We are excited to announce that RSS3 and UMEE margin trading and savings will be enabled at 7:00 am UTC on February 24. Simultaneously, USDT-margined perpetual swaps for RSS3 and UMEE will be listed. These updates will be available across web, app, and API interfaces. Below are the key details:
Margin Trading and Savings Features
Spot Margin Trading Pairs:
- RSS3/USDT
- UMEE/USDT
- Tiered Margin Ratios:
For specifics on margin tiers, review the Margin Borrowing Position Tiers post-listing. - Savings Limits:
Refer to the Savings Business Rules for eligibility and limits.
Perpetual Swap Trading Details
RSS3USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | RSS3/USDT Index |
| Settlement Asset | USDT |
| Face Value | 10 RSS3 |
| Price Quotation | 1 RSS3 value in USDT |
| Tick Size | 0.00001 |
| Leverage | 0.01–75x |
| Funding Rate Formula | Clamp(MA(((best bid + best offer)/2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0 |
| Trading Hours | 24/7 |
UMEEUSDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | UMEE/USDT Index |
| Settlement Asset | USDT |
| Face Value | 10 UMEE |
| Price Quotation | 1 UMEE value in USDT |
| Tick Size | 0.00001 |
| Leverage | 0.01–75x |
| Funding Rate Formula | Same as RSS3 |
| Trading Hours | 24/7 |
Important Notes
- Funding Rate Cap: From launch until 4:00 pm UTC on February 24, the funding rate upper limit is 0.03% to mitigate premium instability. Post this window, it reverts to the standard 0.75%.
- Price Limits: Align with existing perpetual swap rules. For granular guidance, consult the Perpetual Swap Trading Guide.
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FAQ
Q1: When will RSS3 and UMEE margin trading go live?
A1: Both features activate at 7:00 am UTC on February 24.
Q2: What leverage is available for RSS3 perpetual swaps?
A2: Leverage ranges from 0.01x to 75x.
Q3: Are there restrictions on savings for these tokens?
A3: Yes, check the Savings Business Rules post-listing.
Q4: Why is the funding rate capped initially?
A4: To prevent excessive charges due to premium volatility during the launch phase.
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