Dear ApolloX,
ApolloX upgraded its Multi-Assets Mode on August 02 2022 (UTC) to support cUSDT and vUSDT as margin assets. Users can now use cUSDT, vUSDT, USDC, BNB, ETH, CAKE, BUSD & USDT as the margin assets for Multi-Assets Mode.
What is vUSDT and cUSDT:
Venus USDT (vUSDT) is a cryptocurrency that operates on the BNB Smart Chain (BEP20). Venus Protocol is a decentralized finance (DeFi) money market protocol that enables users to supply cryptocurrencies on its platform to increase market liquidity while earning APY rewards.
* By using vUSDT as collateral, users could earn interest of their USDT on Venus and trade futures on ApolloX at the same time.
However, remember that vTokens determine the Borrow Limit of your wallet, which means transfer of vTokens could lead to liquidation scenarios on Venus.
Please make sure you understand the risk and have enough vTokens left in your wallet if you have borrowed any tokens.
Compound USDT (cUSDT) is an ERC-20 token issued by the Compound protocol, built on the Ethereum blockchain. Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
Please note:
- The Single-Asset Mode will be enabled by default and users will have to enable Multi-Assets Mode manually.
- If there are open positions or open orders in Futures, Multi-Assets Mode cannot be activated.
- Please switch all open positions to Cross Margin Mode before enabling the Multi-Assets Mode.
- 5% of cUSDT, vSUDT, CAKE and BNB will be burned during auto-exchange; 2.5% of ETH will be burned during auto-exchange; 0.01% of USDC,USDT and BUSD will be burned during auto-exchange.
- The collateral value of CAKE, BNB and ETH in the user's futures account is calculated according to the real-time price index.
- Currently, for Ethereum-based assets, ApolloX supports deposits and withdrawals for ERC20 network. For BNB assets, Apollox supports deposits and withdrawals for BEP20 network.
- ApolloX CEX platform does not support the deposit, withdrawal and joint margin function of cUSDT & vUSDT. Users are welcome to experience the functions on ApolloX DEX.
Currently, the Multi-Assets Mode supports the following:
|
Assets |
Limit |
Margin Value |
|
USDT |
No Limit |
99.99% |
|
BUSD |
No Limit |
100% |
|
CAKE |
5,000 |
90% |
|
USDC |
10,000,000 |
99.99% |
|
BNB |
1,000 |
95% |
|
ETH |
70 |
95% |
|
cUSDT |
500,000 |
95% |
|
vUSDT |
500,000 |
95% |
For more information, please refer to the following:
- Leverage and Margin for USDⓈ-M Perpetual Futures Contracts
- ApolloX Futures Transaction Fees
- Multi-Assets Mode
- More information
Stay tuned for more perpetual contracts to be launched!
To download the ApolloX trading application, please click here.
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Risk Reminder: Crypto trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.