Announcement from Ouyi on the Launch of IP Leveraged Trading, Perpetual Contracts, and Simple Coin Earning

Dear Ouyi user: Ouyi will officially launch the IPUSDT perpetual contract on the web, app, and API at 6:00 PM (UTC+8) on February 13, 2025, and will also launch leveraged trading and simple coin earning on the IP at 12:00 PM (UTC+8) on February 14, 2025. The detailed rules are as follows: 1、 Leveraged trading and simple coin making *IP will synchronously open leveraged trading for USDT pairs *Please refer to the description of leverage borrowing position levels for the design of leverage gradient levels after going online *Please refer to the Ouyi Simple Coin Earning Business Rules for the simple coin earning limit after going online 2、 Perpetual contract Contract Introduction: Contract Elements | Details| Underlying Contract | IP/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 1| Price quotation | quote based on the USDT price of 1 IP| Minimum price change (Tick size) | 0.00001| Leverage | 0.01~50x| Funding fee | Clamp (MA ([(contract buy price+contract sell price)/2- spot index price/spot index price - Interest), -1.5%, 1.5%), where Interest is 0. Note: The payment of funding fees is made in the current period| Fee collection frequency (Funding interval) | 4 hours| Trading hours | 7 x 24 hours| Note: The premium when the new contract is launched is relatively unstable. To avoid unreasonable collection of funding fees, the upper limit of the funding fee rate will be calculated at 0.5% before 00:00 on February 14, 2025 (UTC+8). After 00:00 on February 14, 2025 (UTC+8), the upper limit of the funding fee rate will be adjusted back to the normal 1.5% [the actual collection time of funding fees for this period will be 4:00 am on February 14, 2025 (UTC+8)]. If there is a deviation in the price of this contract, the funding rate will be adjusted according to market conditions. In addition, the limit trading rules of IPUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT margin perpetual contract: Ouyi perpetual contract user agreement Ouyi will continue to provide you with better products and services! Ouyi team February 13th, 2025