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Update of Multi-Collateral Assets: LINK, BCH and DOT
For enhanced trading experience, AscendEX accepts LINK, BCH and DOT as multi-collateral assets for Perpetual Futures Contract starting Apr 7, 2:00 p.m. UTC, 2021. You can deposit LINK, BCH and DOT in the Futures account to be used as collateral when trading Futures, besides USDT, USDC, PAX, BTC and ETH.
AscendEX adopts Multi-Collateral Mechanism for Perpetual Futures Contracts where non-USDT assets above can be used as collateral and fee.
Non-USDT assets above are discounted when used as collateral. The table below displays the collateral discount factor for the accepted assets.
|Asset||Collateral Discount Factor|
Take LINK for example. When LINK prices at 30 USDT, a user deposits 1 LINK in his/her Futures account. Only 27 USDT (30 USDT * 0.9) can be used as collateral to calculate initial margin rate and maintenance margin rate.
View more: Margin Rules for AscendEX Perpetual Futures Contract
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Apr 7, 2021
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