Dear BYDFi Users,

To enhance the trading experience on our platform, we have fully upgraded the perpetual contract trading system.

This upgrade introduces the following 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!

BYDFi Team

2024/11/27