The cryptocurrency landscape continues to evolve, and OKX remains at the forefront by expanding its suite of financial products. On April 10, 2025, OKX officially launched the PROMPTUSDT perpetual contract across its web, mobile app, and API platforms. This was followed by the introduction of PROMPT margin trading and Simple Earn services on April 11, 2025, offering users more flexible ways to engage with the PROMPT token. These new offerings enhance trading versatility, improve capital efficiency, and open up passive income opportunities for both novice and experienced investors.
This update reflects OKX’s ongoing commitment to innovation and user-centric product development. Whether you're interested in high-leverage derivatives trading or low-risk yield generation, the platform now supports a full spectrum of strategies for interacting with PROMPT.
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Margin Trading and Simple Earn: Key Features
OKX has integrated PROMPT into two core product lines—margin trading and Simple Earn—to provide users with greater flexibility in managing their digital assets.
Margin Trading for PROMPT
PROMPT is now available for USDT-margined leveraged trading, allowing traders to amplify their positions using borrowed funds. This enables increased exposure without requiring additional capital upfront. The leverage structure follows OKX’s standardized tiered margin system, which balances risk and accessibility based on account equity and position size.
While specific tier details are subject to change and can be viewed post-launch within the platform, users can expect a transparent and risk-managed framework designed to prevent excessive exposure during volatile market conditions.
Simple Earn: Passive Income Opportunities
In addition to active trading, OKX users can now participate in the Simple Earn program with PROMPT holdings. This feature allows investors to earn competitive yields by depositing their tokens into flexible or fixed-term savings pools. Although exact interest rates and available quotas may vary over time, the service provides an accessible way to generate returns on otherwise idle assets.
This integration aligns with growing demand for crypto yield-generating products, especially among long-term holders who prefer low-effort, low-risk strategies.
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Perpetual Contract Specifications for PROMPTUSDT
Derivatives trading remains one of the most powerful tools in a trader’s arsenal, and the launch of the PROMPTUSDT perpetual contract adds another dimension to market participation.
Core Contract Details
- Underlying Asset: PROMPT/USDT Index
- Settlement Currency: USDT
- Contract Size: 10 USDT per contract
- Price Quotation: Based on the USDT price of 1 PROMPT
- Minimum Price Movement (Tick Size): 0.00001 USDT
- Leverage Range: 0.01x to 20x
Funding Rate Mechanism:
$$ \text{Funding Rate} = \text{Clamp}\left(\text{MA}\left[\frac{(\text{Bid} + \text{Ask}) / 2 - \text{Spot Index}}{\text{Spot Index}}\right] - \text{Interest}, -1.5\%, 1.5\%\right) $$
Where Interest = 0%. Funding is settled every 4 hours using a pay-in-advance model.
Special Funding Rate Adjustment During Launch
To ensure stability during the initial phase of trading, a temporary cap was applied:
- From launch until April 11, 2025, at 00:00 UTC+8, the maximum funding rate was limited to 0.5%.
- After that time, it reverted to the standard cap of 1.5%, with the first full cycle charged at 04:00 UTC+8 on April 11.
This precaution helps mitigate potential distortions caused by early market imbalances or speculative spikes in demand.
Trading Availability
The contract operates on a 24/7 trading schedule, ensuring global accessibility across all time zones. All standard perpetual contract rules—including order types, liquidation mechanisms, and risk controls—apply uniformly to PROMPTUSDT, consistent with other USDT-margined contracts on the platform.
For full technical documentation, users are encouraged to review OKX’s official perpetual swap agreement directly within the app or support center.
Why These Additions Matter
The inclusion of PROMPT across multiple financial products signals strong market confidence in the asset’s liquidity and long-term viability. By supporting it through margin trading, perpetual contracts, and yield-generating services, OKX empowers users with diverse engagement options:
- Traders can use leverage to capitalize on short-term volatility.
- Investors can earn passive income without selling their holdings.
- Hedgers can manage risk using derivatives linked to real-time spot prices.
These capabilities cater to different risk appetites and investment goals, reinforcing OKX’s position as a comprehensive digital asset platform.
Frequently Asked Questions (FAQ)
Q: When did the PROMPTUSDT perpetual contract go live?
A: The contract launched on April 10, 2025, at 9:30 PM UTC+8 on OKX’s web, mobile, and API platforms.
Q: Can I trade PROMPT with leverage outside of perpetual contracts?
A: Yes. Starting April 11, 2025, at 12:10 PM UTC+8, PROMPT became available for USDT-margined margin trading, allowing leveraged spot-style trades.
Q: How often are funding fees charged for the perpetual contract?
A: Every 4 hours—at 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 UTC+8.
Q: Is there a limit on how much I can earn through Simple Earn with PROMPT?
A: Earnings depend on available quotas and prevailing interest rates, which may fluctuate based on supply and demand dynamics within the platform.
Q: Was the funding rate capped during the initial launch period?
A: Yes. Until April 11, 2025, at 00:00 UTC+8, the funding rate was capped at 0.5% to reduce volatility risks before returning to the normal ±1.5% range.
Q: Where can I find detailed rules about margin tiers and borrowing limits?
A: All up-to-date information is available directly in the OKX app under margin trading settings or via the help center.
Final Thoughts
The rollout of PROMPT-related financial instruments on OKX represents a strategic enhancement of its ecosystem. With perpetual contracts enabling sophisticated trading strategies, margin trading increasing capital efficiency, and Simple Earn offering passive income streams, users now have more ways than ever to interact with this digital asset.
As always, traders should practice proper risk management—especially when using leverage—and stay informed about market conditions and fee structures.
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