Dear OKX Users,
OKX is pleased to announce the official launch of Yield Guild Games (YGG) leverage trading, savings products (Savings), and YGGUSDT perpetual contracts across web, mobile app, and API platforms. Key details are outlined below:
1. Leverage Trading & Savings Products
Trading Pairs
- YGG/USDT pair will be available for margin trading.
Key Features
- Leverage Tiers: Multi-level margin positions supported (refer to Leverage Trading Position Tiers post-launch).
- Savings Products: Flexible savings options with dynamic quotas (see OKX Savings Rules).
2. Perpetual Contracts
YGGUSDT Perpetual Contract Specifications
| Contract Parameter | Detail |
|---|---|
| Underlying | YGG/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 YGG |
| Price Quotation | USDT price per 1 YGG |
| Minimum Price Increment | 0.0001 |
| Leverage Range | 0.01–75x |
| Funding Rate Formula | Clamp(MA((Midpoint-Index)/Index - Interest), ±0.75%) with Interest=0 |
| Trading Hours | 24/7 |
Special Notes
- Initial Funding Rate Cap: 0.03% until 24:00 HKT on launch day to mitigate premium volatility.
- Standard Cap Resumes: 0.75% thereafter (first full-rate collection occurs at 16:00 HKT the following day).
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Trading Rules
YGGUSDT perpetual contracts follow standard limit order rules. For details, review:
FAQ Section
Q1: When does YGG margin trading begin?
A: Services activate at 17:00 HKT on launch day across all platforms.
Q2: What’s the maximum leverage for YGG contracts?
A: Up to 75x, with tiered maintenance margins to manage risk.
Q3: How often are funding rates applied?
A: Every 8 hours, with rate formulas transparently calculated.
👉 Start trading YGG with competitive fees today
OKX remains committed to delivering exceptional products and services to empower your crypto journey.
OKX Team
August 6, 2021 (HKT)