Odaily Planet Daily News According to official news, in order to improve the fairness of transactions, LBank has officially established a $100 million contract risk protection fund and launched a double compensation mechanism for plug-in incidents. If a user suffers forced liquidation or stop loss due to plug-in in a contract transaction, LBank will pay 120% of the loss amount to minimize the user's loss. The compensation amount will be paid to the user's spot account in the form of USDT within 48 hours. At the same time, after each plug-in incident, LBank will also airdrop an additional 10,000 USDT to all position holders according to the position ratio to ensure that users who have not lost money can also share the benefits.
It is reported that this event applies to the top 100 contract trading pairs ranked by CoinMarketCap market value. This initiative aims to optimize the user's trading experience, reduce the risks brought by abnormal market fluctuations, and allow every user to participate in contract trading in a safer and more reliable environment.