Update on 2021-06-11
AscendEX is launching new perpetual futures contracts for FILUSDT, FTTUSDT, and ETCUSDT on June 14, 1:00 p.m. UTC on Web, App and API. The FILUSDT, FTTUSDT, and ETCUSDT perpetual futures contracts are denominated and settled in USDT with up to 50x leverage.
AscendEX accepts FIL, FTT and ETC as the multi-collateral assets for perpetual futures contracts. You can deposit FIL, FTT and ETC in your futures account to be used as collateral when trading USDT-margined Futures, besides USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT, XRP, BNB, MATIC, TRX and ADA.
FIL, FTT and ETC are discounted when used as collateral with the discount factor of 0.8, in other words, a haircut of 20% will be applied. For example, if FIL prices at 70 USDT, a user deposits 1 FIL in his/her Futures account and only 56 USDT worth of FIL will be used as collateral for calculation of initial margin rate and maintenance margin rate.
For details please view:
Thank you for the continued support!
The AscendEX Team