Jupiter: Plans to increase contract billing limits by 4 times to allow users to open larger positions
According to online reports, Jupiter co-founder SIONG posted on X that Jupiter's contract trading platform currently has a billing limit of US$2.5 million for SOL and a billing limit of US$5 million for BTC and ETH. This is because under the current price impact mechanism, if the user opens a position exceeding this limit, the price impact fee will be so high that it may directly lead to the forcing of his position. We are deploying a new price impact mechanism to completely resolve this issue. After the new mechanism is launched, the SOL billing limit can be increased to US$10 million, and BTC and ETH can be increased to US$20 million. If this limit is exceeded, we will have to further reduce the price impact fee, which will also affect the revenue of JLP, and the risk will be higher, so we need to consider carefully, but increasing the billing limits of SOL, BTC, and ETH to US$10 million and US$20 million respectively would be a good start.
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