OKX adjusts position tiers of WEMIXUSDT perpetual swaps

In order to improve market liquidity and mitigate risks, OKX will adjust the position tiers of WEMIXUSDT perpetual swaps at 11:30 am UTC on Nov. 24.

Specific adjustment details are as follows:

Contract	Tier	Min. amount (Cont) (Before)	Max. amount (Cont) (After)	Maintenance margin ratio	Min. initial margin ratio	Max. leverage
WEMIXUSDT Perpetual	1	1,200	1	1.0%	1.3%	75
	2	3,000	3	1.5%	2.0%	50
	3	12,000	6,000	2.0%	5.0%	20
	4	24,000	12,000	2.5%	5.5%	18.18
	5	Increase by 12,000 conts from the previous tier	Increase by 6,000 conts from the previous tier	Increase by 0.5% from the previous tier	Increase by 0.5% from the previous tier	Max. leverage of the tier

Risk disclaimer

Users' maintenance margin ratio may increase because of tier adjustments and market volatility. To prevent forced liquidations caused by these adjustments, users are encouraged to decrease leverage by either increasing margins or closing positions.

For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.

OKX

Nov. 24, 2022 (UTC)

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Read the original article at okex

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