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Derify ProtocolDerify Protocolby0x80621a3809F64D6620875706d61cbcfDa57C677c0x8062…677c

007. Adjust the system maximum leverage to 30X

Voting ended over 3 years agoSucceeded

The current maximum leverage of the system (BTC/BUSD, ETH/BUSD) is 10X, and the proposal aims to adjust it to 30X

Pro

  1. The APY of position mining will increase by 3 times
  2. Capital efficiency goes up. The same margin can support more positions, and it is easier to increase the system position volume and trading volume

Con

  1. High-leverage users are more likely to trigger liquidation. The margin rate of 30X leverage is 3.33%. When the margin rate reaches 3%, it will trigger automatic deleveraging. Advanced position management capability is mandatory
  2. System risk control is more challenging. Big market fluctuations can trigger serial liquidation, resulting in system net loss, insurance pool depletion and even bond issuance

Off-Chain Vote

Agree to adjust
7.39M eDRF99.9%
Disagree to adjust
9K eDRF0.1%
Download mobile app to vote

Discussion

Derify Protocol007. Adjust the system maximum leverage to 30X

Timeline

Oct 20, 2022Proposal created
Oct 20, 2022Proposal vote started
Oct 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated