The cryptocurrency landscape continues to evolve, offering traders and investors more ways to engage with promising digital assets. In a significant move to expand its financial product suite, OKX has officially launched leveraged trading, savings services, and USDT-margined perpetual contracts for four high-potential tokens: MATIC, FLOW, SAND, and PERP. This enhancement empowers users with greater flexibility in portfolio management, risk hedging, and yield generation across multiple blockchain ecosystems.
These new offerings are now available on OKX’s web platform, mobile app, and API interface, ensuring seamless access for both retail and institutional users. Whether you're interested in short-term speculative plays or long-term investment strategies, this update positions OKX as a comprehensive hub for next-generation crypto finance.
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Expanded Financial Services: Leveraged Trading & Savings
OKX continues to strengthen its position as a leader in crypto financial innovation by introducing expanded services for MATIC, FLOW, SAND, and PERP. These include:
- Leveraged trading against USDT pairs
- Flexible savings options via the platform’s yield-bearing "余币宝" (Earnings Program)
Leveraged Trading Features
Users can now trade MATIC/USDT, FLOW/USDT, SAND/USDT, and PERP/USDT with leverage, enabling amplified exposure to price movements. The leverage structure follows a tiered margin system designed to balance risk and accessibility. While specific tier details are dynamically updated on the platform post-launch, traders can expect:
- Maximum leverage of up to 10x depending on position size
- Dynamic risk management aligned with market volatility
- Real-time margin monitoring and liquidation protection mechanisms
This tiered approach ensures that both conservative and aggressive traders can participate within a secure framework.
Earnings Program (Formerly “Yu Bibao”)
Holders of MATIC, FLOW, SAND, or PERP can now earn passive income through OKX’s flexible savings product. By depositing eligible tokens into the Earnings Program, users gain access to competitive annual percentage yields (APY), with funds remaining liquid and redeemable based on product type.
Key benefits include:
- Daily interest accrual
- No lock-up periods for flexible products
- Automatic compounding in some cases
Interest rates are subject to market demand and will be visible directly within the app upon launch. This feature is ideal for long-term holders seeking to optimize returns without selling their assets.
Perpetual Contracts Now Live: SANDUSDT & PERPUSDT
In addition to spot and leveraged trading, OKX has launched two new USDT-margined perpetual contracts: SANDUSDT and PERPUSDT. These instruments allow traders to take long or short positions with up to 75x leverage, making them powerful tools for hedging, speculation, and arbitrage.
SANDUSDT Perpetual Contract Specifications
- Underlying Index: SAND/USDT
- Settlement Currency: USDT
- Contract Value: 10 SAND per contract
- Price Quotation: Price of 1 SAND in USDT
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x – 75x
- Funding Rate Mechanism:
Clamp(MA(((Bid + Ask)/2 - Spot Index)/Spot Index - Interest), -0.75%, 0.75%), where Interest = 0 - Trading Hours: 24/7
PERPUSDT Perpetual Contract Specifications
- Underlying Index: PERP/USDT
- Settlement Currency: USDT
- Contract Value: 1 PERP per contract
- Price Quotation: Price of 1 PERP in USDT
- Tick Size: 0.001 USDT
- Leverage Range: 0.01x – 75x
- Funding Rate Mechanism: Same as above
- Trading Hours: 24/7
⚠️ Note on Initial Funding Rate Adjustment
To stabilize pricing during the initial phase, the funding rate cap was set at 0.03% until April 2, 2021, 24:00 HKT. After this period, it reverted to the standard maximum of 0.75%, with the first actual funding settlement occurring at 16:00 HKT on April 3, 2021.
All other trading rules—including order types, position limits, and liquidation procedures—align with existing USDT-margined perpetual contracts on OKX, ensuring a consistent user experience.
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Why These Assets? Market Context & Strategic Value
The inclusion of MATIC, FLOW, SAND, and PERP reflects growing investor interest in key sectors of the blockchain economy:
- MATIC (now POLYGON): A leading Layer-2 scaling solution for Ethereum, widely adopted for low-cost DeFi and NFT transactions.
- FLOW: The blockchain behind NBA Top Shot and other mainstream NFT projects, targeting mass consumer adoption.
- SAND: The utility token of The Sandbox metaverse, part of the booming virtual world and play-to-earn ecosystem.
- PERP: A decentralized derivatives protocol enabling peer-to-pool trading without order books.
By supporting these tokens across multiple financial products, OKX enables users to engage deeply with trends like Web3 gaming, decentralized finance (DeFi), and the metaverse—all from a single platform.
Frequently Asked Questions (FAQ)
Q: When did these services become available?
A: Leveraged trading, savings options, and perpetual contracts for MATIC, FLOW, SAND, and PERP went live on April 2, 2021, at 17:00 HKT across all OKX platforms.
Q: Can I use these tokens as collateral for other trades?
A: Yes, once deposited, MATIC, FLOW, SAND, and PERP can typically be used as margin or collateral for various trading activities on OKX, subject to platform rules and risk parameters.
Q: Are there any special fees for the new perpetual contracts?
A: Trading fees follow OKX’s standard maker-taker model. Users should check the latest fee schedule in their account settings for precise rates based on VIP level.
Q: How is the funding rate calculated for SANDUSDT and PERPUSDT?
A: The funding rate is derived from the difference between the perpetual contract price and the underlying spot index. It is capped between -0.75% and +0.75% under normal conditions.
Q: Is there a minimum amount required to open a perpetual contract position?
A: There is no fixed minimum; however, users must meet the initial margin requirement based on leverage and contract size. For example, one SANDUSDT contract represents 10 SAND.
Q: Can I earn interest on idle PERP or SAND tokens?
A: Yes! Through OKX’s Earnings Program (formerly “Yu Bibao”), users can deposit these tokens and earn daily interest with flexible withdrawal terms.
Seamless Integration Across Platforms
Whether you're using the OKX mobile app during your commute or analyzing charts on desktop, all new features are fully synchronized across devices. API traders also benefit from full support for these instruments, allowing algorithmic strategies to incorporate leveraged positions and perpetual contracts seamlessly.
This cross-platform consistency ensures that every user—regardless of technical expertise—can take advantage of the latest financial tools without friction.
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