Dear LBank users,
LBank Futures will increase the funding rate settlement frequency of BLZUSDT Perpetual Contract from every eight hours to every two hours starting from 2023-08-14 at 14:30 (UTC).
Notes:
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Capped Funding Rate = clamp (Funding Rate, -1 * Maintenance Margin Ratio, 1 * Maintenance Margin Ratio). For more on funding rate, please refer to Introduction to LBank Futures Funding Rates.
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Maintenance margin rate change will affect the funding rates of the USDⓈ-M YGGUSDT Perpetual Contract. For more details on funding rate, please refer to Introduction to LBank Futures Funding Rates.
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In order to protect the users and prevent potential risks in extremely volatile market conditions, LBank Futures may undertake additional protective measures toward the USDⓈ-M YGGUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
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