OKX is excited to announce the launch of USDT-margined perpetual futures for three innovative cryptocurrencies: WAL (Walrus), NIL (Nillion), and PLUME (Plume). Trading will go live between 7:00 am and 7:30 am UTC on May 8, 2025, across all platforms, including web, mobile app, and API interfaces.
Listing Schedule
- WAL/USDT Perpetual Futures: 7:00 am UTC
- NIL/USDT Perpetual Futures: 7:15 am UTC
- PLUME/USDT Perpetual Futures: 7:30 am UTC
👉 Trade WAL, NIL, and PLUME perpetual futures with low fees and high liquidity
Overview of Listed Cryptocurrencies
1. WAL (Walrus)
Description: Walrus is a decentralized data storage network designed for large-scale media and text files, offering secure, distributed storage solutions.
Key Features of WAL Perpetual Futures:
| Parameter | Details |
|---|---|
| Underlying Index | WAL/USDT |
| Settlement Crypto | USDT |
| Face Value | 10 WAL |
| Leverage | 0.01–20x |
| Funding Rate | Clamped between ±1.5% (adjusted hourly) |
| Trading Hours | 24/7 |
2. NIL (Nillion)
Description: Nillion is a permissionless network enabling decentralized computation and storage for AI and blockchain applications.
Key Features of NIL Perpetual Futures:
| Parameter | Details |
|---|---|
| Leverage | 0.01–50x (higher than WAL/PLUME) |
| Tick Size | 0.0001 USDT |
| Funding Settlement | Every 4 hours |
3. PLUME (Plume)
Description: Plume is an EVM-compatible blockchain optimized for real-world asset (RWA) integration and adoption.
Key Features of PLUME Perpetual Futures:
| Parameter | Details |
|---|---|
| Funding Rate Limit | 0.5% cap initially (adjusts to 1.5% post-4:00 pm UTC) |
Trading Rules and Notes
- Price Limits: Follow standard OKX perpetual futures rules.
- Funding Rate Adjustments: New contracts have a temporary 0.5% cap until 4:00 pm UTC on May 8, 2025, to mitigate volatility risks.
- 24/7 Trading: All contracts support continuous trading.
👉 Explore advanced trading strategies for perpetual futures
FAQs
1. What are perpetual futures?
Perpetual futures are derivative contracts without expiry, using funding rates to anchor prices to the spot market.
2. How does leverage work for these contracts?
- WAL/PLUME: Up to 20x.
- NIL: Up to 50x.
3. When are funding fees charged?
Every 4 hours (e.g., 8:00 pm UTC on May 8 for the first settlement).
4. Are there trading restrictions for new listings?
No, but price limits and funding rate caps apply initially.
5. Where can I learn more about these cryptocurrencies?
Visit OKX’s educational resources for project whitepapers and guides.