We are excited to announce that OKX will list USDT-margined perpetual futures for BR (Bedrock) starting at 8:00 am UTC on March 21, 2025. This new offering will be available on the OKX web platform, mobile app, and via API, providing traders with more opportunities in the dynamic crypto derivatives market.
Understanding BR and Its Market Position
Bedrock (BR) is the native token of Bedrock Protocol, a multi-asset liquid restaking protocol. It is recognized for pioneering Bitcoin staking through its innovative uniBTC token. As the leading BTC liquid staking token, uniBTC allows holders to earn staking rewards while maintaining liquidity, thereby unlocking new yield opportunities within Bitcoin’s trillion-dollar market.
Bedrock is at the forefront of BTCFi 2.0, an advanced approach that expands Bitcoin’s utility in decentralized finance (DeFi). By integrating Bitcoin into the DeFi ecosystem, Bedrock enhances capital efficiency and creates novel financial products for users worldwide.
Key Details of BR Perpetual Futures Listing
Trading Schedule
- Trading Start Time: 8:00 am UTC, March 21, 2025.
- Contract Type: USDT-margined perpetual futures.
- Trading Pair: BR/USDT.
Contract Specifications
Below are the essential details for the BR perpetual futures contract:
| Feature | Detail |
|---|---|
| Underlying | BR/USDT index |
| Settlement Crypto | USDT |
| Face Value | 10 |
| Price Quotation | 1 BR value in USDT equivalent |
| Tick Size | 0.0001 |
| Leverage | 0.01x to 20x |
| Funding Fee | Calculated based on premium and interest; see note below |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Funding Fee Note: The funding fee is computed as Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), with Interest = 0. Funding fees are applied and deducted periodically.
Special Funding Fee Consideration
To protect traders from excessive fees due to high premium volatility at launch, the funding fee upper limit will be temporarily set at 0.5% until 4:00 pm UTC on March 21, 2025. After this time, the cap will revert to the standard 1.5%. The first funding fee under the regular regime will be charged at 8:00 pm UTC on the same day. Note that the funding fee limit may be adjusted based on market conditions if significant contract price deviations occur.
Price Limit Rules
The price limit mechanisms for BR USDT-margined perpetual futures align with those of other perpetual contracts on OKX. These rules are designed to maintain market stability and protect traders from extreme volatility.
How to Trade BR Perpetual Futures
Trading perpetual futures involves predicting the price movement of BR against USDT. Traders can go long (expecting price appreciation) or short (anticipating price decline) using leverage up to 20x. It is crucial to understand the risks associated with leveraged trading, including liquidation risks if the market moves against your position.
To get started, ensure you have sufficient USDT in your derivatives account. You can then place orders through the OKX trading interface, whether on web or mobile. For automated strategies, consider using the OKX API for seamless integration with your trading tools.
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The Role of Perpetual Futures in Crypto Markets
Perpetual futures are a popular derivative product in crypto because they lack an expiry date, allowing traders to hold positions indefinitely as long as they manage funding fees. These contracts are settled in USDT, making them accessible to a broad range of traders who prefer stablecoin margining.
The addition of BR perpetual futures expands the suite of trading options available on OKX, catering to the growing interest in Bitcoin-based DeFi protocols. It also provides more avenues for hedging and speculation within the ecosystem.
Frequently Asked Questions
What is BR?
BR is the native token of Bedrock Protocol, a liquid restaking platform that introduces Bitcoin staking through uniBTC. It aims to enhance yield opportunities and liquidity in the Bitcoin market.
When does BR perpetual futures trading begin?
Trading starts at 8:00 am UTC on March 21, 2025. The contract will be available on OKX’s web, app, and API interfaces.
What leverage is available for BR perpetual futures?
Traders can use leverage from 0.01x up to 20x. However, higher leverage increases both potential profits and risks, so use it cautiously.
How are funding fees calculated?
Funding fees are determined every 4 hours based on the difference between the perpetual contract price and the spot index price. The formula incorporates a moving average and a clamp function to keep fees within bounds.
Why is there a temporary funding fee cap?
The initial 0.5% cap is implemented to prevent unreasonable fees due to high volatility at launch. It ensures a smoother trading experience during the first few hours after listing.
Can I trade BR perpetual futures outside the OKX platform?
No, OKX is the exclusive platform offering BR perpetual futures at this time. Always use official channels to access legitimate trading products.
Conclusion
The listing of BR perpetual futures on OKX represents a significant step in broadening the accessibility of Bitcoin-centric DeFi products. With its innovative approach to liquid staking and restaking, Bedrock Protocol is poised to influence the future of BTCFi. Traders can now engage with BR through a versatile derivatives product, leveraging OKX’s robust trading infrastructure.
Remember to stay informed about market conditions and risk management practices to navigate the perpetual futures market effectively. 👉 Discover more about trading tools