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 | 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 |
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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