We are pleased to announce the official launch of ATH trading, including leveraged trading, perpetual contracts, and Easy Earn products. These new offerings provide expanded opportunities for users seeking diversified crypto strategies.
This launch introduces ATH-based financial instruments, allowing for more flexible trading and earning options. The newly available services include spot margin trading, derivatives contracts, and a simplified staking product, all supporting the ATH/USDT trading pair.
Key Features of ATH Leveraged Trading and Easy Earn
Leveraged trading for the ATH/USDT pair enables users to amplify their trading positions by borrowing funds. This feature allows traders to potentially enhance their returns by using borrowed capital to open larger positions than their account balance would normally allow.
The margin levels and borrowing limits are structured according to a tiered risk management system. These tiers help manage risk by adjusting the available leverage based on the size of the position. Specific details on each tier’s requirements can be found within the platform’s official documentation after the launch.
Easy Earn provides a straightforward way for users to earn passive income on their ATH holdings. By allocating assets to this product, users can generate yields through various mechanisms without active trading. The specific allocation limits and anticipated rates are disclosed on the product page at the time of launch.
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Understanding ATH Perpetual Contracts
Perpetual contracts are a type of derivative product that allows traders to speculate on the future price of ATH without an expiration date. These contracts are settled in USDT and are designed to closely track the underlying spot index price.
Contract Specifications
The ATHUSDT perpetual contract has been structured with the following key parameters:
- Underlying Asset: ATH/USDT index
- Settlement Currency: USDT
- Contract Face Value: 100
- Minimum Price Movement (Tick Size): 0.00001
- Leverage Range: 0.01x to 20x
Funding Rate Mechanism
A funding rate mechanism is used to ensure the contract price converges with the spot index price. This rate is periodically exchanged between buyers and sellers to maintain this equilibrium.
The rate is calculated as follows:Clamp(MA([(Contract Best Bid + Contract Best Ask) / 2 – Spot Index Price] / Spot Index Price – Interest), -0.75%, 0.75%), where Interest is 0.
To ensure stability during the initial launch phase, a temporary funding rate cap of 0.03% will be in effect until June 14, 2024, at 00:00 (UTC+8). After this time, the standard cap of 1.50% will apply. The first collection of funding fees under the normal cap will occur on June 14, 2024, at 08:00 (UTC+8).
All other standard trading rules for USDT-margined perpetual contracts apply, including order types (limit, market, etc.) and risk management features like liquidation. For a comprehensive understanding of how these contracts operate, reviewing the official documentation is highly recommended.
Getting Started with ATH Products
Engaging with these new products requires a basic understanding of the associated risks and mechanics. For leveraged trading and perpetual contracts, it is crucial to understand how leverage amplifies both gains and losses. Utilizing risk management tools, such as stop-loss orders, is a fundamental practice for responsible trading.
The Easy Earn product offers a more passive approach. Users can typically participate by navigating to the dedicated section, selecting the ATH product, and committing their assets for a flexible or fixed term to start earning yields.
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Frequently Asked Questions
What is the difference between leveraged trading and perpetual contracts?
Leveraged trading involves borrowing funds to amplify a spot market position, meaning you directly hold the underlying ATH asset. Perpetual contracts are derivative products where you speculate on the price movement of ATH without owning the asset itself, using leverage as part of the contract specifications.
How is the funding rate calculated for ATH perpetual contracts?
The funding rate is calculated automatically by the platform to tether the contract price to the spot index. It is based on the difference between the perpetual contract's mark price and the underlying spot index price. The rate is periodically paid between long and short position holders.
What are the risks of using leverage?
The primary risk of using leverage is the amplification of losses. If the market moves against your position, you could lose your initial capital rapidly and may face liquidation, where your position is automatically closed to prevent further losses. It is essential to use leverage cautiously.
How do I earn yield with Easy Earn?
By subscribing to the ATH Easy Earn product, you allocate your ATH tokens to the platform. The platform then uses these assets in various yield-generating strategies, such as lending or staking, and distributes a portion of the earnings back to you at a specified rate.
Where can I find the specific tier limits for leverage?
The detailed tiered maintenance margin rules and maximum borrowable amounts for each level are published in the official leverage trading guide on the platform. These details are available for user reference after the product goes live.
Is there a minimum amount required to use these ATH products?
Yes, minimum order amounts apply for leveraged trading and perpetual contracts, while Easy Earn may have a minimum subscription amount. These minimums are designed to ensure efficient network operation and can be found on the respective product interface within the platform.