OKX to postpone adjusting discount rates for BETH
Due to increased market volatility, the discount rates adjustment for BETH originally scheduled at 6:00-8:00 am UTC on February 9, 2024 has been postponed. The new adjustment time will be 6:00-8:00 am UTC on February 12, 2024.
Specific adjustments are as follows:
| Asset | Before | After | ||
|---|---|---|---|---|
| Tier (USD) | Discount rate | Tier (USD) | Discount rate | |
| BETH | 0 ~ 2,000,000 | 0.95 | 0 ~ 1,000,000 | 0.8 |
| 2,000,000 ~ 4,000,000 | 0.85 | 1,000,000 ~ 2,000,000 | 0.75 | |
| 4,000,000 ~ 8,000,000 | 0.5 | 2,000,000 ~ 4,000,000 | 0.5 | |
| > 8,000,000 | 0 | > 4,000,000 | 0 | |
For original announcement, please check: OKX to adjust discount rates for BETH
Introduction to discount rates
In multi-currency cross margin mode and portfolio margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, the platform calculates their actual USD value based on a certain discount rate in order to balance market risks.
Learn more: Discount rate
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OKX team
February 8, 2024