AscendEX is thrilled to announce the launch to support staked assets to be used as collateral for futures trading, enabling users to further increase their profits from futures or margin trading while still earning staking incomes. Previously, AscendEX has allowed its users to use their staked assets as collateral when trading on margin. Please see the details as below:
- The staked assets AscendEX allows to be used as collateral for futures trading are: BTC, ETH, USDT, USDC, DOT and ATOM. The staked assets need to be transferred to the Futures Account before they can be used as collateral for futures trading. Please refer to “Futures Information” for the specific discount rates.
- After the staked assets are transferred to the Futures Account, the income from staking the assets will be credited to the Futures Account. If the token is being used as futures collateral, the income will be automatically added to the Futures Account as additional collateral.
- Staked assets in Futures Accounts need to be transferred to an Investment Account before being unstaked. In the event of a forced liquidation on the Futures Account, the assets will be automatically be unstaked by the system. Please review the Staking page for information on immediate unstaking fees.
The assets staked in AscendEX can be transferred amongst Investment Accounts, Margin Accounts and Futures Accounts.
Please read How to Use Staked Assets for Futures Trading to learn more.
We truly appreciate your continued support.
The AscendEX Team