Dear Traders,
Due to the volatility and UST de-pegging, WOO X is making some adjustments to how LUNA can be used. WOO X will monitor the situation, such as the instability of the LUNA market price and network congestion, which might prevent traders from properly managing their positions.
For details of adjustments, please check the full information below:
- The collateral ratio of LUNA has been modified from 0.8 to 0.6.
- The Futures IMR factor of LUNA has been modified from 0.000001 to 0.00001858.
- The collateral ratio will be further lowered to 0.3 at 06:00 AM (UTC) on May 12, 2022.
- LUNA will be removed as collateral at 04:00 AM (UTC) on May 13, 2022 during the system upgrade.
|
IMR-factor |
LUNA-PERP (Before) |
LUNA-PERP (After) |
|
|
0.000001 |
0.00001858 |
||
Threshold notional |
1X |
15,848,932 |
475,494 |
|
2X |
6,898,648 |
206,971 |
|
|
3X |
4,240,865 |
127,233 |
|
|
5X |
2,297,397 |
68,926 |
|
|
10X |
1,000,000 |
30,002 |
|
|
20X |
435,275 |
13,059 |
|
|
LUNA Collateral ratio |
Now |
May 12th |
May 13th |
|
|
0.6 |
0.3 |
0 |
||
Note: Make sure you have removed the negative amounts or positions and repaid the interest of LUNA before the collateral function of LUNA has been disabled. You will not be able to withdraw, and interests will be charged if there’s a remaining negative amount of LUNA.
Please prepare in advance and adjust your LUNA positions accordingly to avoid any accidents. The system will automatically execute actions such as liquidation and canceling orders at the specified time. Further announcements will be made once we have further adjustments to LUNA, or the network stabilizes.
※ Note: Users should be aware of the associated risks before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.
WOO X Team