> For the complete documentation index, see [llms.txt](https://documentation.ivx.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://documentation.ivx.fi/images-and-media/account-value.md).

# Account Value

At any stage in the epoch's life cycle, the total account value can be calculated as below:

$$
\text{Account Value} = \text{Effective Balance} - \text{Debt}  + \text{Effective profits} - \text{Loss}
$$

                                              Where Effective profits = $$a\*\text{Real Profits}$$

&#x20;                                                                           0 < a < 1          (Initially a = 0.4)

Knowing the account value, traders can decide to add or reduce to their position, as long as the account value remains higher than the initial maintenance margin in [Standard Margin](https://docs.ivx.fi/financial-model/standard-margin)

<table data-full-width="true"><thead><tr><th width="118.40234375">Asset</th><th width="159.54296875">Collateral Factor</th><th data-hidden></th><th data-hidden></th></tr></thead><tbody><tr><td>$HONEY</td><td>1</td><td></td><td></td></tr><tr><td>$wETH</td><td>0.99</td><td></td><td></td></tr><tr><td>$HYPE</td><td>0.98</td><td></td><td></td></tr><tr><td>$wBTC</td><td>0.99</td><td></td><td></td></tr><tr><td>$SOL</td><td>0.99</td><td></td><td></td></tr></tbody></table>

Initially, $HONEY only accepted on the front end