Today we have deployed updated versions of our smart contracts that will allow for new possibilities in DMEX.
Changelog:
- Position expiration bug fix. We have fixed an annoying bug that would throw an error when closing some expired positions and prevent them from closing.
- Longer expiration terms for highly leveraged contracts. Now, up to 30D expirations available on all leverages.
- Perpetual contracts are now available. Perpetual contracts are futures contracts without an expiration date. Positions on perpetual contracts do not expire and can only be closed through the order book.
- Fee Credit implementation is now possible. The new contracts allow dynamic reduction of trading fees for users with Fee Credit on their account.
- Funding Cost is no longer reserved in the margin. Funding costs for the life of the contract will no longer be reserved during position opening. Instead, the liquidation price will be adjusted during the time the position is open to take into account the accumulating funding cost. This allows us to offer long term and perpetual futures contracts for high leverage positions.
- Taker fee will be charged to close an expired position. When a position is expiring the trader will be charged the taker fee for the closure of the position to cover the gas and oracle costs.
These changes will allow for further development of the DMEX project and make it more competitive with the established centralized exchanges in the space.
Note: If you have funds on the old smart contract:
Go to Exchange > Menu > Smart Contracts
2. In the Base Contract dropdown select the second contract form the list.
3. Close the Menu
4. Withdraw funds (if you get an insufficient funds error, decrease the amount slightly.
5. Go to Menu > Smart Contracts and select the newest Base Contract
6. Deposit funds and Trade!