OKX is set to launch SOLV/USDT perpetual contracts on January 17, 2025, at 6:15 PM (UTC+8). This new offering will be available across web, mobile app, and API platforms. Below are the key details:
1. Trading Schedule
- SOLV/USDT Perpetual Contract begins trading at 6:15 PM (UTC+8) on January 17.
2. Contract Specifications
SOLV is the native token of Solv Protocol, a decentralized Bitcoin staking platform that unlocks BTC's potential via its Liquidity Consensus Infrastructure. The protocol addresses fragmentation, yield opportunities, and custody solutions for BTC assets through its Staking Abstraction Layer (SAL).
| Contract Feature | Details |
|---|---|
| Underlying Asset | SOLV/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 SOLV |
| Price Quotation | USDT per 1 SOLV |
| Minimum Price Increment | 0.000001 |
| Leverage | 0.01–50x |
| Funding Fee Formula | Clamp(MA([(Mark Price – Spot Index)/Spot Index – Interest], -1.5%, 1.5%) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Note: To mitigate volatility during launch, funding rate caps are temporarily set at 0.03% until 00:00 (UTC+8) on January 18, reverting to 1.5% thereafter. The first full fee cycle completes at 04:00 (UTC+8) on January 18.
👉 Explore SOLV trading strategies
3. Additional Rules
- Order types (e.g., limit orders) and trading rules align with OKX's standard perpetual contract framework.
- Refer to the Perpetual Contract Documentation for comprehensive guidelines.
OKX remains committed to delivering exceptional products and services for digital asset traders.
FAQs
Q: What is Solv Protocol?
A: A decentralized platform optimizing Bitcoin staking through its SAL layer, solving BTC asset fragmentation and custody challenges.
Q: When does SOLV funding fee normalization begin?
A: January 18, 2025, 00:00 UTC+8 marks the transition from 0.03% to 1.5% rate caps.
Q: Is leverage adjustable post-trade?
A: Yes, positions allow leverage adjustments between 0.01x and 50x.