Fellow Coinstorers,
Coinstore Futures will close all positions and conduct an automatic settlement on the MATICUSDT USDⓈ-M Perpetual Contracts. The automatic settlement will take the price at 2024-09-04 12:00 (UTC+8), which was 0.3900 UDST.
All MATIC positive balances in COIN-M Wallets under the futures account will be automatically retained in the future wallet.
All MATIC negative balances in COIN-M Wallets will conduct an auto-repayment process from the futures wallet after the settlement is complete.
In order to protect users and prevent potential risks in extremely volatile market conditions, Coinstore Futures may undertake additional protective measures toward the MATICUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.
4 Sep, 2024