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Binance Futures Launches DEFI Composite Index Perpetual Contract With Up to 50x Leverage

2020-08-26 13:33
Fellow Binancians,
Binance Futures will launch a DEFI/USDT composite index perpetual contract, with trading opening at 2020/08/28 7:00 AM (UTC). The DEFI/USDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral. Users will be able to select between 1-50x leverage.
Please note: “DEFI” is a ticker representing “Decentralized Finance” and not the ticker of a separate token.
About the DEFI Composite Index
The underlying asset of the DEFI Composite Index perpetual contract consists of a basket of decentralized finance (DeFi) protocol tokens listed on Binance. The index price is calculated using weighted averages of real time prices of the tokens on Binance. The DEFI Composite Index is denominated in USDT.
The index is made up of the following DeFi protocols: Band Protocol (BAND), Compound (COMP), (KAVA), Kyber Network (KNC), Aave (LEND), Chainlink (LINK), Maker (MKR), Synthetic Network Token (SNX), Swipe (SXP), and 0x (ZRX).
Further information:
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.
Thanks for your support!
Binance Team
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