Jupiter Lianchuang: Plans to increase the contract order limit by 4 times to allow users to establish larger positions

Odaily News Jupiter co-founder SIONG posted on X that the current limit for opening orders on Jupiter's contract trading platform for SOL is $2.5 million, and the limit for opening orders for BTC and ETH is $5 million. This is because under the current price impact mechanism, if the user's opening amount exceeds this limit, the price impact fee will be so high that it may directly lead to the forced liquidation of their positions. We are deploying a new price impact mechanism to completely solve this problem. After the new mechanism is launched, the SOL order limit can be increased to $10 million, and BTC and ETH can be increased to $20 million. If this limit is exceeded, we will have to further reduce the price impact fee, which will also affect JLP's returns, and the risk will be higher, so it needs to be carefully considered, but increasing the order limits for SOL and BTC and ETH to $10 million and $20 million respectively will be a good start.