🚀 Binance Futures to Delist Four Perpetual Contracts
#Binance #Futures #PerpetualContracts #USDⓈM #BIDUSDT #DMCUSDT #ZRCUSDT #TANSSIUSDT #Delisting #Settlement #AutoSettlement #PositionManagement #MarginMaintenance #Liquidity #Volatility #InsuranceFund #ImmediateOrCancel #ADL #Leverage #FundingRates #MarketConditions
According to the announcement from Binance, the platform will close all positions and conduct an automatic settlement on USDⓈ-M BIDUSDT, DMCUSDT, ZRCUSDT, and TANSSIUSDT Perpetual Contracts at 2026-01-21 09:00 (UTC). Following the settlement, these contracts will be delisted. Users are advised to close any open positions before the delisting time to avoid automatic settlement. Starting from 2026-01-21 08:30 (UTC), users will not be able to open new positions for these contracts.
During the final hour leading up to the scheduled settlement time, the Futures Insurance Fund will not support the liquidation process for these contracts. Any liquidation triggered during this period will be executed as a single Immediate or Cancel order (IOCO), which will be offloaded into the market in one attempt. If the IOCO execution leaves sufficient assets in the user's account to meet the required Maintenance Margin, the liquidation will cease. However, if the IOCO fails to reduce the position to meet Margin Maintenance requirements, any unfilled portion will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to monitor and manage open positions during this final hour due to potential heightened volatility and reduced liquidity.
To protect users and mitigate risks in extremely volatile market conditions, Binance Futures may implement additional protective measures for these contracts without further notice. These measures could include adjusting maximum leverage, position value, and maintenance margin in each margin tier, updating funding rates, changing the price index constituents, and using the Last Price Protected mechanism to update the Mark Price.#Binance #Futures #PerpetualContracts #USDⓈM #BIDUSDT #DMCUSDT #ZRCUSDT #TANSSIUSDT #Delisting #Settlement #AutoSettlement #PositionManagement #MarginMaintenance #Liquidity #Volatility #InsuranceFund #ImmediateOrCancel #ADL #Leverage #FundingRates #MarketConditions
🚀 dYdX Foundation Initiates Vote on Insurance Fund Allocation
#dYdX #DAO #InsuranceFund #USDC #Crypto #Governance #Blockchain #DeFi #Voting #DYDX
The dYdX Foundation has announced the commencement of an on-chain vote regarding the approval of using the insurance fund to finance the DAO. According to PANews, the voting process is set to conclude on April 2, 2026, at 13:44 (UTC+8). The proposal suggests transferring 10 million USDC from the insurance fund to support the dYdX Operations subDAO, dYdX Foundation, and dYdX Treasury subDAO. This move aims to alleviate operational funding pressures caused by the decline in DYDX token prices. The proposal indicates that the current balance of the insurance fund is approximately $17 million, with $7 million retained as a buffer to sufficiently cover risks.#dYdX #DAO #InsuranceFund #USDC #Crypto #Governance #Blockchain #DeFi #Voting #DYDX
🚀 dYdX Foundation Approves Insurance Fund Allocation for DAO Support
#dYdX #DAO #insurancefund #USDC #subDAO #ecosystemdevelopment #governancesupport #communityvote #treasury #protocolsafety
The dYdX Foundation has announced the approval of community on-chain vote #372, which permits the use of the insurance fund to support the DAO. According to Foresight News, the proposal involves transferring 10 million USDC from the dYdX chain insurance fund to three different entities. Specifically, 2.5 million USDC will be allocated to the dYdX operations sub-DAO for operational funding, 5 million USDC will be transferred to the dYdX treasury sub-DAO as discretionary reserves, and 2.5 million USDC will be directed to the dYdX Foundation for ecosystem development and governance support. The insurance fund currently holds approximately 17 million USDC, with around 7 million USDC reserved as a protocol safety buffer.#dYdX #DAO #insurancefund #USDC #subDAO #ecosystemdevelopment #governancesupport #communityvote #treasury #protocolsafety