OKX is excited to announce the upcoming launch of IPUSDT Perpetual Contracts, Leverage Trading, and Easy Earn features for the IP token. This expansion provides traders and investors with more versatile tools to engage with the IP market.
The IPUSDT Perpetual Contract will officially launch on February 13, 2025, at 18:00 (UTC+8), available across web, mobile app, and API interfaces. Leverage trading and Easy Earn for IP will then go live on February 14, 2025, at 12:00 (UTC+8).
Leverage Trading and Easy Earn Features
Leverage trading for the IP/USDT pair will be available starting February 14. Users can open leveraged positions to amplify potential gains. Specific leverage tiers and borrowing rates will be detailed in official announcements upon launch.
The Easy Earn feature allows users to earn interest on their IP holdings through flexible or fixed-term products. Details regarding participation limits and annual percentage yield (APY) will be provided in the updated Easy Earn section.
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IPUSDT Perpetual Contract Specifications
The IPUSDT Perpetual Contract is a USDT-settled derivative product. Key contract details are summarized below:
| Contract Element | Specification |
|---|---|
| Underlying Asset | IP/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 IP |
| Price Quotation | USDT price for 1 IP |
| Minimum Price Movement | 0.00001 |
| Leverage Level | 0.01x to 50x |
| Funding Fee Calculation | Clamp(MA([(Mark Price – Spot Index Price) / Spot Index Price – Interest]), -1.5%, 1.5%); Interest = 0 |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Key Notes on Funding Rates
To ensure fairness during initial trading, a reduced funding rate cap of 0.5% will be in effect until February 14, 2025, 00:00 (UTC+8). After this time, the standard cap of 1.5% will apply. The first funding fee under the standard cap will be charged at 04:00 (UTC+8) on February 14.
OKX reserves the right to adjust funding rates in cases of significant market anomalies. All other trading rules align with standard USDT-margined perpetual contracts.
Frequently Asked Questions
What is an IP Perpetual Contract?
An IP Perpetual Contract is a derivative product that allows traders to speculate on the future price of IP without an expiry date. It is settled in USDT and uses a funding rate mechanism to keep the contract price aligned with the spot index.
How does leverage trading work for IP?
Leverage trading enables users to borrow funds to open larger positions than their initial capital would allow. This can magnify both profits and losses, so understanding risk management is crucial before participating.
What is the Easy Earn feature?
Easy Earn is a passive income product that lets users deposit their IP tokens into flexible or fixed-term savings products to earn interest over time. Rewards are distributed regularly according to the product’s terms.
Are there risks involved with perpetual contracts?
Yes, perpetual contracts carry significant risk due to leverage and market volatility. Traders should be familiar with concepts like funding rates, liquidation levels, and margin requirements before trading.
Where can I learn more about trading rules?
For detailed information on contract specifications, fee structures, and risk disclosures, users can refer to the official help center and perpetual contracts user agreement.
OKX remains committed to delivering high-quality, secure, and innovative financial products. We encourage users to stay informed through official channels and practice responsible trading.