As of January 14, 2022 6:00 UTC, the maximum initial leverage available to BTC and ETH markets will be reduced to 20x from 25x. This means that initial margin requirements for these markets will be increased to 5% from 4%.
We are adjusting the maximum initial leverage to better protect traders from liquidations as well as to keep in line with evolving industry standards.
Maintenance margin requirements will remain unchanged.
Are open positions affected?
Since maintenance margin requirements remain unchanged, liquidations for users with open positions will remain unaffected.
Accounts that are greater than 20x levered, however, will need to reduce their leverage to sub 20x prior to being able to add new or increase existing positions.
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.