AscendEX is excited to launch perpetual futures contracts for VETUSDT, UNIUSDT, and ONEUSDT on June 22 at 1:00 p.m. UTC. The VETUSDT, UNIUSDT, and ONEUSDT perpetual futures contracts are denominated and settled in USDT with available leverage of up to 50x, 100x and 50x, respectively.
AscendEX now accepts VET and UNI as multi-collateral assets for perpetual futures contracts. You can deposit VET and UNI in your futures account to be used as collateral when trading all USDT-margined Futures, other than USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT, XRP, BNB, MATIC, TRX and ADA, FIL, FTT and ETC.
VET is discounted by 20% when it’s used as collateral for futures trading. For example, if VET is priced at 0.12 USDT, and you deposit 100 VET into your Futures account, only 9.6 USDT worth of VET will be used as collateral in the calculation of your initial margin rate and maintenance margin rate.
UNI is discounted by 10% when it’s used as collateral for futures trading. For example, if UNI is priced at 24 USDT, and you deposit 1 UNI in your Futures account, only 21.6 USDT worth of UNI will be used as collateral in the calculation of your initial margin rate and maintenance margin rate.
For details please read:
Thank you for the continued support!
The AscendEX Team
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