Dear ApeXers,
As we move ever closer to ApeX Pro's mainnet launch date, here are some improvements and new features we've rolled out today based on user feedback during our Beta launch period:
(1) Increased Risk Limits
Risk limits for all available perpetual contracts on ApeX Pro have been increased based on the trader's contract Position Value. It will be adjusted according to this formula:
- Position Value = Oracle Price * Position Size
Each contract's Position Value will be tabulated and the corresponding Maintenance Margin Rate (MMR), Initial Margin Rate (IMR) and Maximum Position Leverage will be provided accordingly.
(2) Tiered Maintenance Margin Rates
Based on the above updates and zooming in onto MMR specifically, the MMR's corresponding Position Value typically directly determines the liquidation price of an order. However, under cross-margined perpetual contracts, when the MMR changes as a result of changes in Position Value, each contract's liquidation price will be affected.
Check out all the tiers here:
(3) Custom Setting Preferences
On desktop, we've added more color and setting preferences so you can customize the way ApeX Pro looks for better usability. You can select:
- New or Classic Versions, with the New Version set as default
- On the candlestick charts, set green to represent price increases and red for price decreases, or vice versa
Do note that you can mix and match the available options, but your desktop settings for ApeX Pro will not affect your settings on the App.
