Perpetual Contracts Delisting Schedule
OKX will delist the following perpetual contract to mitigate market risks and enhance trading experience:
| Contract Name | Delisting Time |
|---|---|
| GFTUSDT | December 3, 2024, 4:00 PM (UTC+8) |
Key Delisting Procedures:
- Trading Suspension: All open orders will be canceled automatically.
- Settlement Price: Calculated as the arithmetic mean of OKX indices during the hour preceding delisting.
- Funding Rate: Final rate set to 0; no fees charged during settlement.
- Post-Delisting: Accounts with positions exceeding $10,000 USD equivalent will face temporary transfer restrictions (30 minutes).
⚠️ Risk Advisory: Volatility may increase pre-delisting. Users are advised to:
- Reduce leverage exposure.
- Close positions proactively to avoid auto-deleveraging.
Adjusted Risk Parameters (48 Hours Pre-Delisting):
| Parameter | Value |
|---|---|
| Price Band (X) | ±2% |
| Dynamic Range (Y) | 2% |
| Hard Cap (Z) | 5% |
(Rules tighten to ±1% X/Y and 2% Z 30 minutes before settlement.)
Leverage Trading and Flexible Loans
| Trading Pair | Borrowing Halt Time | Delisting Window |
|---|---|---|
| GFT/USDT | November 28, 2024, 12:30 PM (UTC+8) | December 2, 2024, 2:00–4:00 PM (UTC+8) |
👉 Manage your leveraged positions before delisting
Critical Actions Required:
- Repay all borrowed GFT before delisting to prevent forced liquidation.
- Monitor margin ratios—discount rates for GFT collateral will decline progressively to 0.
Collateral Discount Rate Adjustments
Previous Rate Structure:
| Tier | Max Collateral (GFT) | Discount Rate |
|---|---|---|
| 1 | 120,000 | 0.80 |
| 2 | 220,000 | 0.78 |
| 3 | 350,000 | 0.77 |
New Policy:
- Gradual reduction to 0% discount rate for GFT collateral.
- Users must adjust portfolios to avoid margin shortfalls.
FAQ Section
Q1: Can I trade GFT after delisting?
A1: No. All GFT-related perpetual contracts and leverage pairs will be permanently unavailable post-delisting.
Q2: How is the settlement price determined?
A2: Based on OKX’s index average during the hour before delisting, excluding manipulated price spikes.
Q3: What happens to my active loan?
A3: Unrepaid loans trigger automatic liquidation at delisting. Repay early to minimize losses.
Q4: Why adjust collateral discount rates?
A4: To align with diminishing liquidity during the token’s phase-out period.
👉 Explore alternative trading pairs on OKX
Note: Historical trade data remains accessible post-delisting via desktop order center exports.
### Keywords:
1. OKX delisting
2. GFT perpetual contract
3. Leverage trading pairs
4. Collateral discount rate
5. Settlement price
6. Risk management
7. Crypto margin trading