In order to enhance the experience of contract insurance, CoinBene will upgrade the contract insurance product rules at 15:00 (GMT+8) on January 25, 2021. The following are the upgrade details:
After the upgrade is completed, the contract insurance compensation ratio will be implemented in accordance with the following rules：
|
Grades |
Cumulative use amount of insurance |
Compensation ratio |
|
1 |
0U<Cumulative use amount of insurance≤100U |
85% |
|
1 |
100U<Cumulative use amount of insurance≤500U |
80% |
|
2 |
500u<Cumulative use amount of insurance |
75% |
Among them, the cumulative use amount of insurance is the cumulative purchase amount of all insurance orders after the user has liquidated their positions. The amount of insurance orders that have not been liquidated or that have not passed the review are not included.
The Compensation formula is:
Compensation amount=2*Compensation ratio*MIN{The actual liquidation profit and loss, initial margin * liquidation quantity/opening quantity, initial insurance amount* liquidation quantity/opening quantity}
Precautions:
- When the user's insurance orders that have been liquidated have accumulated across grades, the orders will be paid according to the new gradecompensation ratio. For example, the insurance amount of the user's first liquidation order is 80U, the gradeis 1, and the compensation ratio is 85%, and the insurance amount of the second liquidation order is 50U, and the cumulative insurance usage amount is 130U, which has reached the second level, and the second order compensation ratio is 80%;
- The contract insurance has been purchased before the upgrade,theunliquidated position does not involve insurance compensation. If the position isliquidated after the upgrade of the new plan, the compensation will be paid according to the new plan; if the contract insurance has been purchased before the upgrade of the new plan and Where compensation is involved, the compensation shall still be paid in accordance with the original compensation plan;
- After the upgrade of the plan, everyone's quota will be reset. Each person has a single currency quota of 100U, a single day quota of 400U, and a cumulative purchase quota of 5000U. The compensation ratio of all users will be implemented in accordance with the new plan.
CoinBene
January 23, 2021