Jupiter is deploying a new price impact mechanism to increase the contract opening limit by 4 times

PANews reported on May 29 that SIONG, co-founder of Jupiter, posted on the X platform that its contract trading platform currently has a billing limit of $2.5 million for SOL and $5 million for BTC and ETH. The reason is that under the current price impact mechanism, the amount of the user's open position exceeds the limit, and the price impact fee may be so high that the position is liquidated. Jupiter is currently deploying a new price impact mechanism to solve the problem, and after the new mechanism is launched, the opening limit is expected to increase to $10 million for SOL and $20 million for BTC and ETH. If the limit is exceeded, the price impact fee needs to be reduced, but this will affect the JLP income and the risk is higher, so it needs to be carefully considered. However, increasing the opening limits for SOL, BTC, and ETH to $10 million and $20 million, respectively, is a good start.

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