Announcement from Ouyi on the official launch of the SOLV perpetual contract

Dear Ouyi user: Ouyi will officially launch the SOLVUSDT perpetual contract on January 17, 2025 at 6:15 pm (UTC+8) on the web, app, and API. The detailed rules are as follows: 1. Opening time *The opening time for trading the SOLVUSDT contract is 6:15 pm on January 17th (UTC+8) 2. Contract Introduction SOLVUSDT perpetual contract: Solv is a decentralized Bitcoin staking protocol that unleashes the potential of Bitcoin assets through a liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, profit opportunities, and custody solutions, Bitcoin staking is simplified and standardized through a staking abstraction layer (SAL). *English full name: SOLV Protocol *English abbreviation: SOLV *Project official website: https://solv.finance/ *Twitter: https://(x.com)/SolvProtocol/ Contract Elements | Details| Underlying Contract | SOLV/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 100| Price quotation | quote based on the USDT price of 1 SOLV| Minimum price change (Tick size) | 0.000001| Leverage | 0.01~50x| Funding fee | Clamp (MA ([(contract buy price+contract sell price)/2- spot index price/spot index price - Interest), -1.5%, 1.5%), where Interest is 0. Note: The payment of funding fees is made in the current period| Fee collection frequency (Funding interval) | 4 hours| Trading hours | 7 x 24 hours| Note: When the new contract is launched, the premium is unstable. To avoid unreasonable collection of fund fees, the upper limit of the fund fee rate calculated before 00:00 on January 18, 2025 (UTC+8) is 0.03%. After 00:00 on January 18, 2025 (UTC+8), the upper limit of the fund fee rate will be adjusted back to the normal 1.5% [the actual collection time of fund fees for this period will be 4:00 am on January 18, 2025 (UTC+8)]. In addition, the limit trading rules of the SOLVUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT Margin Perpetual Contract: User Agreement for EUYI Perpetual Contract Ouyi will continue to provide you with better products and services! Ouyi team January 16th, 2025