We are excited to announce the official launch of leveraged trading, savings products, and perpetual contracts for FITFI. These new features provide expanded opportunities for traders and investors to engage with the FITFI market using advanced financial instruments.
Starting May 11, 2022, users can access FITFI leveraged trading, savings accounts, and USDT-margined perpetual contracts across all platforms including web, mobile app, and API.
Key Features of FITFI Leveraged Trading and Savings
FITFI leveraged trading is now available with USDT trading pairs. This allows users to borrow funds and increase their exposure to FITFI price movements.
The margin levels and tier design for leveraged positions can be viewed directly on the platform after launch. These tiers help manage risk by adjusting leverage based on position size.
The savings feature, also known as "Earn", enables users to earn interest on their idle FITFI holdings. Deposit limits and interest rates are available on the platform post-launch.
👉 Check current margin trading tiers and rates
FITFIUSDT Perpetual Contract Specifications
The FITFIUSDT perpetual contract offers traders a way to speculate on FITFI's price without an expiration date. Here are the key contract details:
| Contract Element | Specification |
|---|---|
| Underlying Asset | FITFI/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 FITFI |
| Price Quotation | USDT price per 1 FITFI |
| Minimum Price Movement | 0.0001 |
| Leverage Range | 0.01x to 75x |
| Funding Rate Mechanism | Clamp(MA((Mid Price - Spot Index Price)/Spot Index Price - Interest), -0.75%, 0.75%) with Interest = 0 |
| Trading Hours | 24/7 |
Important Funding Rate Notice:
To ensure fair initial funding rates during the launch period, the maximum funding rate will be capped at 0.03% until May 11, 2022, 24:00 HKT. After this time, the normal maximum rate of 0.75% will apply. The first funding payment at the normal rate will occur on May 12, 2022, at 16:00 HKT.
The FITFIUSDT perpetual contract follows the same limit order rules and trading mechanisms as other perpetual contracts on the platform.
👉 Learn more about perpetual contract trading strategies
Frequently Asked Questions
What is leveraged trading?
Leveraged trading allows you to borrow funds to amplify your trading position. This can increase both potential profits and losses. FITFI leveraged trading is available with USDT pairs.
How does the savings feature work?
The savings product lets you deposit your FITFI tokens to earn interest over time. The platform lends these tokens to other users while paying you a portion of the interest generated.
What are perpetual contracts?
Perpetual contracts are derivatives without expiration dates that track an underlying asset's price. They use funding rates to maintain price alignment with spot markets.
How is the funding rate calculated?
The funding rate is determined by the difference between the contract market price and the spot index price. It is periodically paid between long and short position holders to maintain contract price convergence.
What risks should I consider with leverage?
Leverage magnifies both gains and losses. It's important to use risk management tools like stop-loss orders and maintain adequate margin levels to avoid liquidation.
Can I access these features on mobile?
Yes, FITFI leveraged trading, savings, and perpetual contracts are available on both web and mobile platforms, providing flexible access to these trading instruments.
The addition of FITFI leveraged trading, savings products, and perpetual contracts provides traders with more ways to engage with this digital asset. These instruments offer opportunities for both short-term trading and longer-term investment strategies.
As with any trading activity, particularly with leveraged products, it's important to understand the risks involved and use appropriate risk management techniques. The platform provides various tools to help manage these risks effectively.
We remain committed to expanding our product offerings and providing users with innovative trading solutions across digital asset markets.