Dear Users,
Picol will adjust the funding rate settlement frequency for the YGGUSDT USDT-M Perpetual Contract on August 7th, 2023, at 13:30 (UTC).
The detailed arrangements are as follows:
| Time (UTC) | Maximum Funding Rate |
| August 7th, 2023, 14:00 | +2.50% / -2.50% |
| August 7th, 2023, 16:00 | +2.50% / -2.50% |
| August 7th, 2023, 18:00 | +2.50% / -2.50% |
| August 7th, 2023, 20:00 | +2.50% / -2.50% |
| August 7th, 2023, 22:00 | +2.50% / -2.50% |
| …… | …… |
Please Note:
- The multiplier cap for the funding rate of the YGGUSDT USDT-M Perpetual Contract has been adjusted from 0.75 to 1.
- Starting from August 7th, 2023, 13:30 (UTC), the funding rate settlement frequency for the YGGUSDT USDT-M Perpetual Contract will change from once every eight hours to once every two hours.
- Due to excessive market volatility in the YGGUSDT USDT-M Contract, Picol will implement additional protective measures for the rules of the YGGUSDT USDT-M Perpetual Contract to safeguard user interests and mitigate risks during extreme market conditions. Please be aware of the risks.
Picol Team
August 7th, 2023