SKY perpetual futures on Swapmos, up to 10x
Sky is the protocol that issues the USDS stablecoin, and SKY is its governance token, so it responds to stablecoin supply, the savings rate offered to holders and treasury decisions. Turnover is respectable without matching the largest tokens. As a perpetual it is margined and settled in USDC, carries no expiry, and pays funding between longs and shorts at regular intervals.
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Contract specification
- Asset class
- Crypto
- Max leverage
- 10x
- Minimum order
- 10 USDC
- Price tick
- 0.000001
- Size tick
- 1
- Funding interval
- every 4 hours
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Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.