Ouyi Announcement on the Offline Leverage of BADGER and X Coin Pair

OKX
OKX|Jun 02, 2025 07:01
Dear Ouyi user: In order to prevent market risks and provide users with a good trading experience, Ouyi will regularly delist some leveraged coin pairs. The specific offline plan is as follows: 1、 Leveraged trading and current lending Leveraged coin pair | Stop borrowing function | Offline time| BADGER/USDT | June 2, 2025 3:00 PM (UTC+8) | June 5, 2025 2:00-6:00 PM (UTC+8)| X/USDT | June 2, 2025 3:00 PM (UTC+8) | June 5, 2025 2:00-6:00 PM (UTC+8)| Ouyi will suspend leveraged trading and current lending services for relevant currency pairs during the above-mentioned offline time, and cancel leveraged trading market orders. The offline time for each coin pair is approximately 2 hours. Users who have borrowed/pledged coins in the above-mentioned leveraged trading pairs or current lending must repay the coins before the coin pair goes offline. If the borrowed coins are not repaid by then, the system will be triggered to force the repayment. Risk Warning: Due to significant market fluctuations, it is recommended that users close their positions before stopping trading to avoid losses when the system forces coin returns. 2、 Currency discount rate adjustment Before adjustment: Please refer to the currency discount rate page for details After adjustment: Maximum collateral amount | discount rate| 0 | 0 | Introduction to Currency Discount Rate: In the cross currency margin account model, assets of different currencies in the entire position can be converted into US dollars as margin. Due to the significant differences in market liquidity among currencies, the platform provides discounts when calculating the actual US dollar value of each currency, in order to balance market risk. Risk Warning: Due to recent market volatility and the delisting process of currency margin, we will gradually reduce the discount rate to 0. During this period, the maintenance margin rate for user positions using this currency as collateral may increase. To prevent forced liquidation caused by rule adjustments, it is recommended that users promptly control risks by closing positions, reducing positions, and adding margin. Ouyi will continue to provide you with better products and services! Ouyi team June 2nd, 2025
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads