Binance will implement the most up-to-date price protection mechanism for the ONE U-Purpose contract

On 14 August, as a result of a security incident in Harmony (ONE) that resulted in an abnormal spot price on multiple trading platforms, the Binance contract will introduce the latest price protection (LPP) mechanism for the ENE USDT U-class contract on 14 August at 20:00. The mark price will be calculated at the average of the last 10 seconds and smooth transition, with a maximum change range of ± 1 per cent per second; the upper and lower limit of the financial rate will be synchronized from ±2.000 per cent to ±0.005 per cent. The LPP cycle is completed and the standard mark price calculation is reinstated, subject to the convergence of ONE spot prices between multiple exchanges, and will be announced separately。