๐จ $TAC TRADERS IMPORTANT UPDATE BEFORE 19:00๐จโผ๏ธ
TAC Perpetual has already adjusted its price-protection mechanism ahead of tonightโs 19:00 settlement window.
This is NOT simply an index-price issue.
The real problem is that TAC spot prices across different exchanges have become heavily distorted, creating an unusually wide spread.
โ ๏ธ Because of this, the funding-rate cap has been slashed from ยฑ2% to just ยฑ0.005%.
That is a MASSIVE adjustment.
If you currently have a TAC position open, do not treat this like a normal perpetual contract tonight.
Extreme spreads + pricing protection changes can create very abnormal price behavior.
Manage leverage and risk aggressively.
$TAC
#TAC
TAC Perpetual has already adjusted its price-protection mechanism ahead of tonightโs 19:00 settlement window.
This is NOT simply an index-price issue.
The real problem is that TAC spot prices across different exchanges have become heavily distorted, creating an unusually wide spread.
โ ๏ธ Because of this, the funding-rate cap has been slashed from ยฑ2% to just ยฑ0.005%.
That is a MASSIVE adjustment.
If you currently have a TAC position open, do not treat this like a normal perpetual contract tonight.
Extreme spreads + pricing protection changes can create very abnormal price behavior.
Manage leverage and risk aggressively.
$TAC
#TAC