Decentralized perpetuals protocol Lighter has added weETH as an eligible collateral asset for perpetual contract trading on its platform, according to ChainCatcher. Under the new parameters, the platform will recognize 70% of weETH’s index value toward trading margin, applying a 30% haircut to the asset. Lighter also set a platform-wide cap of 1,000 weETH for collateral supply. With the change now in place, users can use weETH as margin to open perpetual futures positions on Lighter. The update expands the set of assets accepted for margin on the protocol while defining both valuation and supply limits for the newly supported collateral.
Decentralized perpetuals protocol Lighter has added weETH as a collateral asset for perpetual contract trading on its platform, according to ChainCatcher.
Under the updated rules, Lighter will count 70% of weETH’s index value toward trading margin, which amounts to a 30% haircut on the collateral asset. The protocol has also set a platform-wide cap of 1,000 weETH for collateral supply.
Following the adjustment, users can now use weETH as margin to open perpetual positions on Lighter.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
