In order to improve the trading experience of contract users, CoinBene will start to adjust the compensation mechanism of contract insurance at 18:00 (GMT + 8) on March 1, 2021
Grades |
The total amount of insurance used and the proportion of compensation |
Compensation ratio |
1 |
0U<accumulated insurance amount≤100U |
85% |
2 |
100U< accumulated insurance amount≤500U |
80% |
3 |
500u< accumulated insurance amount≤2000U |
75% |
4 |
2000U< accumulated insurance amount |
70% |
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 {profit and loss of actual burst, initial margin * burst quantity / open quantity, initial insurance amount * burst quantity / open quantity}
Tips:
- After this upgrade, the insurance purchase limit of all users will be reset, and the accumulated insurance use amount will be reset at the same time. For example, after the contract insurance is upgraded, the user can buy insurance again, and pay 85% after the 100USDTliquidation ;
- At the beginning of each month in the future, the insurance purchase limit of all users will be reset, and the accumulated insurance use amount will not be reset. That is, if the customer's position in April is 100 USDT, but the insurance position in March is 600 USDT, the total amount of position in April is 700 USDT , and the compensation ratio is 75%.
CoinBene
March 1, 2021