Chainwhy News - OKX has announced the official listing of MERL, introducing margin trading, perpetual contracts, and Easy Earn services. Here's a detailed breakdown of the offerings and rules:
1. Margin Trading and Easy Earn
- MERL/USDT Pair: Now available for margin trading.
- Leverage Tiers: Refer to OKX’s Margin Trading Tier Guidelines post-launch.
- Easy Earn Quotas: Check the Easy Earn Rules for allocation details.
👉 Explore Margin Trading on OKX
2. MERL Perpetual Contracts
Contract Specifications
| Key Parameter | Details |
|---|---|
| Underlying Index | MERL/USDT |
| Settlement Currency | USDT |
| Contract Face Value | 1 MERL |
| Min Price Movement | 0.0001 |
| Leverage Range | 0.01–50x |
| Funding Rate Formula | Clamp(MA[(Mark Price – Spot Index) / Index – Interest], -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Note: From April 20, 00:00 UTC+8, the funding rate cap adjusts from 0.03% to 1.5%.
👉 Trade Perpetual Contracts Now
FAQ
Q1: When does MERL margin trading go live?
A1: April 22, 12:00 UTC+8.
Q2: What’s the max leverage for MERL contracts?
A2: 50x.
Q3: Are there limits on Easy Earn subscriptions?
A3: Yes, quotas vary—check the platform post-launch.