The world of cryptocurrency trading is constantly evolving, with new and innovative projects creating exciting opportunities for traders. In a significant development for the digital asset ecosystem, two new perpetual contracts have been launched: GRIFFAINUSDT and ZEREBROUSDT. These additions provide traders with more avenues to engage with cutting-edge AI and blockchain technologies.
This guide details everything you need to know about these new trading instruments, from their underlying projects to their specific contract specifications.
Understanding the New Perpetual Contracts
Perpetual contracts are a popular type of derivative in the crypto space, allowing traders to speculate on the future price of an asset without an expiration date. The recent introduction of GRIFFAIN and ZEREBRO contracts expands the market's offerings, connecting traders with projects at the forefront of artificial intelligence.
GRIFFAINUSDT Perpetual Contract
The GRIFFAINUSDT contract is based on the Griffain project. Griffain is an AI agent platform designed to transform user intentions into actionable outcomes. Users can create their own personal AI agents and leverage a unique network of these agents to perform various tasks.
Key Contract Specifications:
- Underlying Asset: GRIFFAIN/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 10
- Price Quotation: Price of 1 GRIFFAIN in USDT
- Minimum Price Movement (Tick Size): 0.0001
- Leverage: 0.01x to 50x
- Funding Fee Calculation: A specific formula is used to calculate funding fees every 4 hours, ensuring a balanced market between the contract price and the spot index price.
- Trading Hours: 24/7
ZEREBROUSDT Perpetual Contract
The ZEREBROUSDT contract is linked to the Zerebro project. Zerebro is an autonomous artificial intelligence system focused on creating, distributing, and analyzing content across various decentralized and social platforms.
Key Contract Specifications:
- Underlying Asset: ZEREBRO/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 10
- Price Quotation: Price of 1 ZEREBRO in USDT
- Minimum Price Movement (Tick Size): 0.0001
- Leverage: 0.01x to 50x
- Funding Fee Calculation: Similar to the GRIFFAIN contract, a funding fee is applied every 4 hours based on the difference between the contract price and the spot index.
- Trading Hours: 24/7
Important Launch Considerations for Traders
When new perpetual contracts are launched, the market can experience initial price volatility and premium instability. To protect traders from unreasonable funding fees during this initial period, a special measure was implemented.
For the first hours after launch, the maximum funding rate was temporarily capped at a lower percentage. After this initial stabilization period, the cap reverted to the standard maximum rate. This mechanism helps ensure a fairer trading environment as the new market finds its footing.
All other standard trading rules for limit orders, margin, and execution apply to these new contracts, consistent with other established perpetual contracts. 👉 Explore more strategies for trading new market listings.
The Role of AI in Crypto Projects
The introduction of these contracts highlights the growing intersection of artificial intelligence and blockchain technology. Projects like Griffain and Zerebro are pioneering new use cases:
- Automated Task Execution: Turning user commands into automated actions through AI agents.
- Content Generation and Analysis: Creating and curating content for decentralized social ecosystems.
- Agent Networks: Building interconnected networks where AI agents can work together or be customized for individual needs.
This trend represents a significant sector within the crypto economy, attracting attention from developers and traders alike.
Frequently Asked Questions
What are perpetual contracts?
Perpetual contracts are derivative products that allow you to speculate on an asset's price without an expiry date. They use a funding fee mechanism to tether the contract price to the underlying spot price.
How is the funding fee calculated for GRIFFAIN and ZEREBRO?
The funding fee is calculated every four hours using a formula that compares the average of the contract's best bid and ask price to its spot index price. The rate is clamped within a specific maximum bound to prevent excessive costs.
What leverage can I use on these new contracts?
Traders can utilize leverage from a minimum of 0.01x up to a maximum of 50x on both the GRIFFAINUSDT and ZEREBROUSDT perpetual contracts. Always use leverage cautiously, as it amplifies both gains and losses.
Why was there a temporary funding rate cap?
A temporary cap on the maximum funding rate is often applied when a new contract is launched. This is because premiums can be highly volatile initially, and the cap prevents traders from paying disproportionately large funding fees before the market stabilizes.
Where can I trade these perpetual contracts?
These USDT-margined contracts are available for trading on their respective platforms, accessible via web browsers, mobile applications, and API connections for automated trading strategies.
Are there any risks associated with trading new contracts?
Yes, newly listed contracts can experience lower liquidity and higher volatility initially. It's crucial to start with smaller positions, understand the contract specifications fully, and employ robust risk management practices. 👉 Get advanced methods for managing risk in volatile markets.