Binance Futures Will Launch BUSD-Margined AUCTION and UNI Perpetual Contracts with Up to 20X Leverage

Fellow Binancians,

Binance Futures will launch BUSD-margined AUCTION and UNI perpetual contracts with up to 20x leverage on 2022-08-05 02:45 (UTC) and 2022-08-05 03:00 (UTC) respectively. More details may be found in the table below:

BUSD-Margined Perpetual Contracts	AUCTIONBUSD	UNIBUSD
Launch Time	2022-08-05 02:45 (UTC)	2022-08-05 03:00 (UTC)
Settlement Asset	BUSD	BUSD
Face Value	1 AUCTION	1 UNI
Tick Size	0.001	0.001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	20x	20x
Trading Hours	24/7	24/7
Multi-Asset Mode	Supported	Supported

Please note:

AUCTIONBUSD and UNIBUSD perpetual contracts are BUSD-margined futures contracts that use BUSD as collateral. Users will be able to select between 1-20x leverage.
Based on market risk conditions, Binance may adjust the settings of these contracts from time to time.
The Multi-Asset Mode allows users to trade USDⓈ-M perpetual contracts across multiple margin assets. Users can use USDT as margin when trading BUSD-margined perpetual contracts.

Further information:

Thanks for your support!

Binance Team

2022-08-03

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