We are pleased to announce that RSS3 and UMEE margin trading and savings will be enabled at 7:00 am UTC on Feb. 24. USDT-margined perpetual swaps for RSS3 and UMEE will be listed at the same time.

　　The updates will cover both the web and app interfaces as well as API. The details are as follows:

　　Margin Trading and Savings

　　1. Spot margin trading will be activated for following pairs: RSS3/USDT、UMEE/USDT

　　2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.

　　3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.

　　Perpetual Swap Trading

　　RSS3USDT Perpetual Swap:

　　Feature

　　Details

　　Underlying

　　RSS3/USDT Index

　　Settlement asset

　　USDT

　　Face value

　　1 RSS3

　　Price quotation

　　1 RSS3 value calculated in USDT equivalent

　　Tick size

　　0.00001

　　Leverage

　　0.01-75 x

　　Funding rate

　　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

　　1 UMEE

　　Price quotation

　　1 UMEE value calculated in USDT equivalent

　　Tick size

　　0.00001

　　Leverage

　　0.01-75 x

　　Funding rate

　　Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0

　　Trading hours

　　24/7

　　Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on February. 24 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on February. 25).

　　The price limit rules of RSS3 and UMEE USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

　　USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide

　　OKX

　　Feb. 24, 2022 (UTC)

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