{"id":4344,"date":"2023-08-07T21:56:02","date_gmt":"2023-08-07T13:56:02","guid":{"rendered":"https:\/\/www.picol.com\/blog\/?p=4344"},"modified":"2023-08-07T21:56:02","modified_gmt":"2023-08-07T13:56:02","slug":"announcement-on-the-adjustment-of-the-funding-rate-settlement-frequency-for-the-yggusdt-usdt-m-perpetual-contract-en","status":"publish","type":"post","link":"https:\/\/www.picol.com\/blog\/en\/announcement-on-the-adjustment-of-the-funding-rate-settlement-frequency-for-the-yggusdt-usdt-m-perpetual-contract-en\/","title":{"rendered":"Announcement on the Adjustment of the Funding Rate Settlement Frequency for the YGGUSDT USDT-M Perpetual Contract"},"content":{"rendered":"\n<p>Dear Users,<\/p>\n\n\n\n<p>Picol will adjust the funding rate settlement frequency for the YGGUSDT USDT-M Perpetual Contract on August 7th, 2023, at 13:30 (UTC).<\/p>\n\n\n\n<p>The detailed arrangements are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Time (UTC)<\/td><td>Maximum Funding Rate<\/td><\/tr><tr><td>August 7th, 2023, 14:00<\/td><td>+2.50% \/ -2.50%<\/td><\/tr><tr><td>August 7th, 2023, 16:00<\/td><td>+2.50% \/ -2.50%<\/td><\/tr><tr><td>August 7th, 2023, 18:00<\/td><td>+2.50% \/ -2.50%<\/td><\/tr><tr><td>August 7th, 2023, 20:00<\/td><td>+2.50% \/ -2.50%<\/td><\/tr><tr><td>August 7th, 2023, 22:00<\/td><td>+2.50% \/ -2.50%<\/td><\/tr><tr><td>&#8230;&#8230;<\/td><td>&#8230;&#8230;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Please Note:<\/p>\n\n\n\n<ul><li>The multiplier cap for the funding rate of the YGGUSDT USDT-M Perpetual Contract has been adjusted from 0.75 to 1.<\/li><li>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.<\/li><li>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.<\/li><\/ul>\n\n\n\n<p>Picol Team<\/p>\n\n\n\n<p>August 7th, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Users, Picol will adjust the funding rate settleme &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.picol.com\/blog\/en\/announcement-on-the-adjustment-of-the-funding-rate-settlement-frequency-for-the-yggusdt-usdt-m-perpetual-contract-en\/\"> <span class=\"screen-reader-text\">Announcement on the Adjustment of the Funding Rate Settlement Frequency for the YGGUSDT USDT-M Perpetual Contract<\/span> \u67e5\u770b\u5168\u6587 &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4344"}],"collection":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/comments?post=4344"}],"version-history":[{"count":1,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4344\/revisions"}],"predecessor-version":[{"id":4345,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4344\/revisions\/4345"}],"wp:attachment":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/media?parent=4344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/categories?post=4344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/tags?post=4344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}