AscendEX is excited to launch perpetual futures contracts for USDD-Perp on Jun. 15, 2 AM UTC, 2022. The USDD-Perp perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.
AscendEX now accepts USDD and staked USDD (USDD-S) as multi-collateral assets for trading perpetual futures contracts. USDD and USDD-S are discounted by 20% and 23% in value respectively when they are used as collateral for futures trading. For example, if USDD is priced at 1 USDT, and users deposit 1 USDD into their futures accounts, only 0.8 USDT worth of USDD can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit USDD and USDD-S in their futures accounts to be used as collateral when trading all USDT-margined Futures, other than USDT, USDC, USDP, BTC, ETH, ADA, ATOM, BCH, BNB, BSV, DOT, EOS, LINK, LTC, MATIC, TRX, UNI, XRP, ALGO, BAND, CSPR, DOGE, EGLD, ETC, FIL, FTT, IOST, KAVA, ONE, SOL, SRM, VET, WOO, XLM, XTZ, AKT, XPRT, SHIB, FTM, OMI, FIDA, ZIL and APE.
Thank you for the continued support!
The AscendEX Team