Since the current cost of hedging in the feature market is greater than 0.05%, and in order to bring users a better investment experience, Pionex decides to upgrade the rebalance mechanism and adjust the trading fees of Pionex Leveraged Tokens. The details are as follows:
- Rebalance mechanism upgrade
Within 24 hours, the "positive rebalance" of leveraged tokens (when the 3L leveraged tokens‘ rebalance is triggered by rise of underlying spot, or when the 1S and 3S leveraged tokens‘ rebalance is triggered by fall of underlying spot) will only be triggered once to reduce the risk.
Therefore, it may appear that the current leverages is less than the target leverages （2.2 x - 4.8x）. Please refer to the announcement for the calculation and more details of Pionex Leveraged Tokens: What are Pionex Leveraged Tokens
- Trading fees
The trading fees of Pionex Leveraged tokens will be adjusted:
- Basic customers
Maker —— 0.1% Taker —— 0.1%
- Vip customers
Maker —— 0.05% Taker —— 0.05%
The application requirement of VIP is the balance in Pionex > 20,000 USD.
After meeting the conditions, customers can apply for vip via email email@example.com.
- Market Maker
Maker —— 0.05%。 Taker —— 0.05%