To provide more trading options and enhance the user trading experience, Megabit will launch ELX/USDT perpetual futures on March 11, 2025, at 18:00 (SGT TIME). These Futures will offer up to 75x leverage.
Below are the details of the perpetual futures:
| USDT-Margined Perpetual Futures | ELX/USDT |
| Launch Time | March 11, 2025, at 18:00 (SGT TIME) |
| Underlying Asset |
Elixir(ELX) |
| Project Info |
Elixir is a blockchain project focused on DeFi and liquidity solutions. It aims to provide efficient liquidity support for DEXs, with its protocol's TVL exceeding $300 million. Additionally, the protocol has introduced a synthetic USD stablecoin called deUSD, which maintains stability through a "delta-neutral strategy" and captures yield via funding rates. deUSD is a yield-generating stablecoin, with returns coming from two sources: 1. Returns from traditional assets such as U.S. Treasury bonds. 2. Yield from funding rates (similar to USDe from Ethena). |
| Settlement Asset | USDT |
| Tick Size | 0.0001 |
| Price Precision | 0.0001 |
| Trading Fee Rate | maker:0.05% taker 0.05% |
| Capped Funding Rate | +3.0000%/-3.0000% |
| Funding Fee Settlement Frequency | Every 4 hours |
| Maximum Leverage | 75× |
| Trading Time | 7×24 |
- At launch, The maximum funding rate for the above perpetual futures will be +3%/-3%.
- The funding fee settlement frequency is every four hours.
- Based on market risk conditions, Megabit reserves the right to adjust futures parameters, including funding rates, minimum price increments, maximum leverage, initial margin, maintenance margin, and other critical parameters.
Risk Disclaimer
Cryptographic assets offer high growth potential but also come with significant market risks and volatility. We strongly recommend that users make investment decisions independently after fully understanding the risks involved and take full responsibility for their choices.
If you have any questions, please feel free to contact the official Megabit team.
Megabit Team
March 11, 2025
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