A leading digital asset exchange has expanded its offerings with the introduction of MAX and ONDO perpetual contracts, margin trading, and Easy Earn products. This strategic move provides traders and investors with more versatile tools to engage with these emerging digital assets.
The new services were rolled out in a phased approach, ensuring system stability and a smooth user experience across web, mobile app, and API interfaces.
Introduction of Leverage Trading and Easy Earn
The platform has simultaneously enabled USDT-margin trading pairs for both MAX and ONDO. This allows users to borrow funds to amplify their trading positions, potentially increasing both gains and losses.
Key features for these new margin pairs include a multi-tiered leverage design. The specific borrowing tiers and associated risk levels are detailed in the platform's official margin trading documentation, which users are advised to consult.
Furthermore, both assets have been integrated into the Easy Earn product suite. This feature enables users to earn potential yields on their idle MAX and ONDO holdings through flexible or fixed-term savings products. Allocation limits for Easy Earn are subject to change based on market demand and are outlined in the dedicated Easy Earn rules section.
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Detailed Look at the New Perpetual Contracts
The core of this expansion is the launch of new perpetual futures contracts for both tokens.
MAXUSDT Perpetual Contract Specifications
This contract allows traders to speculate on the future price of MAX without an expiry date.
| Contract Element | Specification |
|---|---|
| Underlying Asset | MAX/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 MAX |
| Price Quotation | Price of 1 MAX in USDT |
| Minimum Price Movement | 0.00001 |
| Leverage Multiplier | 0.01x to 50x |
| Funding Rate Calculation | Clamp(MA([(Contract Best Bid + Best Ask) / 2 – Spot Index Price] / Spot Index Price – Interest), -0.75%, 0.75%); Interest = 0. Funding is paid/received periodically. |
| Trading Hours | 24/7 |
ONDOUSDT Perpetual Contract Specifications
Similar to the MAX contract, this instrument provides continuous exposure to ONDO price movements.
| Contract Element | Specification |
|---|---|
| Underlying Asset | ONDO/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 ONDO |
| Price Quotation | Price of 1 ONDO in USDT |
| Minimum Price Movement | 0.0001 |
| Leverage Multiplier | 0.01x to 50x |
| Funding Rate Calculation | Clamp(MA([(Contract Best Bid + Best Ask) / 2 – Spot Index Price] / Spot Index Price – Interest), -0.75%, 0.75%); Interest = 0. Funding is paid/received periodically. |
| Trading Hours | 24/7 |
Important Initial Launch Considerations
To mitigate the effects of potential premium instability common with new contract listings, a temporary funding rate cap was implemented. For the first approximately 36 hours after launch, the maximum funding rate was set at a reduced cap of 0.03%. Following this initial period, the cap was adjusted to the standard maximum of 1.50%. All other standard contract rules, including price limits and order types, align with the platform's existing USDT-margined perpetual contracts.
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Frequently Asked Questions
What are perpetual contracts?
Perpetual contracts are a type of futures contract with no expiration date, allowing traders to hold positions indefinitely. They use a funding rate mechanism to tether the contract price closely to the underlying spot index. This rate is exchanged periodically between long and short position holders.
How does leverage work in margin trading?
Leverage allows you to open a position larger than your initial capital by borrowing funds. For example, using 10x leverage, a $100 investment controls a $1,000 position. While this can magnify profits, it also significantly increases the risk of amplified losses, including the potential for liquidation if the market moves against your position.
What is Easy Earn?
Easy Earn is a suite of products that lets users earn potential interest on their digital assets. You can subscribe to flexible products for daily accruals with no lock-up period or choose fixed-term products for typically higher yields by committing your assets for a set duration.
What are the risks involved with these new products?
Both leverage trading and perpetual contracts carry a high risk of rapid financial loss due to market volatility. Easy Earn products are generally lower risk but are not principal-guaranteed and are subject to market and smart contract risks. It is crucial to understand all risks before participating.
Where can I find more detailed rules?
The official exchange website provides comprehensive documentation for each product. This includes detailed fee structures, liquidation mechanisms for leveraged products, and specific terms and conditions for Easy Earn subscriptions. Always refer to the latest official sources.
Why was there a special funding rate cap at launch?
Newly listed contracts can experience high volatility and price dislocation from their spot index. The temporary lower funding rate cap helps prevent excessively large funding payments for traders during this initial period of price discovery, promoting a more stable market onset.