Huobi Global to Adjust the Parameters of Cross Margin Trading for WAVES

Dear Valued Users,

Huobi Global will adjust the margin parameters of cross margin trading for WAVES token from 01:00 to 02:00 (UTC) on August 9, 2022. After the adjustment, WAVES cannot be used as collateral for margin loans but it is still loanable for trades. The new parameters will come into effect at 02:00 (UTC) on August 9, 2022.

The adjustment details are as follows:

Before Adjustment

Token

Margin Adjustment Factor

Margin Limit

Position Limit

WAVES

1

6,900

20,700

After Adjustment

Token

Margin Adjustment Factor

Margin Limit

Position Limit

WAVES

0

0

13,800

Key Phrases Explained

Margin Adjustment Factor

Tokens need to be multiplied by this factor when they are used as collateral.

Margin Limit

The maximum amount of tokens to be used as collateral.

Position Limit

The maximum allowable amount of tokens in calculating the risk ratio.

 

Huobi Global

August 8, 2022

 

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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.