OKX to list perpetual futures for PUFFER crypto

We are pleased to announce that USDT-margined perpetual futures for PUFFER will be enabled at 12:30 pm UTC on October 14, 2024.

The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Listing schedule

PUFFER/USDT perpetual futures trading will open at 12:30 pm UTC on October 14, 2024.

II. Perpetual futures trading

PUFFERUSDT perpetual futures:

Puffer Finance is a decentralised native liquid restaking protocol built on EigenLayer, and aims to simplify the process of native restaking, allowing anyone to run Ethereum proof-of-stake (PoS) validators and enhance their rewards.

Project name：Puffer Finance
Project ticker：PUFFER
Official website：https://www.puffer.fi/

Features	Details
Underlying	PUFFER/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 PUFFER value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-50x
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.
Trading hours	24/7

III. Index weights and constituents

PUFFERUSDT perpetual futures:

Index constituents	Weightage
Bybit	42.85%
Gate	28.57%
Kucoin	28.57%

Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on October 14, 2024 is 0.03%. After 4:00 pm UTC on October 14, 2024, 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 October 14, 2024.)

The price limit rules of PUFFER 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

October 14, 2024

Read the original article at okex

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