Introduction
OKX has announced adjustments to the discount rates for LUNA tokens in cross-currency margin accounts, effective June 10, 2022. This update aims to enhance trading efficiency, reduce costs, and improve liquidity for users.
Key Adjustments
| Token | Previous Rate (0–$50K) | New Rate (0–$250K) | Updated Tiers ($) | Discount Rate |
|---|---|---|---|---|
| LUNA | 0.5 | 0.8 | 0–250K | 0.8 |
| 250K–500K | 0.7 | |||
| 500K–1M | 0.5 | |||
| >1M | 0 |
Understanding Token Discount Rates
In cross-currency margin accounts, assets denominated in different tokens can be collectively converted into USD-equivalent collateral. Due to varying market liquidity, OKX applies discount rates to balance risk exposure.
Example Scenarios:
BTC + ZRX Collateral:
- 1 BTC ($50K USD index) + 50K ZRX (rate = 0).
- Total USD value: 50,000 × 1 × 1 = $50,000.
USDT-Only Collateral:
- 11M USDT (1:1 USD peg).
Tiered calculation:
- 0–5M: 5M × 1 × 1 = $5M
- 5M–10M: 5M × 1 × 0.9 = $4.5M
10M: 1M × 1 × 0.8 = $0.8M
- Total: $10.3M USD.
FAQs
Q1: Why did OKX adjust LUNA’s discount rates?
A1: To optimize liquidity and reduce trading costs for users by aligning rates with current market conditions.
Q2: How do discount rates affect my margin account?
A2: Higher rates increase the USD value of collateral, potentially expanding borrowing capacity for leveraged positions.
Q3: Where can I find OKX’s full discount rate schedule?
A3: Refer to the official OKX Margin Trading Guide for detailed tiers.
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Conclusion
OKX’s proactive adjustments reflect its commitment to market-responsive trading solutions. Traders are encouraged to review their collateral composition to leverage these changes effectively.
For real-time updates, visit 👉 OKX’s official platform.