As of 25 Mar 2025 at 05:00 UTC, the Mark Method for NILUSDTH25 and REDUSDTZ25 were changed to Fair Price marking.
This was possible, as we have now constructed a robust index that represents the spot prices of NIL and RED.
NIL is now priced on the .BNILT index which incorporates NIL prices from Binance, Gate.io, MEXC, and Kucoin
RED is now priced on the .BREDT index which incorporates RED prices from Binance, Bybit, and Gate.io.
Please note that this also means Limit Down and Limit Up price protections have been removed.
If you have any questions, please contact Support.