OKX Introduces USDT-Margined Perpetual Futures for GRIFFAIN and ZEREBRO
OKX is introducing USDT-margined perpetual futures for two AI-focused cryptocurrencies, GRIFFAIN and ZEREBRO. The listings are scheduled for December 27, at 07:00 a.m. UTC for GRIFFAIN and 07:15 a.m. UTC for ZEREBRO. Updates will be available on both the web and app interfaces, including the API.
GRIFFAIN is described as an AI agent platform that allows users to create personalized AI agents to execute ideas by interacting within its network. Traders can utilize up to 50x leverage on GRIFFAIN perpetual futures, with settlements in Tether. OKX stated:
“Griffain is an AI agent platform that transforms user intentions into actionable outcomes by engaging with AI agents. Users have the ability to create personalised AI agents and leverage Griffain's network.”
ZEREBRO aims to produce, distribute, and analyze content across decentralized and social media platforms. Its autonomous system provides innovative tools for content creation and management. Similar to GRIFFAIN, users can use up to 50x leverage on ZEREBRO perpetual futures, also settled in USDT.
Funding Fee Adjustments to Mitigate High Volatility
Both cryptocurrencies feature contracts with a face value of 10 units and pricing increments of 0.0001 USDT. To address potential high fees from price volatility, OKX will limit the funding fee for both futures to 0.03% until December 27, 4:00 p.m. UTC. After this period, it will revert to the standard rate of 1.5%, charged at 8:00 p.m. UTC the same day. The exchange stated:
“To avoid unreasonable fees arising from significant premium fluctuations of newly launched futures, the upper limit of the funding fee before 4:00 pm UTC on December 27, 2024 is 0.03%. After 4:00 pm UTC on December 27, 2024, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on December 27, 2024.)”
OKX Expands Offerings with New Staking and AI-Themed Crypto Futures
The price limits for ZEREBRO and GRIFFAIN USDT perpetual futures adhere to existing rules for other currencies. OKX encourages users to consult its perpetual futures trading guides for further insights. The addition of these futures responds to the rising interest in AI-themed crypto assets.
OKX has expanded its user base, recently surpassing 2 million users, as revealed in a video on X. Additionally, it has launched OKSOL, a liquid staking token for Solana, allowing users to stake while retaining liquidity. Users receive OKSOL at a 1:1 ratio for staked SOL, enabling them to earn rewards while maintaining flexibility. OKSOL can serve as collateral, be traded, or be used in DeFi strategies, with the underlying SOL securely staked.