OKX to list perpetual futures for PUFFER crypto
We are pleased to announce that USDT-margined perpetual futures for PUFFER will be enabled at 12:30 pm UTC on October 14, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
PUFFER/USDT perpetual futures trading will open at 12:30 pm UTC on October 14, 2024.
II. Perpetual futures trading
PUFFERUSDT perpetual futures:
Puffer Finance is a decentralised native liquid restaking protocol built on EigenLayer, and aims to simplify the process of native restaking, allowing anyone to run Ethereum proof-of-stake (PoS) validators and enhance their rewards.
Project name：Puffer Finance
Project ticker：PUFFER
Official website：https://www.puffer.fi/
Features | Details |
Underlying | PUFFER/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 PUFFER value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
III. Index weights and constituents
PUFFERUSDT perpetual futures:
Index constituents | Weightage |
Bybit | 42.85% |
Gate | 28.57% |
Kucoin | 28.57% |
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on October 14, 2024 is 0.03%. After 4:00 pm UTC on October 14, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 8:00 pm UTC on October 14, 2024.)
The price limit rules of PUFFER USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
October 14, 2024