Dear BIT Users,
BIT will adjust the collateral discount rates for Solana (SOL), TRON (TRX), and Toncoin (TON). These changes will take effect on April 3, 2023, at 12:00 UTC+8.
Key Adjustments
| Cryptocurrency | Previous Discount Rate | Updated Discount Rate |
|---|---|---|
| SOL | 0.8 | 0.5 |
| TRX | 0.4 | 0.15 |
| TON | 1 | 0.8 |
Note: This adjustment does not impact maintenance margin requirements, meaning liquidation thresholds remain unchanged.
👉 Learn how collateral rates affect your trading strategy
Action Required
Review and adapt your trading strategies accordingly. We appreciate your understanding and support.
Risk Reminder
Cryptocurrency trading involves significant volatility and risk. Ensure you fully comprehend these risks before trading. BIT is not liable for any trading losses.
FAQ
Q1: What is a collateral discount rate?
A: It’s the percentage applied to an asset’s value when used as collateral, affecting borrowing power.
Q2: Will this change trigger liquidations?
A: No, maintenance margins are unaffected.
Q3: How can I optimize my positions post-adjustment?
A: Rebalance collateral allocations or reduce leverage to align with new rates.
Q4: Where can I track future rate updates?
A: Monitor official BIT announcements for real-time updates.
For further inquiries, explore our help center or contact support.
BIT Team
March 31, 2023
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