Bybit announced an adjustment of the funding rate interval for the SOLAYERUSDT perpetual contract.
Originally a 1-hour interval, it will now take place every 2 hours, effective from February 12, 2025. Bybit, a leading crypto exchange, implements this change to optimize funding dynamics.
Bybit Extends SOLAYERUSDT Funding to 2 Hours
While no official comments from executives are available, the update was confirmed through Bybit’s official channels.
“Changes to Funding Rate Limits and Intervals for SOLAYERUSDT Perpetual Contracts. Effective 2025-02-12, the interval changed from every 1 hour to every 2 hours” – Bybit Official Announcement
Streamlined Payments Could Smooth Solana Market Swings
The change is designed to streamline funding payments for the SOLAYERUSDT contract, potentially smoothing out market swings without impacting other assets. No direct monetary value or liquidity shifts have been reported.
The absence of public commentary from industry leaders suggests limited immediate market concern. Historically, such changes aim to stabilize funding rates during volatility, mitigating abrupt market fluctuations across similar derivatives.
Funding Rate Adjustment: A Common Exchange Strategy
Funding rate adjustments are typical strategies employed by exchanges like Bybit to enhance contract performance.
Similar past actions have targeted frequently traded pairs like BTC or ETH to mitigate volatility. Experts note the potential for these changes to improve market stability over time. Monitoring ongoing market reactions and data trends will be crucial in evaluating the full impact on Solana’s derivative landscape.
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