Major updates have rolled out on ICP.Exchange, the first leveraged trading platform on Internet Computer, bringing a series of enhancements designed to refine trading experiences. Over the last two months, key improvements have been implemented, making the platform more adaptable to trader preferences while reinforcing risk management tools.
A notable upgrade is the introduction of Isolated Margin Mode, allowing users to toggle between Cross Margin and Isolated Margin. Cross Margin ensures dynamic adjustments to margin requirements based on position size, volatility, and liquidity, aiming to minimise unnecessary liquidations. It also incorporates equity isolation and real-time risk monitoring. On the other hand, Isolated Margin Mode deploys tiered liquidation strategies, enabling traders to set risk parameters for individual positions, offering a customised approach to leverage.
The platform has also expanded its order types. Market orders and Best Bid Offer (BBO) orders have been added alongside the existing limit orders. Future updates will include Take Profit and Stop Loss orders, further refining execution strategies for traders.
Trading fees have undergone adjustments to enhance liquidity. The fee structure has been optimised, giving maker orders fee reductions to incentivise liquidity provision, while taker orders incur slightly higher costs. This balance aims to maintain an efficient trading ecosystem while ensuring active participation.
Trade mining has entered its initial phase, introducing an innovative mechanism pioneered by the ICPSwap team on ICP.Exchange. While the first phase of development is complete, further details on the programme are expected soon. This initiative is set to reshape engagement strategies by rewarding active participants.
Risk control has been reinforced through the introduction of an insurance fund. A portion of trading fees and liquidation proceeds will contribute to this fund, acting as a buffer against unexpected market swings. Algorithmic optimisation has also been implemented, incorporating gradual liquidation strategies to prevent market shocks and cascading liquidations, which can destabilise traders.
Price accuracy has been improved through an enhanced index pricing and oracle integration model. The pricing system now aggregates data from multiple high-liquidity exchanges, ensuring a weighted approach that reduces the risk of manipulation. Decentralised oracles have been integrated to increase transparency and data integrity, while anomaly filtering has been introduced to remove outliers, stabilising price fluctuations.
Funding rate mechanisms have also received a comprehensive update and are currently undergoing internal testing. A dynamic algorithm has been developed to adjust funding rates based on market supply and demand, mitigating extreme imbalances. Settlements are scheduled periodically, such as every eight hours, to improve predictability. Additionally, real-time and historical funding rate data will be accessible, allowing traders to make informed decisions with greater transparency.
Fund flow tracking has been refined, enabling users to monitor asset movements with greater precision. This update provides deeper insights into financial activity, allowing traders to assess their capital movements more effectively.
The ICPSwap and ICP.Exchange teams continue their push towards building an optimised trading platform within the Internet Computer ecosystem. These latest upgrades reflect ongoing efforts to refine trading strategies, improve risk management, and ensure a secure environment for traders navigating the volatile digital asset market.
