Dear OKX Users,
Polyhedra Network has officially requested a token rebranding for ZK (Polyhedra Network). As part of this transition, OKX will delist ZK margin trading pairs and perpetual contracts.
Key Notes:
- Spot trading for ZK pairs remains unaffected
- Further adjustments will be communicated via official announcements
Perpetual Contract Delisting Schedule
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| ZKUSDT | June 4, 2024, 16:00–17:00 |
Delisting Process:
- Trading halts at specified time
- All pending orders canceled
- Positions settled using arithmetic mean of OKX index prices from the final hour
- Abnormal price manipulation may trigger manual price adjustments
Important Details:
- Final funding rate set to 0%
- No additional fees (funding/交割手续费) charged
- Accounts with positions >$10,000 face 30-minute transfer restrictions post-delisting
- Historical records remain accessible for download via desktop order center
Risk Management Advisory:
👉 Secure your positions before delisting by:
- Reducing leverage ratios
- Closing positions proactively
- Monitoring potential liquidation risks
Margin Trading & Flexible Loans Timeline
| Trading Pair | Borrowing Halt (UTC+8) | Delisting (UTC+8) |
|---|---|---|
| ZK/USDT | May 31, 2024, 14:00 | June 3, 2024, 17:00 |
Critical Actions Required:
- Repay all loans before delisting
- System will force-repay outstanding loans
- Users advised to manually close positions to avoid volatility losses
Discount Rate Adjustment
| Token | Previous Rate | Updated Rate |
|---|---|---|
| ZK | 0.5% (≤$50k) | 0% |
| 0% (>$50k) |
Discount rates apply to cross-currency margin calculations based on market liquidity conditions.
FAQs
Q: Will ZK spot trading continue after delisting?
A: Yes, spot trading remains available unless otherwise notified.
Q: What happens to open perpetual contracts at delisting?
A: All positions auto-settle using the predetermined calculation method.
Q: How can I check historical trade records post-delisting?
A: Access via desktop order center for downloadable records.
Q: Why was my account temporarily restricted after delisting?
A: Accounts with >$10k positions undergo 30-minute transfer cooldown for risk management.
OKX remains committed to delivering exceptional products and services. For real-time updates, visit our 👉 official help center.
OKX Team | May 30, 2024
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