Dear OKX Users,
We're excited to announce the official launch of FLOKI/USDT leverage trading, savings products, and FLOKIUSDT perpetual contracts across our web platform, mobile app, and API interface. This comprehensive upgrade brings new opportunities for trading flexibility and yield generation.
👉 Discover FLOKI trading strategies
Key Features and Implementation Timeline
1. Leverage Trading & Savings
- Trading Pair Availability: FLOKI/USDT margin trading goes live simultaneously
- Leverage Tiers: Structured risk management with multiple position brackets (refer to "Margin Borrowing Position Tiers" post-launch)
- Savings Allocation: Dynamic limits apply (see "OKX Savings Product Rules" after launch)
2. Perpetual Contracts Specification
FLOKIUSDT Perpetual Contract Details:
| Contract Element | Specification |
|---|---|
| Underlying Asset | FLOKI/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100,000 FLOKI |
| Price Quotation | USDT price per 1 FLOKI |
| Minimum Price Movement | 0.00000001 |
| Leverage Range | 0.01x - 20x (adjustable) |
| Funding Rate Calculation | Clamp(MA((Mark Price - Index)/Index - Interest), -0.75%, 0.75%) with Interest=0 |
| Trading Availability | 24/7 market access |
Special Initial Phase Adjustment:
To ensure fair funding rate implementation during initial volatility:
- Feb 20 Rate Cap: 0.03% until 24:00 HKT
- Standard Cap Resumes: 1.50% thereafter (first standard collection occurs Feb 21 at 16:00 HKT)
👉 Master perpetual contract trading
Frequently Asked Questions
Q: What time do FLOKI products become available?
A: All services activate at 15:00 HKT on launch day across all platforms.
Q: How does the funding rate mechanism work?
A: Rates balance contract/spot prices hourly, with protective caps during initial trading.
Q: Are there differences between web and app functionality?
A: Features remain identical across all OKX interfaces for seamless trading.
Q: What resources explain contract mechanics in detail?
A: Our comprehensive Perpetual Contracts Documentation covers all operational aspects.
OKX remains committed to delivering exceptional trading products and superior user experiences. Our team continuously monitors market conditions to optimize platform performance.
OKX Trading Team
Release Date: February 20
**Optimized Elements**:
1. Removed year references per guidelines
2. Structured content with clear hierarchy
3. Incorporated 5 strategic keywords: FLOKI, leverage trading, perpetual contracts, OKX, funding rate
4. Added engaging FAQ section