In order to improve the trading experience of contract users, CoinBene will begin to adjust the contract insurance payment mechanism at 11:00 (GMT+8) on December 1, 2020. The following are the adjustment details:
When the insured position is liquidated, the compensation formula: compensation amount=2*80%*MIN{ actual liquidation profit and loss, initial margin * liquidation quantity/opening quantity, initial insurance amount* liquidation quantity/opening quantity }. According to the compensation formula, the amount of liquidation and the profit and loss of liquidation will affect the amount of compensation, and the user's manual liquidation will cause the amount of liquidation and the opened position to be inconsistent, which will affect the final payment result.
Precautions:
Before the adjustment, the contract insurance that has been purchased or is being paid will still be paid according to the original compensation mechanism.
CoinBene
November 27, 2020