Dear BYDFi User,

We are pleased to inform you of an upcoming upgrade to our perpetual contract trading system, scheduled for November 27 at 14:00 (UTC+8). During this period, contract trading will be temporarily suspended. Open positions will remain unaffected.

We recommend you to manage your orders in advance to minimize any impact on your trading activities.
Additionally, users are required to update the app via App Store to avoid affecting their trading experience.

This upgrade will bring several new features and improvements:

1. Adjusted Liquidation Trigger: Liquidation will now occur based on the margin ratio, offering clearer conditions.
2. Separate Liquidation Fees: Liquidation Fee will be accounted independently from trading profits and losses.
3. Enhanced Fund Utilization: Unrealized profits and losses from cross margin positions can now be used to open new positions, increasing overall fund efficiency.
4. Historical Position Records: A history section for positions will now display total P&L.
5. Cross Margin Position Updates: Maintenance margin and position margin will now adjust in real-time based on the mark price.

Thank you for your support and understanding as we work to enhance your experience on BYDFi. If you have any questions, please don’t hesitate to reach out to our support team.

BYDFi Team

2024/11/06