Dear OKX Users,
OKX is pleased to announce the upcoming listing of EIGEN (Eigen). Key timelines are as follows:
Key Dates & Events
- Deposits Open: September 30, 8:15 PM (UTC+8)
- Call Auction Period: October 1, 1:00 PM – 2:00 PM (UTC+8)
- Spot Trading (EIGEN/USDT) Launch: October 1, 2:00 PM (UTC+8)
- Withdrawals Open: October 2, 6:00 PM (UTC+8)
👉 Learn more about Call Auctions
Project Overview: EigenLayer
EigenLayer is an Ethereum-based protocol introducing restaking functionality. It enables ETH stakers to secure multiple services simultaneously by restaking their assets, creating pooled security.
- Full Name: Eigen
- Ticker: EIGEN
- Contract Address:
0xec53bf9167f50cdeb3ae105f56099aaab9061f83
Pre-Launch Futures Contract: EIGEN Delivery Rules
1. Delivery Time
The futures contract will settle 3 hours after spot trading goes live. The settlement price is calculated between hours 2–3 post-listing. Note: Delivery times may adjust if the spot listing schedule changes.
2. Settlement Price
- Index Price: Weighted average from ≥3 major exchanges.
- Final Price: Arithmetic mean of OKX’s index price 1 hour before delivery. Adjustments may occur if price manipulation is detected.
Post-Delivery: Users with positions > $10,000 will face a 30-minute transfer restriction. Historical contract data remains available for download via OKX’s web portal.
⚠️ Risk Warning: Volatility may spike pre-delivery. Manage risk by:
- Reducing leverage
- Closing positions early
Liquidation losses are first covered by the Insurance Fund. Remaining losses trigger Auto-Deleveraging (ADL).
3. Delivery Fee
Current rate: 1% (subject to change; updates will be announced).
4. Price Limits
- Pre-Delivery: Orders must stay within ±15% of the 1-hour mid-price average.
- Final 60 Minutes: Orders restricted to ±5% of the index price.
FAQs
Q1: What is EigenLayer’s primary innovation?
A: It introduces restaking, allowing ETH stakers to secure multiple services simultaneously, optimizing capital efficiency.
Q2: How is the EIGEN futures settlement price determined?
A: It’s the average of OKX’s index price 1 hour before delivery, derived from ≥3 exchanges.
Q3: Are there trading restrictions post-delivery?
A: Yes. Positions > $10,000 face a 30-minute transfer freeze.
Q4: Can I download my futures trade history after delivery?
A: Yes, via OKX’s web-based "Order Center."
Q5: What happens if the Insurance Fund can’t cover liquidation losses?
A: ADL activates, closing profitable traders’ positions to offset losses.
Disclaimer: Digital assets are volatile and high-risk. Assess your risk tolerance and invest responsibly.
OKX is committed to delivering exceptional products and services.
OKX Team
September 30, 2024