Superseed, the L2 blockchain designed for self-repaying loans, covers user loans using its own revenue streams. Unlike traditional DeFi platforms that rely solely on user contributions to manage loan repayments, Superseed automatically allocates platform-generated revenue to enable self-repaying loans. As the first blockchain to take this approach, Superseed introduces Supercollateral—a revolutionary concept that offers interest-free … Continued
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On November 14, HTX announced the upgrade of its Liquid Restaking to SmartEarn, bringing users a more flexible and convenient investment experience with a 6% annualized percentage yield (APY) on the assets in their Futures accounts. Unlike traditional investment models, SmartEarn features no entry requirement, no lockup period, and flexible redemption, allowing users to earn … Continued
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Binance Futures will launch the DEGENUSDT permanent contract, which offers up to 75x leverage and expands trading options for its users. The contract is available starting November 15, 2024.
Binance Futures will be expanding its trading options by introducing the DEGENUSDT permanent contract. This contract offers leverage up to 75x. This move, which is scheduled to launch at 11:30 UTC on November 15, 20,24, aims to improve the trading experience of Binance users.
DEGENUSDT Contract Features
The DEGENUSDT permanent contract was designed to offer traders a high leverage option. It is capped at +2.00%/-2.00%. The funding fees will be settled each four hours to allow traders to effectively manage their positions. The contract can be traded in the "Multi-Assets Mode," which allows trading of various margin assets including Bitcoin (BTC).
Risk Management and Adjustments
Binance stresses the importance of risk-management, noting that specifications of the DEGENUSDT Futures contract such as funding fees and tick size can be adjusted in accordance with market conditions. This flexibility is designed to protect users while maintaining market stability.
Compliance and User Responsibility
Binance's DEGENUSDT contract, like all other Binance products, is subject to Binance Terms of Service and Binance Futures Service Agreement. Binance encourages its users to assess their own risks and seek professional guidance if necessary, especially given the inherent risk associated with futures trading.
This contract is part of a larger trend where exchanges are providing more flexible and diverse trading instruments in order to meet the changing needs of cryptocurrency traders. Binance has further strengthened its position as a market leader by adding DEGENUSDT.
MEXC, one of the world’s top cryptocurrency exchanges, has officially launched its much-anticipated Ferrari Giveaway event, featuring the largest prize pool in the industry. With an impressive 10,000,000 USDT up for grabs, this event represents a major milestone for MEXC, reinforcing its commitment to delivering unmatched value and opportunities for its users. Participants will have … Continued
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Lisk, a leading Ethereum Layer 2 blockchain dedicated to empowering web3 builders in high-growth markets, is pleased to announce the launch of the Lisk Mainnet and the introduction of its Airdrop campaign, beginning on November 21st. This will be followed by an App Bounty Quest campaign launching by the end of the year. The first … Continued
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