Dear BBX users:
BBX will launch Defi(Decentralized Finance) perpetual swap at 17:00 July 7, 2020(SGT, UTC+8). DEFIUSDT is USDT margined perpetual swap, up to 50x leverage.
The Defi index benchmarks 11 Defi currencies, including COMP, KNC, LEND, MKR, KAVA, ZRX, LRC, REN, REP, BNT, and SNX. The index price calculation method is the weighted average price of 11 currencies.
DEFIUSDT Perpetual Swap’s Options are as follows:
| Name | DEFIUSDT |
| Type | Settled in USDT, Quoted in USDT |
| Expiry Date | Perpetual |
| Maximum Leverage | 50x |
| Contract Size | 0.01 DEFI |
| Min Price Increment | 0.01 USDT |
| Transaction Time | 7 x 24 h |
| Settlement | This contract is perpetual and does not settle. |
| Initial Margin Rate | 2.00% |
| Maint. Margin Rate | 1.00% |
| Auto-Deleveraging Enabled | Yes: This contract manages loss through auto-deleveraging. |
| Mark Method | FairPrice |
| Index Source | DEFI index(OKEx, Huobi, Binance...) |
| Basic Risk Limit | 1,000,000 USDT |
| Risk Step | 500,000 USDT |
| Min Order Quantity | 1 |
| Max Order Quantity | 200,000 |
DEFI Index Source
| Token | Quantity | Exchange 1 | Exchange 2 | Exchange 3 |
| COMP | 0.1667 | Binance-USDT | Coinbase-USDT | OKEx-USDT |
| KNC | 11.9512 | OKEx-USDT | Binance-USDT | G |
| LEND | 86.5173 | Binance-USDT | G | |
| MKR | 0.0316 | Coinbase-USDT | G | OKEx-USDT |
| KAVA | 2.1965 | Binance-USDT | G | |
| ZRX | 41.6865 | Huobi-USDT | Binance-USDT | OKEx-USDT |
| LRC | 67.1079 | OKEx-USDT | G | Binance-USDT |
| REN | 56.6373 | Huobi-USDT | Binance-USDT | |
| REP | 0.7322 | Binance-USDT | Coinbase-USDT | |
| BNT | 4.6026 | Binance-USDT | OKEx-USDT | |
| SNX | 11.2229 | Poloniex-USDT | Poloniex-BTC |
Risk Warning:
Cryptocurrency is an innovative investment product with high price fluctuations and high risk. Before investing, please be sure to fully understand and invest rationally.
Thanks for your support!
BBX
2020/07/06
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Enjoy Your Trading Fun!
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