Jupiter Lianchuang: Plans to increase the contract opening limit by 4 times to allow users to establish larger positions

Odaily Planet Daily News Jupiter co-founder SIONG Yu X said in a post that the current limit for Jupiter's contract trading platform for SOL opening is 2.5 million US dollars, and the limit for BTC and ETH opening is 5 million US dollars. This is because under the current price impact mechanism, if the user's opening amount exceeds this limit, the price impact fee will be so high that it may directly cause their position to be forced to close. We are deploying a new price impact mechanism to completely solve this problem. After the new mechanism is launched, the SOL order limit can be increased to 10 million US dollars, and BTC and ETH can be increased to 20 million US dollars. If it exceeds this limit, we will have to further reduce the price impact fee, which will also affect JLP's income, and the risk will be higher, so it needs to be carefully considered, but increasing the order limits of SOL and BTC and ETH to 10 million and 20 million US dollars respectively will be a good start.