Announcement from Ouyi on the official launch of GPS perpetual contract

Dear Ouyi user: Ouyi will officially launch the GPSUDT perpetual contract on March 4, 2025 at 8:00 PM (UTC+8) on the web, app, and API. The detailed rules are as follows: 1. Opening time *GPSUDT contract trading opening time: 8:00 PM on March 4th (UTC+8) 2. Contract Introduction GPSUDT perpetual contract: GoPlus is building an open, permissionless, user driven modular Web3 user security layer designed to integrate with any blockchain network. *English full name: GoPlus Security *English abbreviation: GPS *Project official website: https://(gopluslabs.io)/ *Twitter: https://(x.com)/GoPlusSecurity Contract Elements | Details| Underlying Contract | GPS/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 10| Price quotation | quote based on 1 GPS USDT price| Minimum price change (Tick size) | 0.00001| Leverage | 0.01~20x| 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 March 5, 2025 (UTC+8). After 00:00 on March 5, 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 March 5, 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 GPSUDT 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 March 4th, 2025