English
中文
日本語
한국어
русский
Türkçe
Français
Português
Español

YFI, 1INCH now live

Product
Product
markets-03
Product
Product

Alongside our most recent announcement for SOL and SUSHI Perpetuals, we saw user activity on our Layer 2 product surge. As we close in on $500m in overall trading volume and over 10,000 trades on Layer 2, we are excited to launch two additional Perpetuals, which are available now to eligible traders outside of the United States.

Over the upcoming months, we plan to add 1-2 additional markets every week from sectors such as decentralized finance (DeFi), emerging Layer 1 blockchains, and so on. To learn about our plans and for the most recent updates regarding dYdX, join us on Discord and Twitter.

📜 Contract Specs

YFI-USD

  • Underlying market: YFI–USD

  • Margin/settlement asset: USDC

  • Tick size: $1.0000 USD

  • Minimum order size: 0.001 YFI

  • Quantity step: 0.0001 YFI

  • Expiry: Perpetual (no expiration)

  • Maximum leverage: 10×

  • Initial margin requirement: 10.00%

  • Maintenance margin requirement: 5%

  • Fees: See here for latest perpetual trading fees on dYdX.

  • Mark price for liquidations: The index price, given by Chainlink's Layer 2 YFI-USD price feed.

  • Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.

  • Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.

  • Trading hours: 24 x 7 x 365

1INCH-USD

  • Underlying market: 1INCH–USD

  • Margin/settlement asset: USDC

  • Tick size: $0.0010 USD

  • Minimum order size: 1.000 1INCH

  • Quantity step: 0.1 1INCH

  • Expiry: Perpetual (no expiration)

  • Maximum leverage: 10×

  • Initial margin requirement: 10.00%

  • Maintenance margin requirement: 5%

  • Fees: See here for latest perpetual trading fees on dYdX.

  • Mark price for liquidations: The index price, given by Chainlink's Layer 2 1INCH-USD price feed.

  • Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.

  • Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.

  • Trading hours: 24 x 7 x 365


About dYdX

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.