OKX to adjust discount rates for LUNA in multi-currency margin mode
OKX will be adjusting the discount rates for LUNA in the multi-currency margin mode. The changes will take place at 14:00 am UTC on May. 12. Specific adjustment details are as follows:
Before | After | |||
Asset | Tier (USD) | Discount rate | Tier (USD) | Discount rate |
LUNA | 0-5,000,000 | 1 | 0-50,000 | 0.5 |
5,000,000-20,000,000 | 0.975 | |||
20,000,000-40,000,000 | 0.95 | |||
40,000,000-100,000,000 | 0.9 | |||
>100,000,000 | 0 | >50,000 | 0 | |
Discount rates overview
In multi-currency cross margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: https://www.okx.com/trade-market/discountrate/futures
For any inquiries regarding these adjustments, please feel free to contact us in the OKX Telegram group or via the Support Center.
OKX
May 12, 2022 (UTC)
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