Interdax is pleased to announce a continuously settled perpetual contract for UNI: UNI-PERP-USDT.
UNI-PERP-USDT is now available to trade with up to 100x leverage.
What is UNI?
UNI was introduced on September 17, 2020 as the governance token of the largest decentralised exchange on Ethereum, Uniswap.
The main use of the token is to vote on changes to the Uniswap protocol, where eventually only UNI token holders will make governance decisions. Users can earn UNI by staking tokens in certain pools, which is known as yield farming.
Trading UNI-PERP-USDT on Interdax
Interdax’s UNI perpetual contract is margined and settled in USDT. The contract specs for UNI-PERP-USDT can be found here.
The fee structure for UNI-PERP-USDT is the same as our other perpetual contracts: maker fees are 0.00% while taker fees are 0.05%.
To trade the UNI-PERP-USDT contract you will need to deposit USD Tether (USDT). Select USDT Perpetuals, then UNI-PERP-USDT from the instrument panel. To deposit USDT, click on the ‘Deposit’ on the top right-hand side (shown below):
Once you’ve selected UNI-PERP-USDT, the USDT balance will be displayed by the account panel on the top right-hand side.
After clicking on ‘Deposit’, your USDT address and deposit history will be shown. When sending USDT to Interdax, you’ll be able to trade the UNI-PERP-USDT contract with up to 100x leverage once the transaction has 12 confirmations.
More USDT Perpetuals to be Released Soon
Perpetuals for more crypto-assets (such as Avalanche’s AVAX token) will be released during October.
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