Updates on Leverage & Margin Tiers of USDⓈ-M FOOTBALLUSDT, WAVESUSDT and WAVESBUSD Perpetual Contracts (2022-12-19)

Fellow Binancians,
Binance Futures will adjust the leverage and margin tiers of USDⓈ-M FOOTBALLUSDT, WAVESUSDT and WAVESBUSD Perpetual Contracts on 2022-12-19 04:30 (UTC), as reflected in the tables below.
Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Leverage & Margin Tiers:

• FOOTBALLUSDT (USDⓈ-M Perpetual Contracts) on 2022-12-19 at 04:30 (UTC)

• WAVESUSDT (USDⓈ-M Perpetual Contracts) on 2022-12-19 at 04:30 (UTC)

• WAVESBUSD (USDⓈ-M Perpetual Contracts) on 2022-12-19 at 04:30 (UTC)

Notes:

• It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of the above USDⓈ-M Perpetual Contracts will be affected. To avoid being liquidated (i.e., margin ratio hits 100%), please add more margin to your USDⓈ-M Futures account or reduce your positions. It is recommended to control the margin ratio below 80%.
• Maintenance margin rate change will affect the funding rates of the above USDⓈ-M Perpetual Contracts. For more details on funding rate, please refer to Introduction to Binance Futures Funding Rates.

Further information:

• Liquidation
• Leverage and Margin of USDⓈ-M Futures Contracts

Source