Dear Valued BTSE Users,
Effective January 24, 2024, we will be adjusting the collateral ratio mechanisms within BTSE’s multi-asset collateral function. Notably, the collateral ratio (haircut) percentage, which is a risk management tool used to determine the borrowing value of your assets, will now be determined based on the collateral’s USDT value rather than the token amount.
Additionally, we’ve updated the list of tokens eligible for use as collateral.
Newly added: Aptos (APT), Arbitrum (ARB), BNB (BNB), Chiliz (CHZ), (dYdX) DYDX, Enjin Coin (ENJ), First Digital USD (FDUSD), The Graph (GRT), Lido DAO (LDO), Maker (MKR), NEAR Protocol (NEAR), Optimism (OP), The Sandbox (SAND), Shiba Inu (SHIB), Synthetix (SNX), and Sui (SUI).
Removed: TrueUSD (TUSD) (Note: Any remaining TUSD in your futures wallet will be automatically transferred to your spot wallet when this update is implemented.)
This update aims to optimize risk control, particularly when a large amount of altcoins are used as collateral, and to ensure a smoother and more efficient trading experience for all our users.
For more details on this change and how it may affect your trading decisions, please refer to the table below:
Should you need any clarification or assistance, please do not hesitate to reach out to our dedicated support team at support@btse.com.
Thank you for being an integral part of the BTSE community. We look forward to continuing to serve you and meet your trading needs.
Warm regards,
The BTSE Team
Note: BTSE reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on X @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
