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OKX to list perpetual futures for LAYER crypto
We are pleased to announce that USDT-margined perpetual futures for LAYER will be enabled at 2:30 pm UTC on February 11, 2025.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
LAYERUSDT perpetual futures trading will open at 2:30 pm UTC on February 11, 2025.
II. Perpetual futures trading
LAYER perpetual futures:
Solayer is a restaking protocol built natively on Solana, and designed to empower dApps with improved network bandwidth while simultaneously enhancing Solana's security.
Asset name: Solayer
Ticker: LAYER
Website: https://solayer.org/
Twitter: https://x.com/solayer_labs
Price page: https://www.okx.com/price/solayer-layer
Features | Details |
Underlying | LAYER/USDT index |
Settlement crypto | USDT |
Face value | 1 |
Price quotation | 1 LAYER value calculated in USDT equivalent |
Tick size | 0.00001 |
Leverage | 0.01-20x |
Funding fee | Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of newly launched futures, the upper limit of the funding fee before 4:00 pm UTC on February 11, 2025 is 0.5%. After 4:00 pm UTC on February 11, 2025, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 8:00 pm UTC on February 11, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.
The price limit rules of LAYER USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
February 11, 2025
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