WOO X will adjust WOO collateral ratio as below:
- Phase 1: 2023-02-06 01:00 UTC: The collateral ratio of WOO will change from 0.85 to 0.7
- Phase 2: 2023-02-08 02:00 UTC: The collateral ratio of WOO will change from 0.7 to 0.6
The effect on different trading modes as below:
- Spot: Spot trading for WOO will not be affected
- Spot-Margin: Users who use WOO as collateral to open Margin borrowed positions would be affected
- Futures: Users who use WOO as collateral to open PERP borrowed positions would be affected
Please prepare in advance and adjust your WOO and negative positions accordingly, and note that the collateral ratio change will directly affect the liquidation price.
We will provide more information and make announcements if there are any changes.
※ Note: Users should be aware of the associated risks before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.
WOO X Team