Dear OKX Users,
We are pleased to announce the official launch of the DOOD-USDT Perpetual Contract on OKX’s web, mobile app, and API platforms, starting at 8:00 PM (UTC+8) on May 12, 2025. Below are the key details:
1. Trading Schedule
- Launch Time: May 12, 2025, 8:00 PM (UTC+8)
2. Contract Overview
Doodles (DOOD) is a next-generation narrative brand blending digital media, blockchain technology, and community-driven creativity. Its mission is to create the most engaging on-chain media brand globally.
| Contract Specification | Details |
|---|---|
| Underlying Asset | DOOD/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1,000 DOOD |
| Price Quotation | USD price per 1 DOOD |
| Minimum Price Movement | 0.000001 |
| Leverage Range | 0.01x – 50x |
| Funding Rate Formula | Clamped average premium index ± 0.05% (capped at ±1.50%) |
| Funding Fee Interval | Every 4 hours |
| Trading Hours | 24/7 |
Note: To mitigate volatility during launch, funding rate caps are temporarily set at 0.5% until May 13, 2025, 12:00 AM (UTC+8), after which standard caps (1.5%) apply. Adjustments may be made if price deviations occur.
👉 Explore DOOD trading strategies
FAQs
Q1: What is the funding rate mechanism?
A: The funding rate ensures contract price alignment with the spot market, calculated every 4 hours based on premium indices and interest rates.
Q2: How does leverage work for DOOD contracts?
A: Leverage ranges from 0.01x to 50x, allowing flexible risk management.
Q3: Are there trading limits?
A: Standard limit rules apply; refer to OKX’s perpetual contract documentation for details.
Why Trade DOOD on OKX?
- High Liquidity: Deep order books for seamless execution.
- Advanced Tools: Customizable leverage, hedging options, and real-time analytics.
- Transparent Fees: Competitive rates with no hidden charges.
OKX is committed to delivering innovative products and exceptional service. For more details, visit our official Help Center.
OKX Team
May 12, 2025
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