Jupiter is deploying a new price impact mechanism and plans to increase the contract opening limit by four times

Jupiter co-founder SION announced in an article on X platform that its contract trading platform currently has a limit of $2.5 million for SOL orders and $5 million for BTC and ETH orders. The reason is that under the current price impact mechanism, the user's opening amount exceeds the limit, and the price shock cost may be so high that the position is forcibly liquidated. Jupiter is currently deploying a new price impact mechanism to address the issue. After the new mechanism goes live, the SOL order limit is expected to increase to $10 million, and BTC and ETH are expected to increase to $20 million. If the limit is exceeded again, the price impact fee needs to be reduced, but this will affect JLP's revenue and pose higher risks, so careful consideration is needed. However, raising the opening limits for SOL, BTC, and ETH to $10 million and $20 million respectively is a good start.