What does perpetual trading mean?

Perpetual contracts are derivative contracts similar to futures that have no expiration date or settlement , allowing them to be held or traded for an indefinite amount of time. … Unlike futures, perpetual contracts trade close to the index price of the underlying asset due to perpetual funding rates.

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What are DeFi perpetual futures?

The DEFI/USDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral . Users will be able to select between 1-50x leverage. Please note: “DEFI” is a ticker representing “Decentralized Finance” and not the ticker of a separate token.

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What is DeFi index Binance?

DeFi index futures are tradable assets offered on Binance under the USDT-margined perpetual futures product line. … Thus, the DeFi index is designed to track the overall DeFi performance of cryptocurrencies available on Binance. Its value is calculated with a weighted average price of its components.23 Kas 2021

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What is DeFi prep?

DEFI-PERP tracks the price of a basket of Decentralized Finance coins , using a weighed average of the prices of KNC, MKR, ZRX, REN, REP, SNX, COMP, TOMO, RUNE, CRV, DOT, LINK, MTA, SOL, CREAM, BAND, SRM, SUSHI, SWRV, AVAX, YFI, UNI, WNXM, AAVE, BAL. Get exposure to 25 different coins with one future!

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