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OKX to adjust discount rates for TUSD

Published on Oct 11, 2023Updated on Apr 4, 20242 min read

OKX will adjust the discount rates for TUSD in the multi-currency margin mode and portfolio margin mode. The adjustment will take place at 8:00 am – 9:00 am UTC on October 20, 2023.
 
Specific adjustments are as follows:

Asset Before After
Tier (USD) Discount rate Tier (USD) Discount rate
TUSD 0~5,000,000 1 0~5,000,000 0
5,000,000~10,000,000 0.975 5,000,000~10,000,000 0
10,000,000~20,000,000 0.975 10,000,000~20,000,000 0
20,000,000~40,000,000 0.95 20,000,000~40,000,000 0
40,000,000~100,000,000 0.9 40,000,000~100,000,000 0
>100,000,000 0 >100,000,000 0

Introduction to discount rates
In multi-currency margin mode and portfolio margin mode, different crypto in cross-margin positions can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each crypto, the platform calculates their actual USD value based on certain discount rates in order to balance market risks.
Learn more: Discount rates
 
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OKX
October 11, 2023