> For the complete documentation index, see [llms.txt](https://yubit.gitbook.io/yubit/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yubit.gitbook.io/yubit/other-help/announcements/trading-pairs/futures-new-listing-velvetusdt.md).

# Futures New Listing – VELVETUSDT

Dear Users,

To further enrich our futures trading offerings and improve the trading experience, YUBIT will list the following 1 USDT perpetual contract on the futures trading platform:

📅 **Listing Time:**\
July 3, 2026, 03:00 (UTC+0)

### 📊 Contract Details

| Parameter                        | VELVETUSDT    |
| -------------------------------- | ------------- |
| Underlying Asset                 | VELVET        |
| Settlement Asset                 | USDT          |
| Maximum Leverage                 | 20x           |
| Funding Fee Settlement Frequency | Every 4 hours |

***

⚠️ **Important Notes:**

* The funding rate cap/floor for this contract is **+2.00% / -2.00%**, and funding fees will be settled automatically every **4 hours**;
* YUBIT may dynamically adjust contract parameters based on market conditions, including but not limited to:
  * Funding rates
  * Leverage
  * Margin requirements

Thank you for your continued support and trust!

YUBIT Team

July 2, 2026