To expand trading options and enhance users’ trading experience, Binance Futures will launch the 75x leverage LUMIAUSDT Perpetual Contract on December 18, 2024, at 11:30 (UTC).

Details

• USDⓈ-M Perpetual Contract: LUMIAUSDT
• Launch Time: 2024-12-18 11:30 (UTC)
• Underlying Asset: Lumia (LUMIA)
• Settlement Asset: USDT
• Tick Size: 0.001
• Capped Funding Rate: +2.00% / -2.00%
• Funding Fee Settlement Frequency: Every Four Hours
• Maximum Leverage: 75x
• Trading Hours: 24/7 Multi-Assets Mode Supported

The maximum funding rate for the futures contract at launch is +2.00% / -2.00%.

The funding fee settlement frequency is every four hours.,

What Is LUMIA?

Lumia is a Layer 2 (L2) blockchain solution designed to enhance scalability, liquidity, and interoperability within the decentralized ecosystem.

By improving existing blockchain infrastructure and integrating advanced technologies, it provides a platform that enables developers and users to experience faster and more efficient transactions.

Its core focus is to address key challenges in the blockchain world, such as data availability, transaction efficiency, and cross-chain interoperability.

Lumia’s architecture is built on the Polygon Chain Development Kit (CDK), which allows the creation of custom blockchain networks tailored to specific needs.

By leveraging these modular frameworks and integrating additional functionalities such as decentralized data availability through AvailDA and cross-chain features via Polygon AggLayer, the project aims to enhance the usability and flexibility of decentralized applications (dApps) across blockchain networks.

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