Announcement from Ouyi on the official launch of DOOD perpetual contract

Dear Ouyi user: Ouyi will officially launch the DOODUSDT perpetual contract on May 12, 2025 at 8:00 PM (UTC+8) on the web, app, and API. The detailed rules are as follows: 1. Opening time DOODUSDT contract trading opening time: 8:00 PM (UTC+8) on May 12, 2025 2. Contract Introduction Doodles is a new generation narrative brand that integrates digital media, on chain technology, and community creativity. Its mission is to create the most attractive on chain media brand in the world. *English full name: Doodles *English abbreviation: DOOD *Project official website: https://dood.doodles.app *Twitter: https://(x.com)/groceries Contract Elements | Details| Underlying Contract | DOOD/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 1000| Price quotation | quote based on USDT price of 1 DOOD| Minimum price change (Tick size) | 0.000001| Leverage | 0.01~50x| Funding rate | clamp [average premium index+clamp (interest rate - average premium index, 0.05%, -0.05%), 1.50%, -1.5%] Average premium index and interest rate calculation. For details, please refer to the product documentation| Funding fee settlement interval | 4 hours| Trading hours | 7 x 24 hours| Note: The premium when the new contract is launched is relatively unstable. To avoid unreasonable collection of funding fees, the upper limit of the funding fee rate will be calculated at 0.5% before 00:00 on May 13, 2025 (UTC+8). After 00:00 on May 13, 2025 (UTC+8), the upper limit of the funding fee rate will be adjusted back to the normal 1.5% [The actual collection time of funding fees for this period will be 4:00 am on May 13, 2025 (UTC+8)]. If there is a deviation in the price of this contract, the funding rate will be adjusted according to market conditions. In addition, the limit trading rules of DOODUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT Margin Perpetual Contract: User Agreement for EUYI Perpetual Contract Ouyi will continue to provide you with better products and services! Ouyi team May 12th, 2025