We’re excited to announce that OKX will enable USDT-margined perpetual futures trading for LAYER (Solayer’s native token) at 2:30 pm UTC on February 11, 2025. This update applies to the web, mobile app, and API interfaces. Below is everything you need to know about this new listing.
I. Listing Schedule
- Trading Start Time: February 11, 2025, at 2:30 pm UTC
- Market Pair:
LAYER/USDT
II. LAYER Perpetual Futures Overview
Solayer is a restaking protocol natively built on Solana, designed to enhance decentralized applications (dApps) with improved network bandwidth while strengthening Solana’s security.
Key Token Details
- Asset Name: Solayer
- Ticker:
LAYER - Blockchain: Solana
- Use Case: Restaking & network security
👉 Discover Solayer’s restaking innovations
Trading Specifications
| Feature | Details |
|---|---|
| Underlying Index | LAYER/USDT |
| Settlement Asset | USDT |
| Contract Face Value | 1 LAYER |
| Price Quotation | USDT-denominated |
| Minimum Price Move (Tick Size) | 0.00001 |
| Leverage | 0.01x–20x (adjustable) |
| Funding Fee Mechanism | Clamped between -1.5% and +1.5% (see details below) |
| Funding Intervals | Every 4 hours |
| Trading Hours | 24/7 |
Funding Fee Adjustments
To mitigate excessive volatility risks for newly listed futures, OKX implements a temporary funding fee cap:
- Before 4:00 pm UTC (Feb 11, 2025): Max fee = 0.5%
- After 4:00 pm UTC: Normalizes to 1.5%
(Note: Market conditions may prompt further adjustments.)
III. Why Trade LAYER Perpetual Futures?
- Leveraged Exposure: Amplify positions with up to 20x leverage.
- USDT Margining: Hedge or speculate without managing multiple assets.
- 24/7 Liquidity: Trade anytime with continuous market access.
👉 Maximize your trading strategy on OKX
FAQs
1. What are perpetual futures?
Perpetual futures are non-expiring contracts that track an asset’s spot price, using funding fees to align with market rates.
2. How does LAYER’s funding fee work?
Fees adjust every 4 hours based on the premium/discount versus the spot index. Traders pay/receive fees accordingly.
3. Is there a price limit on LAYER futures?
Yes, OKX applies standard price limits to prevent extreme volatility.
4. Can I trade LAYER futures on mobile?
Absolutely! OKX’s app supports full trading functionality.
Final Notes
OKX remains committed to expanding its derivatives offerings, providing traders with secure, liquid, and innovative markets. Stay tuned for updates and happy trading!
Disclaimer: Trading involves risk. This content is for informational purposes only.
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