Instruments

USDC margined perpetuals

Symbol	Underlying index	Settlement currency	Contract Size	Minimum order quantity	Tick Size	Face Value	Leverage	Funding Time	Liquidity Vault	Vault OI limit percent	State
BTC/USDC	BTCUSDC	USDC	0.001	0.001 BTC	0.1	1	1x-50x	1 hour	dUSDC Vault	50%	FULLY_OPEN
ETH/USDC	ETHUSDC	USDC	0.01	0.01 ETH	0.01	1	1x-50x	1 hour	dUSDC Vault	50%	FULLY_OPEN

Instruments State

NULL, FULLY_OPEN, REDUCE_ONLY, PAUSED, TERMINATED

1. NULL: instrument is not created yet

2. FULLY_OPEN: all actions are allowed

3. REDUCE_ONLY: only position close action allowed.

4. PAUSED: all actions are paused, might be reopen later.

5. TERMINATED：instrument is delisted, all actions are not allowed.

Instruments Leverage Adjust

If this instrument have pending order or open position, can not modify this instrument leverage.