Dear OKX Users,
We're excited to announce the launch of INJ/USDT leverage trading, savings products, and INJUSDT perpetual contracts across our web platform, mobile app, and API interface. The services will go live on November 30, 2023 at 20:00 (UTC+8). Below are the detailed specifications:
I. Leverage Trading and Savings Products
Key Features:
- INJ will be available for margin trading against USDT pairs
- Tiered margin levels will apply (check platform upon launch)
- Flexible savings quotas will be implemented (see platform for details)
👉 Discover margin trading opportunities with INJ
II. Perpetual Contracts Specifications
Contract Basics: INJUSDT Perpetual
| Contract Parameter | Specification |
|---|---|
| Underlying Asset | INJ/USDT Index |
| Settlement Currency | USDT |
| Face Value | 0.1 INJ |
| Price Quotation | USDT price per 1 INJ |
| Minimum Price Movement | 0.001 |
| Leverage Range | 0.01-50x |
| Funding Rate Calculation | Clamp(MA([(Mark Price - Index)/Index - Interest]), -1.5%, 1.5%) |
| Trading Hours | 24/7 |
Special Notes:
- Initial funding rate cap: 0.03% until December 1, 00:00 (UTC+8)
- Standard 1.5% cap resumes after December 1, 16:00 (UTC+8)
- All standard perpetual contract trading rules apply
👉 Learn about USDT-margined perpetual contracts
FAQ Section
Q: When does INJ margin trading begin?
A: Services launch November 30, 2023 at 20:00 (UTC+8).
Q: What's the minimum price movement for INJ contracts?
A: The tick size is 0.001 USDT.
Q: How does the funding rate work initially?
A: A temporary 0.03% cap applies until December 1 to ensure stability.
Q: What leverage is available for INJ contracts?
A: Flexible leverage from 0.01x to 50x.
Q: Are there any special margin requirements?
A: Standard tiered margin levels apply - check platform for details.
OKX remains committed to delivering exceptional products and services to meet your trading needs.
OKX Team
November 30, 2023