As of 11 September at 04:00 UTC, DeFiChain will be available to trade on BitMEX via a new listing – DFIUSDT, marking the first perpetual swap for the token listed in the market.
What is DeFiChain?
The DeFiChain (DFI) token is the token powering the DeFiChain project, a blockchain platform aimed at maximising the full potential of DeFi within the Bitcoin ecosystem. The project focuses on ensuring fast, transparent, and decentralised financial services such as lending, token wrapping, tokenisation, and more.
Further details of the DeFiChain project can be found here.
The arrival of the DFI listing on BitMEX means users can enjoy up to 4x leverage and one of the highest max position sizes in the industry.
For the lowdown on the new listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering 10,000 BMEX Tokens – you can register here.
DFIUSDT Contract Specs
DFIUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the DFI token and trade it with leverage, without needing to have DFI holdings.
Key contract details for our DFIUSDT token listing:
- Symbol: DFIUSDT
- Margin Currency: USDT
- Contract Size: 1 DFI
- Lot Size: 10
- Minimum Trade Amount: 10 DFI
- Underlying: .BDFIT
- Max Leverage: 4x
- Risk limit: 20,000 USDT
- Maker Fee: 0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 25.00%
- Base Maintenance Margin: 12.50%
- PnL Realisation: Not applicable
Additionally, with the reintroduction of our Legacy Maker Rebates for Tether – margined contracts, users can now receive a rebate of 0.02% when trading DFIUSDT.
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In the meantime, if you have any questions please contact Support who are available 24/7.