On February 24, 2025, OKX officially launched leveraged trading, Savings (Yu Bibao), and USDT-margined perpetual contracts for MIR and TORN across its web platform, mobile app, and API. This strategic expansion enhances trading flexibility and investment opportunities for users seeking exposure to these innovative blockchain assets.
Enhanced Trading Options: Leveraged Trading & Savings
OKX now supports leveraged trading for both MIR and TORN with USDT as the base pair. This allows traders to amplify their positions using margin, enabling greater market participation with optimized capital efficiency.
Key Features of Leveraged Trading
- Supported Pairs: MIR/USDT and TORN/USDT
- Flexible Leverage: Users can adjust leverage within dynamic tiered levels based on position size
- Risk Management: Graduated margin requirements help maintain system stability during high volatility
For detailed information on leverage tiers and borrowing limits, users are encouraged to review the updated margin position tier guidelines directly on the platform.
👉 Discover how leveraged trading can boost your strategy with advanced tools and competitive rates.
Additionally, Savings (Yu Bibao) is now available for MIR and TORN holdings. This feature enables users to earn passive income by staking idle tokens. The annual percentage yield (APY) is dynamically adjusted based on market demand and liquidity conditions.
This integration means holders no longer need to choose between security and yield — they can maintain exposure to their favorite assets while generating returns from otherwise dormant balances.
Perpetual Contracts Now Live: MIRUSDT & TORNUSDT
OKX has introduced two new USDT-margined perpetual contracts: MIRUSDT and TORNUSDT, offering round-the-clock trading with deep liquidity and precise pricing mechanisms.
MIRUSDT Perpetual Contract Specifications
- Underlying Index: MIR/USDT
- Settlement Currency: USDT
- Contract Value: 1 MIR
- Price Quotation: Price per 1 MIR in USDT
- Tick Size: 0.001 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Mechanism:
Clamp(MA(((Bid + Ask)/2 - Spot Index Price)/Spot Index Price - Interest), -0.75%, 0.75%), where Interest = 0 - Trading Hours: 7×24
TORNUSDT Perpetual Contract Specifications
- Underlying Index: TORN/USDT
- Settlement Currency: USDT
- Contract Value: 0.01 TORN
- Price Quotation: Price per 1 TORN in USDT
- Tick Size: 0.1 USDT
- Leverage Range: 0.01x to 75x
- Funding Rate Mechanism: Same as above
- Trading Hours: 7×24
Note: To ensure fair funding rates during initial launch volatility, the funding rate cap was temporarily set at 0.03% until 24:00 HKT on February 24, 2025. After this period, it reverted to the standard maximum of 0.75%, with the first actual deduction occurring at 16:00 HKT on February 25, 2025.
All other trading rules — including order types, liquidation mechanisms, insurance funds, and risk limits — align with existing USDT-margined perpetual contracts on OKX. For full product details, users can refer to the official perpetual contract documentation available within the platform.
Zero-Fee Trading Promotion for New Contracts
To celebrate the launch, OKX is offering a limited-time zero-fee trading promotion for both MIRUSDT and TORNUSDT perpetual contracts.
Promotion Details
- Duration: February 24, 2025, 17:00 HKT – March 25, 2025, 17:00 HKT
- Applicable Fees: Both taker and maker fees reduced to 0.00%
- Eligibility: All standard and professional users
- Important Note: Trading volume during this zero-fee period will not count toward tiered fee level calculations
This incentive lowers entry barriers for new traders and allows experienced users to execute high-frequency strategies without friction from transaction costs.
👉 Take advantage of zero-fee trading and maximize your entry into MIR and TORN markets today.
Special Campaign: Win $50,000 in Trading Rewards
In celebration of the new contract listings, OKX is hosting a special event offering $50,000 in trading prizes.
Event Overview
- Start Time: February 24, 2025, 17:00 HKT
- End Time: March 2, 2025, 17:00 HKT
- Objective: Encourage active participation in the new MIR and TORN markets
- Rewards Distribution: Based on trading volume and platform engagement metrics
Participants can increase their share of the prize pool by placing qualifying trades during the campaign window. This provides an excellent opportunity for both new and experienced traders to gain exposure while earning tangible rewards.
Why MIR and TORN? Understanding the Assets Behind the Contracts
Mirror Protocol (MIR)
Mirror Protocol is a synthetic asset platform built on the Terra blockchain (now evolved within the broader Cosmos ecosystem). It enables users to create and trade mAssets — price-tracked synthetic versions of real-world assets like stocks (e.g., mAAPL, mTSLA). MIR serves as the governance and incentive token, rewarding early adopters and liquidity providers.
With growing interest in decentralized finance (DeFi) derivatives, MIR offers speculative value tied to global equity performance without requiring traditional brokerage access.
Tornado Cash (TORN)
Tornado Cash is a non-custodial privacy protocol on Ethereum that enables users to obscure transaction trails through zero-knowledge proofs (zk-SNARKs). While regulatory scrutiny exists around privacy tools, TORN remains a key token in discussions about financial privacy and censorship resistance in Web3.
The launch of TORN perpetuals reflects increasing institutional and retail demand for exposure to privacy-centric crypto narratives.
Frequently Asked Questions (FAQ)
Q: When did MIR and TORN perpetual contracts go live?
A: Both MIRUSDT and TORNUSDT perpetual contracts went live on February 24, 2025, at 17:00 HKT.
Q: Are there any differences between these new contracts and other USDT-margined perpetuals on OKX?
A: No — apart from asset-specific parameters like tick size and contract value, all risk controls, order types, and settlement procedures follow standard OKX perpetual contract rules.
Q: Does the zero-fee promotion apply to spot trading as well?
A: No. The zero-fee offer applies only to futures trading on the MIRUSDT and TORNUSDT perpetual contracts during the specified period.
Q: Can I use cross-margin mode for MIR and TORN leveraged trading?
A: Yes. Users can choose between isolated and cross-margin modes depending on their risk tolerance and strategy.
Q: Is there a minimum balance required to participate in the Savings program?
A: There is no fixed minimum — even small balances can be deposited into Savings to start earning yields immediately.
Q: How are funding rates calculated and when are they applied?
A: Funding rates are calculated every 8 hours (at 00:00, 08:00, and 16:00 UTC) using the formula provided. They are exchanged between longs and shorts; no fees go to OKX.
Final Thoughts
The addition of MIR and TORN to OKX’s suite of financial products underscores the exchange’s commitment to delivering cutting-edge digital asset solutions. From leveraged trading to passive income generation and derivatives innovation, users now have comprehensive tools to engage with emerging DeFi and privacy-focused ecosystems.
Whether you're a short-term trader or a long-term investor, these new offerings open doors to diversified strategies in fast-evolving markets.
Core Keywords: MIR, TORN, leveraged trading, perpetual contracts, savings, USDT-margined futures, zero-fee trading, OKX