Gate.io Unified Account to Launch Tiered Borrowing Maintenance Margin Rate on June 11th
Dear Gate.io Users,
To strengthen the overall risk control of the Unified Account and to provide users with smaller capital volumes a better liquidation price level, reducing the risk of liquidation, Gate.io will officially launch the tiered borrowing maintenance margin rate on June 11th. The first batch of cryptocurrencies to apply the tiered maintenance margin rate includes USDT, USDC, BTC, ETH, and SOL (see the table below for a comparison of old and new maintenance margin rate requirements). Other currencies will continue to maintain their original single-tier borrowing maintenance margin rate requirements, with adjustments to be made in batches later.
| Coin | Old Debt Size Requirements (USD) | Old Borrowing Maintenance Margin Rate Requirement | New Debt Size Requirements (USD) | New Borrowing Maintenance Margin Rate Requirement |
|---|---|---|---|---|
| USDT | >0 | 10% | 0-0.5 million | 5% |
| 0.5-1 million | 6% | |||
| 1-2 million | 7% | |||
| 2-5 million | 8% | |||
| 5-10 million | 10% | |||
| 10-20 million | 15% | |||
| More than 20 million | 30% | |||
| USDC | >0 | 10% | 0-0.5 million | 5% |
| 0.5-1 million | 6% | |||
| 1-2 million | 7% | |||
| 2-5 million | 8% | |||
| 5-10 million | 10% | |||
| 10-20 million | 20% | |||
| More than 20 million | 30% | |||
| BTC | >0 | 10% | 0-0.5 million | 5% |
| 0.5-1 million | 6% | |||
| 1-2 million | 7% | |||
| 2-5 million | 8% | |||
| 5-10 million | 10% | |||
| 10-20 million | 15% | |||
| More than 20 million | 30% | |||
| ETH | >0 | 10% | 0-0.5 million | 5% |
| 0.5-1 million | 6% | |||
| 1-2 million | 7% | |||
| 2-5 million | 8% | |||
| 5-10 million | 10% | |||
| 10-20 million | 15% | |||
| More than 20 million | 30% | |||
| SOL | >0 | 10% | 0-0.5 million | 5% |
| 0.5-1 million | 6% | |||
| 1-2 million | 7% | |||
| 2-5 million | 8% | |||
| 5-10 million | 10% | |||
| 10-20 million | 15% | |||
| More than 20 million | 30% |
The new gradient-based calculation rule for the new borrowing maintenance margin is as follows:
Taking BTC as an example, suppose you have a debt of 20 BTC, and the current BTC index price for BTC is 100,000 USD. Then the maintenance margin requirement for this 20 BTC debt would be calculated as follows: 500,000 5% + 500,000 6% + 1,000,000 * 7% = 125,000 USD.
For more details on the calculation of the tiered borrowing maintenance margin rate, please refer to: Multi-Currency Margin Mode - About Margin and Terminology
For real-time parameters of the gradient-based borrowing maintenance margin rate for all cryptocurrencies, please refer to: Borrowing Rate and Loan Cap
For the query openAPI documentation on the real-time parameters of the gradient-based borrowing maintenance margin rate for all cryptocurrencies, please refer to: list loan margin tiers
This adjustment only affects the Unified Account business operations, and other business operations such as isolated position leverage and pledge lending are not affected by this adjustment.
Important Reminder!
If the USD value of your debt for a particular currency is lower than the tier corresponding to 10% of that debt size, your account’s maintenance margin rate will be increased at the time when the parameters officially take effect, meaning you have obtained a better liquidation price level.
If the USD value of your debt for a particular currency exceeds the tier corresponding to 10%, your account’s maintenance margin rate will be lowered at the time when the parameters officially take effect. Please closely monitor your account’s risk. If your account’s maintenance margin rate falls below 100%, it will trigger liquidation to bring it back to above 100%. If necessary, please be sure to reduce your account’s risk in advance. You can choose to deposit more assets, reduce debt size, or reduce contract positions.
If you have any questions, please contact your dedicated account manager, or send an email to institutional@gate.io.
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Gate.io Team
June 3, 2024
