Introduction
OKX has expanded its trading offerings by listing OL Token (OL) with comprehensive trading features, including leverage trading, perpetual contracts, and Simple Earn opportunities. This strategic move provides traders with enhanced flexibility in managing OL positions across multiple financial products.
Product Launch Timeline
- Perpetual Contracts: Live from November 22, 2024, at 5:00 PM UTC+8
- Leverage Trading & Simple Earn: Activated from November 22, 2024, at 7:00 PM UTC+8
👉 Explore OL trading pairs on OKX today
I. Leverage Trading and Simple Earn Details
Leverage Trading
- Trading Pair: OL/USDT
Key Features:
- Multi-tier margin system (refer to Leverage Tier Guidelines post-launch)
- Supports long/short positions with up to 50x leverage
Simple Earn
- Flexible subscription model
- Real-time yield updates (see Simple Earn Rules for allocation limits)
II. OLUSDT Perpetual Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | OL/USDT Index |
| Settlement Currency | USDT |
| Contract Size | 10 OL |
| Price Quotation | USD value per 1 OL |
| Minimum Price Movement | 0.000001 USDT |
| Leverage Range | 0.01–50x |
| Funding Rate Mechanism | Clamped at ±1.5% (initial cap: 0.03% until Nov 23, 2024, 00:00 UTC+8) |
| Trading Hours | 24/7 |
Note: Transaction rules align with standard perpetual contracts. Refer to the OKX Perpetual Contracts Documentation for details.
III. Strategic Benefits for Traders
- Portfolio Diversification: Combine spot, derivatives, and passive income tools
- Risk Management: Flexible leverage adjustments
- Capital Efficiency: Earn yields on idle OL holdings
👉 Start trading OL with advanced tools on OKX
FAQs
Q1: What’s the maximum leverage for OL perpetual contracts?
A: Up to 50x, with tiered reductions for larger positions.
Q2: How does Simple Earn differ from staking?
A: Offers flexible redemptions without lock-up periods.
Q3: Why does the funding rate have an initial cap?
A: Prevents extreme rate fluctuations during early liquidity phases.
Q4: Are OL margin trades available cross-platform?
A: Yes, via web, mobile app, and API.
Q5: When do funding fees settle?
A: Daily at 08:00 UTC+8 after the initial stabilization period.
Conclusion
OKX’s OL integration delivers a robust ecosystem for traders seeking leveraged exposure, hedging capabilities, and yield generation. With institutional-grade liquidity and transparent pricing, this listing reinforces OKX’s commitment to pioneering digital asset innovation.
Disclaimer: Trading involves risk. Consider your experience level before using leverage.
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