Bybit CEO responds to modifying ZEC contract parameters: All adjustments have a complete workflow archive, and manual adjustments are based on market decisions to protect users
04-14 16:01
Odaily News Bybit CEO responded to the modification of ZEC contract parameters on the X platform and disclosed the complete timeline: 2025-04-08 3:13 UTC, Binance ZEC price fluctuated repeatedly at 5%, causing Bn to be removed from time to time and added back from time to time. In this case, the index price is unstable, which is not good for users; therefore, the threshold is manually raised to 10%. 2025-04-13 03:54 UTC, Binance ZEC price triggered the 10% deviation threshold, and the component was automatically removed. 2025-04-13 04:32 UTC, Binance ZEC deviation ratio hovered at 10%, and was removed again after a brief re-entry. 2025-04-14 01:58 UTC, Binance automatically re-entered. 2025-04-14 08:04 UTC, Binance was automatically removed for a short time and then automatically re-entered. 2025-04-14 08:49 UTC, in view of the frequent removal/re-entry of Bn, the upper limit of Bn component weight is set to 50%. 2025-04-14 09:12 UTC, Binance was briefly removed and then re-entered. In view of Bybit's purpose of providing users with fair prices and preventing unstable price sources or abnormal jitters from bringing shocks to users in the market, risk control adjusted the ZECUSDT median deviation threshold from 10% to 20%; 09:28 effective to date. All adjustments have a complete workflow archive, and manual adjustments are made based on market conditions to protect users.
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