BitMart Will Launch DeFi Perpetual Swap

Dear BitMart Users,

 

BitMart will launch DeFi (Decentralized Finance) Perpetual Swap at 6:00 AM on July 7, 2020 (EDT). DEFIUSDT is a USDT margined perpetual swap with leverage up to 50X.

 

 

The DeFi index benchmarks 11 DeFi cryptocurrencies, including COMP, KNC, LEND, MKR, KAVA, ZRX, LRC, REN, REP, BNT, SNX. The index price is calculated as the weighted average price of the 11 cryptocurrencies.

 

More Details About the DEFIUSDT Perpetual Swap:

Name	DEFIUSDT
Type	DEFI as the base currency and USDT as the pricing and settlement currency.
Expiration Date	Perpetual
Maxi. Leverage	50X
Contract Value	0.01 DEFI
Min. Price Increment	0.01 USDT
Trading Time	7x24h
Settlement	No
Initial Margin Rate	2.00%
Maint. Margin Rate	1.00%
ADL	Yes. This swap manages loss through Auto-Deleveraging (ADL).
Price Marking	Reasonable Price Marking
Index Source	DEFI Index (Okex, Huobi, Binance, etc.)
Basic Risk Limit	1,000,000 USDT
Risk Step	500,000 USDT
Min. Order Qty.	1
Max. Order Qty.	200,000

 

DEFI Index Source

Token	Qty.	Exchange 1	Exchange 2	Exchange 3
COMP	0.1667	Binance-USDT	Coinbase-USDT	OKEx-USDT
KNC	11.9512	OKEx-USDT	Binance-USDT	Gateio-USDT
LEND	86.5173	Binance-USDT	Gateio-USDT
MKR	0.0316	Coinbase-USDT	Gateio-USDT	OKEx-USDT
KAVA	2.1965	Binance-USDT	Gateio-USDT
ZRX	41.6865	Huobi-USDT	Binance-USDT	OKEx-USDT
LRC	67.1079	OKEx-USDT	Gateio-USDT	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

 

ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.

 

Thanks for supporting BitMart!

 

BitMart Team

July 6, 2020