Dear OKX Users,
With the Filecoin mainnet scheduled to launch on October 15, 2020 (HKT), we're providing clarity on FILUSDT perpetual contract index composition and trading rule adjustments during this transition period.
Pre-Mainnet Launch Rules
Before Filecoin mainnet activation, while no major exchanges offer FIL native token trading pairs, the index will comprise:
| Exchange | Trading Pair | Weight |
|---|---|---|
| Gate.io | FIL6/USDT | 33.3% |
| Poloniex | XFIL/USDT | 33.3% |
| OKX | FILUSDT Perpetual | 33.3% |
Post-Mainnet Launch Updates
1. Index Composition Changes
After mainnet activation, we'll progressively replace existing FIL6/XFIL/FILUSDT perpetual components with native FIL spot trading pairs from liquid exchanges. These changes will be reflected in:
- The FILUSDT index page
- Index API data
👉 Track real-time index changes
2. Price Limit & Funding Rate Adjustments
Once the mainnet stabilizes:
Price Limit Rules:
| Before Adjustment | After Adjustment |
|---|---|
| Upper Limit = Min(Max(Index, Index1.1 + 10min premium avg), Index1.2) | Upper Limit = Min(Max(Index, Index1.06 + 10min premium avg), Index1.15) |
| Lower Limit = Min(Max(Index, Index0.9 + 10min premium avg), Index0.8) | Lower Limit = Min(Max(Index, Index0.94 + 10min premium avg), Index0.85) |
Funding Rate Rules:
| Before Adjustment | After Adjustment |
|---|---|
| Clamp(MA((Mid Price - Index)/Index - Interest), -0.1%, 0.1%) | Clamp(MA((Mid Price - Index)/Index - Interest), -0.75%, 0.75%) |
Implementation timing will be announced separately.
Risk Management Advisory
Expect increased volatility during mainnet activation. When index components change:
- Reduce actual leverage
- Decrease position sizes
- Monitor mark price fluctuations
FAQ Section
Q: When will new index components take effect?
A: Changes will occur progressively post-mainnet without additional announcement. Check our index page for updates.
Q: Why widen the funding rate range?
A: This accommodates expected higher volatility during the transition period.
Q: How can I monitor rule changes?
A: Subscribe to OKX official channels for announcements.
👉 Stay updated via OKX official platforms
OKX remains committed to delivering superior products and services.
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