TON-margined futures on Storm TradeStorm Trade, the first leveraged DEX for futures trading on TON, has released an update enabling the use of Toncoin (TON) for trading futures. This new feature enhances the trading experience by offering greater versatility in how users engage with the platform.
Previously, opening a futures position on Storm Trade required jUSDT as collateral. With this update, traders can now choose TON as their collateral. This allows for both long and short positions in TON pairs, with plans to add more trading pairs in the future.
What’s new with this update:
There's no longer a need to convert TON to jUSDT, streamlining transactions and simplifying the trading process.
The introduction of a non-linear payout structure means traders can benefit from increased profits even on small price movements.
TON holders can now add their tokens to the liquidity pool and receive rewards up to 5 times higher than traditional staking options.
Traders have the ability to hedge risk during market downturns.
Disclaimer: Futures trading carries a high level of risk and may not be suitable for all investors. Consider your financial situation and risk tolerance before trading. The information provided is for educational purposes only and should not be considered financial advice.
For additional details, read this article.
