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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.
 
DeFi1024_en.png
 
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

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