Dear Flipstars,
Please be advised that Flipster will update the leverage, max order amount and max open interest for OMG (OMGUSDT.PERP) and WAVE (WAVEUSDT.PERP) perpetual swap on the Flipster platform with effect from 3 June 2024 at 05:15 UTC:
OMG (OMGUSDT.PERP):
- Max Order Amount: From 100,000 USDT to 50,000 USDT
- Max Position Size: From 100,000 USDT to 50,000 USDT
- Max Open Interest: From 1,500,000 USDT to 300,000 USDT
WAVE (WAVEUSDT.PERP)
- Max Order Amount: From 200,000 USDT to 50,000 USDT
- Max Position Size: From 200,000 USDT to 50,000 USDT
- Max Open Interest: From 3,000,000 USDT to 300,000 USDT
- Max Leverage: From 25X to 20X
- Initial Margin Rate: From 4% to 5%
- Maintenance Margin Rate: From 1% to 2%
Users with existing positions may be affected by this change. It is strongly advised to close all OMG (OMGUSDT.PERP) and WAVE (WAVEUSDT.PERP) perpetual swap positions before the scheduled change. The scheduled change is expected to take approximately 10 minutes to implement.
Your support and feedback are valuable for enhancing our products and services. For any further information or queries please do not hesitate to contact us through our service request form.
Best Regards,
Team Flipster
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