Contract Type

linear

Trading Hours

24/7/365

Underlying

openly defined by LP so long as there's respective Spot Oracle

Quote/Margin Assets

USDC, USDT, DAI and ETH for start

Spot Oracle Index

Chainlink and Uniswap for V1

Maximum Leverage

10x for V1

Initial Margin

10%

Maintenance Margin

5%

Expiration

8 am UTC time on every Friday of the week for V1

Trading Fees

0.30%

SETTLING Period

last hour before contract expiry

Mark Basis

Exponential Moving Average (EMA) of past basis

Mark Price for Liquidations

TRADING state: Spot Index Price + MarkBasis
SETTLING state: Time-Weighted Average Price (TWAP) of Spot Oracle Index

Did this answer your question?