AscendEX is excited to launch perpetual futures contracts for FIDA-Perp on Jan. 31 at 2:00 a.m. UTC, 2022. The FIDA-Perp perpetual futures contracts are denominated and settled in USDT with available leverage of up to 20x.
AscendEX now accepts FIDA as multi-collateral assets for perpetual futures contracts. FIDA is discounted by 20% in its value when it is used as collateral for futures trading. For example, if FIDA is priced at 2 USDT, and users deposit 10 FIDA into their Futures accounts, only 16 USDT worth of FIDA can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit FIDA in their futures account to be used as collateral when trading all USDT-margined Futures. Other supported assets include 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, PORT, SHIB, FTM and OMI.
Thank you for the continued support!
The AscendEX Team