Collateral
Trade perpetuals with the assets you already hold — not just stablecoins.
On most platforms, you have to convert everything into a stablecoin before you can trade. Vanta is different: alongside USDC and USDT, you can post major assets like BTC, ETH, BNB, and SOL directly as collateral for perpetual trading. Keep your exposure to the assets you believe in, and put them to work as margin at the same time.
Why multi-asset collateral matters
- Stay invested — use your BTC or ETH as margin without selling it first.
- More capital efficiency — your existing holdings back your trades, so idle assets become useful collateral.
- Fewer steps — no need to swap into a stablecoin every time you want to open a position.
Supported collateral and collateral ratios
The collateral ratio is how much of an asset's market value counts toward your margin. Stable assets count at or near full value, while more volatile assets are given a safety buffer — so a sudden price swing is less likely to put your account at risk.
| Asset | Type | Collateral ratio |
|---|---|---|
| USDC | Stablecoin (settlement asset) | 100% |
| USDT | Stablecoin | 100% |
| USD1 | Stablecoin | 98% |
| YUSD | Stablecoin | 90% |
| BTC | Major crypto | 80% |
| ETH | Major crypto | 80% |
| SOL | Major crypto | 80% |
| BNB | Major crypto | 80% |
For example, $1,000 of BTC posted as collateral is recognized as $800 of margin (an 80% ratio), while $1,000 of USDT counts as the full $1,000.
For very large balances of a single asset, the recognized collateral ratio may taper down gradually. This keeps the platform resilient and protects your account against the extra risk that comes with concentrated, hard-to-exit positions.
How your collateral keeps your account safe
All of your collateral is valued together, using its market price and collateral ratio, to determine your available margin. Vanta keeps an eye on the health of your account as prices move. If your account ever gets close to its safety limit, a protective auto-conversion can kick in: a portion of your non-stablecoin collateral is automatically converted into the settlement asset to bring your account back to a safer level. A small conversion fee applies, and it depends on the asset:
| Asset | Auto-conversion fee |
|---|---|
| USDC / USDT | ~0.025% |
| USD1 / YUSD | ~0.035% |
| BTC / ETH / SOL / BNB | ~3.5% |
Using volatile assets as collateral adds price risk on top of your position: if BTC, ETH, SOL, or BNB falls in value, so does your margin. Keep a comfortable buffer and monitor your account health to avoid auto-conversion or liquidation.