SOL to be Listed on Horizon Futures — HIP-15 Passed

June 26, 2024

SOL to be Listed on Horizon Futures — HIP-15 Passed

We are thrilled to announce that HIP-15, our latest Horizon Improvement Proposal to add Solana (SOL) to Horizon Futures, has successfully passed! We would like to extend our gratitude to the community for your valuable feedback.

Listing Date

Mark your calendars! The SOL market will officially be available for trading on Horizon Futures starting this Thursday, June 27th, 2024.

What to Expect

With the addition of SOL, traders will have the opportunity to engage with one of the most popular and robust assets in the crypto market. This expansion aims to diversify trading strategies and enhance the overall trading experience on our platform.

System Parameters for SOL on Horizon Futures

The following system parameters will be applied:

makerFeeOffchainDelayedOrder: 0.00015
takerFeeOffchainDelayedOrder: 0.0006
offchainDelayedOrderMinAge: 1
offchainDelayedOrderMaxAge: 30
maxLeverage: 27.5
maxMarketValue: 14800
maxFundingVelocity: 36
skewScale: 2100000
offchainPriceDivergence: 0.10
liquidationPremiumMultiplier: 1.5625
liquidationBufferRatio: 0.0075
maxPD: 0.001602
maxLiquidationDelta: 0.000801

Why SOL?

Solana (SOL) was chosen based on its strong performance and high demand among our traders. As the fourth-largest synthetic asset (zSOL) by market capitalization on our Spot exchange, its addition to the Futures market is a logical choice, providing our community with more trading options.

Continuous Evaluation

Following the listing, we will closely monitor the SOL market to evaluate its performance and impact on the platform. Key metrics such as trading volume, user activity, and market stability will be analyzed to help decide on future improvements and asset additions.

Stay Connected

We value your input. For any suggestions, concerns, or inquiries regarding the new SOL market or future proposals, please reach out to us on X (Twitter), Telegram, or Discord.

Happy trading!

Horizon Protocol is a decentralized derivatives trading and liquidity protocol providing decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of RWA (real-world assets), including fiat currencies (i.e., USD, EUR, JPY), and commodities (i.e., gold, silver).

By leveraging a peer-to-pool model, Horizon Protocol offers DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Our focus on seamless UI/UX and educational content empowers our community to harness the full potential of DeFi derivatives.

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