The cryptocurrency landscape continues to evolve rapidly, and leading digital asset platforms are expanding their offerings to meet growing demand. OKX, a globally recognized platform for digital asset trading, has significantly enhanced its product suite by introducing new financial instruments for several high-potential blockchain assets: MATIC, FLOW, SAND, and PERP.
Starting April 2, 2021, at 17:00 HKT, OKX officially launched leveraged trading, savings services via Earn (formerly "Yu Bibao"), and USDT-margined perpetual contracts for these tokens across its web, mobile app, and API interfaces. This strategic expansion empowers users with more flexible trading options and yield-generating opportunities.
Expanded Leveraged Trading and Earn Services
To support greater accessibility and capital efficiency, OKX now offers leveraged trading pairs denominated in USDT for all four assets:
- MATIC/USDT
- FLOW/USDT
- SAND/USDT
- PERP/USDT
These additions allow traders to amplify their exposure using margin, enabling both long and short positions depending on market outlook.
Key Features of Leveraged Trading on OKX
- Flexible Leverage Tiers: Users can access multiple leverage levels based on position size. Specific tier details are available within the platform under "Margin Borrowing Position Tiers."
- Risk Management: Graduated risk limits help maintain system stability and protect users from excessive exposure.
- Competitive Borrowing Rates: Dynamic interest rates ensure efficient capital allocation across the ecosystem.
Additionally, users can now deposit their idle MATIC, FLOW, SAND, and PERP holdings into the OKX Earn program—previously known as “Yu Bibao”—to earn passive income. The annual percentage yield (APY) varies based on market demand and utilization rates.
👉 Discover how to maximize your crypto holdings with flexible earning options today.
This integration of trading and yield-generation tools reflects OKX’s commitment to building a comprehensive ecosystem where users can trade, save, and grow their digital assets seamlessly.
Introduction of SANDUSDT and PERPUSDT Perpetual Contracts
Perpetual contracts have become one of the most popular instruments in crypto derivatives due to their flexibility and lack of expiry dates. OKX has now added two new USDT-margined perpetual contracts:
- SAND/USDT Perpetual Contract
- PERP/USDT Perpetual Contract
These contracts are designed to track the real-time price of the underlying assets against USDT, offering high liquidity and tight spreads.
SAND/USDT Perpetual Contract Specifications
- Underlying Index: SAND/USDT
- Settlement Currency: USDT
- Contract Size: 10 SAND per contract
- Price Quotation: Price per 1 SAND in USDT
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Formula:
Clamp(MA(((Bid + Ask)/2 - Index Price)/Index Price - Interest), -0.75%, 0.75%)
(Note: Interest rate is set to 0) - Trading Hours: 24/7
PERP/USDT Perpetual Contract Specifications
- Underlying Index: PERP/USDT
- Settlement Currency: USDT
- Contract Size: 1 PERP per contract
- Price Quotation: Price per 1 PERP in USDT
- Tick Size: 0.001 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Formula: Same as above
- Trading Hours: 24/7
Both contracts follow standard perpetual contract mechanics used across the platform, ensuring consistency in user experience and risk parameters.
⚠️ Important Note on Initial Funding Rates
During the initial launch phase—until April 2, 2021, at 24:00 HKT—the funding rate cap was temporarily set at 0.03% to prevent distortions caused by market volatility or price premiums. After this period, the cap reverted to the standard maximum of 0.75%. The first actual funding payment occurred on April 3, 2021, at 16:00 HKT.
All other trading rules—including order types, liquidation mechanisms, insurance funds, and maintenance margins—align with existing USDT-margined perpetual contracts on OKX.
Why These Assets Matter: A Closer Look at MATIC, FLOW, SAND, and PERP
Understanding the fundamentals behind these newly supported assets helps explain why they were selected for expanded financial products.
Polygon (MATIC)
As a leading Ethereum scaling solution, Polygon enables fast, low-cost transactions while maintaining security through sidechains and Layer 2 protocols. Its growing adoption by DeFi and NFT projects makes it a cornerstone of Web3 infrastructure.
Flow (FLOW)
Developed by Dapper Labs—the team behind NBA Top Shot—Flow is a developer-friendly blockchain optimized for NFTs and mainstream consumer apps. With strong partnerships in sports, entertainment, and gaming, Flow is positioned at the intersection of digital collectibles and mass-market engagement.
The Sandbox (SAND)
A key player in the metaverse movement, The Sandbox allows users to create, own, and monetize virtual experiences using NFTs and blockchain technology. As interest in immersive digital worlds grows, SAND stands out as a foundational asset in this emerging economy.
Perpetual Protocol (PERP)
This decentralized derivatives platform enables users to trade perpetual contracts without intermediaries. Built on Ethereum with cross-chain capabilities, Perpetual Protocol brings transparency and accessibility to futures trading—a perfect fit for advanced traders seeking innovative exposure.
👉 Start trading next-generation blockchain assets with advanced tools and deep liquidity.
Frequently Asked Questions (FAQ)
Q1: What time did the new services go live?
The leveraged trading pairs, Earn program support, and perpetual contracts for MATIC, FLOW, SAND, and PERP went live on April 2, 2021, at 17:00 HKT.
Q2: Can I use leverage when trading these tokens?
Yes. Users can trade MATIC, FLOW, SAND, and PERP with leverage of up to 75x on both spot margin pairs and perpetual contracts.
Q3: How does the funding rate work for SANDUSDT and PERPUSDT contracts?
The funding rate ensures that the contract price stays close to the spot index price. It is calculated every eight hours using a moving average formula and is capped between -0.75% and +0.75%. During the first launch day, the cap was limited to ±0.03% for stability.
Q4: Where can I view my Earn (Yu Bibao) earnings?
Earnings from staking MATIC, FLOW, SAND, or PERP are credited automatically to your account. You can check your balance and historical payouts under the "Finance" or "Earn" section of your OKX dashboard.
Q5: Are there any special risks with these new perpetual contracts?
As with all leveraged products, there is risk of liquidation if price movements go against your position. It's important to use proper risk management techniques such as stop-loss orders and position sizing.
Q6: Is KYC required to access these features?
Yes. To comply with global regulatory standards, users must complete identity verification (KYC) to access leveraged trading and derivatives products on OKX.
Final Thoughts
OKX’s decision to integrate leveraged trading, savings options, and perpetual contracts for MATIC, FLOW, SAND, and PERP underscores its role as an innovator in the digital asset space. By supporting tokens that represent critical trends—scaling solutions (MATIC), NFT ecosystems (FLOW), virtual worlds (SAND), and decentralized finance (PERP)—OKX aligns itself with the future trajectory of blockchain innovation.
Whether you're an active trader looking for high-leverage opportunities or a long-term holder aiming to earn yield on idle assets, OKX provides a robust platform tailored to diverse investment strategies.
👉 Join millions of traders accessing cutting-edge crypto financial tools in one secure environment.
With continuous product enhancements and a focus on user experience, OKX remains at the forefront of empowering individuals to take full control of their digital financial future.