So that means, among many changes that make sense to me, you're further reducing the effective leverage for going long by 1? So, in the "old" way of counting leverage down from 2.5:1 to 1.5:1? That sucks...
We might increase leverage in the future if we see our swap market is cooling off a little.
For the time being we believe it's a good idea, for the sake of traders, liquidity providers and the bitcoin market to slow down a little the growth of our swap total market.
I hope this helps.
Have a good day
Giancarlo
Bitfinex Team