Announcement from Ouyi on the official launch of BR perpetual contract

Dear Ouyi user: Ouyi will officially launch the BRUSDT perpetual contract on the web, app, and API at 4:00 pm (UTC+8) on March 21, 2025. The detailed rules are as follows: 1. Opening time *BRUSDT contract trading opening time: 4:00 PM on March 21st (UTC+8) 2. Contract Introduction BRUSDT perpetual contract: Bedrock is a multi asset liquidity re staking protocol that pioneered Bitcoin staking through uniBTC. As a leading BTC liquidity staking token, uniBTC allows holders to earn rewards while maintaining liquidity, unlocking new revenue opportunities in the $1 trillion Bitcoin market. With its innovative approach of BTCFi 2.0, Bedrock is redefining the role of Bitcoin in DeFi. *English full name: Bedrock *English abbreviation: BR *Project official website: https://www.bedrock.technology/ *Twitter: https://(x.com)/Bedrock_DeFi Contract Elements | Details| Underlying Contract | BR/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 10| Price quotation | quote based on USDT price of 1 BR| Minimum price change (Tick size) | 0.0001| 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 22, 2025 (UTC+8). After 00:00 on March 22, 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 22, 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 the BRUSDT 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 21, 2025