On December 2nd, 19:00 UTC, we will increase IMF to 20% for the following markets:
We are adjusting the initial margin fraction to better protect traders from liquidations as well as to keep in line with evolving industry standards. Maintenance margin requirements will remain unchanged. Open positions will remain unchanged, however, users with existing positions above 5x leverage will not be able to increase their positions. Happy Trading!
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.