BitWell’s Announcement on the Adjustment of the Discount Rate of the Cross Collateral for Perpetual Contracts (09.23.2021)

Dear users,

Due to the recent drastic fluctuations in market conditions, in order to reduce the risk of damage to perpetual users’ assets, BitWell will adjust the perpetual cross collateral discount rate on September 23, 2021 16:00 UTC time, with immediate effect.

After the adjustment, the discount rates for each token are as follows:

TokenDiscount Rates
BTC0.9
ETH0.9
LTC0.8
DOT0.6
WELL0.4
  • At present, the adjustment coefficient = 1 – discount rate, which may be adjusted according to the market situation in the future. Please pay attention to the latest announcement of the platform.
  • During the adjustment process, some of the pending orders may be automatically cancelled by the system due to the adjustment of spot assets, so please make the corresponding arrangements in advance.
  • In order to prevent the explosion of positions caused by market fluctuations, please make the corresponding arrangements in advance. You may cancel your orders, increase your margin, or close your positions in advance before upgrading.

Thank you for your support of BitWell!

BitWell Team
2021/09/23



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