Starting on May 8, 2025, OKX will officially launch USDT-margined perpetual futures contracts for three innovative cryptocurrencies: WAL (Walrus), NIL (Nillion), and PLUME (Plume). These additions expand the platform’s suite of advanced trading products, offering traders enhanced exposure to emerging blockchain ecosystems focused on decentralized data storage, privacy-preserving computation, and real-world asset (RWA) integration.
The new contracts will go live in sequential order between 7:00 am and 7:30 am UTC, ensuring a smooth rollout across all platforms—web, mobile app, and API. This strategic listing reflects growing market demand for derivatives tied to next-generation Web3 infrastructure projects.
📅 Listing Schedule
Traders can prepare for the following launch times:
- WAL/USDT perpetual futures: Open at 7:00 am UTC
- NIL/USDT perpetual futures: Open at 7:15 am UTC
- PLUME/USDT perpetual futures: Open at 7:30 am UTC
All contracts will be available globally with no regional restrictions. Users are encouraged to review contract specifications and risk parameters ahead of trading commencement.
👉 Discover how to trade next-gen crypto futures with precision and speed.
🔍 WAL Perpetual Futures: Decentralized Data Storage
Walrus (WAL) is a decentralized network designed for scalable and secure storage of large data files, including videos, audio, images, and text. Built with efficiency and accessibility in mind, Walrus aims to provide a robust alternative to traditional cloud storage by leveraging blockchain technology.
Key Contract Specifications
- Underlying Index: WAL/USDT
- Settlement Currency: USDT
- Face Value: 10
- Price Quotation: 1 WAL in USDT
- Tick Size: 0.0001
- Leverage Range: 0.01x – 20x
- Funding Rate Mechanism:
clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] - Funding Fee Settlement Interval: Every 4 hours
- Trading Hours: 24/7
This contract enables traders to speculate on or hedge positions in a project at the forefront of decentralized data infrastructure.
🔐 NIL Perpetual Futures: Secure Computation for AI & Blockchain
Nillion (NIL) is a permissionless network that enables secure decentralized data storage and computation—specifically tailored for artificial intelligence (AI) applications and blockchain systems. By combining cryptographic techniques like secure multi-party computation (MPC), Nillion ensures data privacy without sacrificing performance.
Key Contract Specifications
- Underlying Index: NIL/USDT
- Settlement Currency: USDT
- Face Value: 10
- Price Quotation: 1 NIL in USDT
- Tick Size: 0.0001
- Leverage Range: 0.01x – 50x (higher leverage reflects strong market interest)
- Funding Rate Mechanism: Same as WAL and PLUME
- Funding Fee Settlement Interval: Every 4 hours
- Trading Hours: 24/7
With support for up to 50x leverage, NIL offers aggressive traders high flexibility while maintaining risk controls through dynamic funding rate caps.
👉 Maximize your trading potential with high-leverage futures on cutting-edge networks.
🌍 PLUME Perpetual Futures: Real-World Asset Blockchain
Plume (PLUME) is an EVM-compatible public blockchain purpose-built for the tokenization and seamless integration of real-world assets (RWAs) such as real estate, bonds, and commodities. Plume simplifies compliance, enhances liquidity, and lowers barriers to entry for institutions and retail investors alike.
Key Contract Specifications
- Underlying Index: PLUME/USDT
- Settlement Currency: USDT
- Face Value: 10
- Price Quotation: 1 PLUME in USDT
- Tick Size: 0.0001
- Leverage Range: 0.01x – 20x
- Funding Rate Mechanism: Standard formula applied across all three contracts
- Funding Fee Settlement Interval: Every 4 hours
- Trading Hours: 24/7
As demand for RWA tokenization grows, PLUME positions itself as a foundational layer for the future of asset-backed digital finance.
⚠️ Temporary Funding Fee Cap for New Listings
To protect traders during the initial volatility phase of these new contracts, OKX will enforce a temporary cap on funding fees:
- Until 4:00 pm UTC on May 8, 2025, the maximum predicted funding rate will be limited to 0.5%.
- After this time, the cap reverts to the standard ±1.5% range.
- The first funding fee settlement will occur at 8:00 pm UTC on May 8, 2025.
This measure helps prevent excessive costs due to price divergence or speculative imbalances in early trading stages. Note that adjustments may be made dynamically based on market conditions.
🛠 Trading Rules & Risk Management
The price limit rules for WAL, NIL, and PLUME perpetual futures align with those of other USDT-margined contracts on OKX. Traders should familiarize themselves with:
- Liquidation mechanisms
- Maintenance margin requirements
- Insurance fund policies
- Mark price tracking
These safeguards ensure fair trading environments and reduce the risk of manipulation or cascading liquidations.
For detailed guidance, refer to OKX’s comprehensive perpetual futures trading documentation.
❓ Frequently Asked Questions (FAQ)
Q: What are USDT-margined perpetual futures?
A: They are derivative contracts that allow traders to speculate on price movements without owning the underlying asset. Margined in USDT, they offer leverage and continuous trading with periodic funding fees.
Q: Why are these tokens being listed now?
A: WAL, NIL, and PLUME represent high-potential sectors—decentralized storage, secure computation, and real-world assets—showing increasing adoption and developer activity.
Q: Can I trade these on mobile?
A: Yes. The contracts are available on both the OKX web platform and mobile app immediately upon launch.
Q: Is there a difference in funding rates between the three contracts?
A: No. All three use the same standardized funding rate formula to ensure consistency across listings.
Q: When does the first funding fee apply?
A: The first settlement occurs at 8:00 pm UTC on May 8, 2025, after the temporary fee cap adjustment.
Q: How is leverage determined for each contract?
A: Leverage ranges are set based on expected volatility and market depth—NIL supports up to 50x due to anticipated high trading volume.
🔑 Core Keywords
- WAL perpetual futures
- NIL perpetual futures
- PLUME perpetual futures
- USDT-margined futures
- decentralized data storage
- real-world asset blockchain
- secure computation network
- crypto derivatives trading
Whether you're interested in decentralized infrastructure, privacy-driven computation, or the future of asset tokenization, these new listings open strategic opportunities in fast-evolving sectors of the crypto economy.