Dear OKX Users,
To enhance your trading experience, reduce transaction costs, and improve overall liquidity, OKX will adjust the TUSD discount rate for Cross-Currency Margin and Portfolio Margin modes on October 17, 2023, from 4:00 PM to 5:00 PM (UTC+8).
Key Adjustments
The updated discount rates for TUSD are as follows:
| Tier (USD) | Previous Discount Rate | New Discount Rate |
|---|---|---|
| 0–5,000,000 | 1 | 0 |
| 5M–10M | 0.975 | 0 |
| 10M–20M | 0.975 | 0 |
| 20M–40M | 0.95 | 0 |
| 40M–100M | 0.9 | 0 |
| >100M | 0 | 0 |
Understanding Discount Rates
Under Cross-Currency Margin and Portfolio Margin modes, assets in different currencies are collectively converted into USD-equivalent collateral. Due to varying market liquidity across currencies, OKX applies discount rates to balance risk exposure.
👉 Learn more about margin trading strategies
FAQ
Q1: Why is OKX adjusting TUSD discount rates?
A1: To optimize trading efficiency, reduce costs, and ensure competitive liquidity.
Q2: How will this impact my existing positions?
A2: Positions relying heavily on TUSD collateral may require additional margin post-adjustment.
Q3: Are other stablecoins affected?
A3: No—only TUSD rates are modified in this update.
Q4: When do the changes take effect?
A4: October 17, 2023, during the specified maintenance window.
Risk Reminder
Cryptocurrencies are innovative investment products with significant volatility. Assess risks thoroughly and invest prudently.
OKX remains committed to delivering superior products and services!
OKX Team
October 11, 2023
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### Keywords:
- OKX
- TUSD
- Discount Rate
- Margin Trading
- Cryptocurrency
- Liquidity
- Collateral
- Risk Management