II. Announcement Regarding the New Launch of "Mark Price" on DOEX

Dear Users,
In an effort to mitigate the risk of price surges and unnecessary liquidations during periods of high market volatility, DOEX will be introducing the "Mark Price" on September 21st. The liquidation price and unrealized profit and loss will be calculated based on this Mark Price.

Important Notice:
We kindly request all users to upgrade their apps once the "Mark Price" is introduced. For users who do not upgrade, the application's original index price will be displayed as the Mark Price to ensure compatibility for those who haven't upgraded.
Any losses resulting from discrepancies in price display due to delayed upgrades will be the user's responsibility. To provide you with a better trading environment, we strongly recommend that all users update their apps.

What is the Mark Price?
The Mark Price is calculated by combining data from major spot trading platforms with a composite price, closely linked to the current market price. The liquidation price and unrealized profit and loss will be calculated based on this Mark Price.

What is the Last Price?
The Last Price represents the most recent trading price for a contract. In other words, it's the price at which the most recent transaction in the trading history occurred. This price is used to calculate your realized profit and loss.
Please note that the Mark Price and the Last Price may differ.

Advantages of the Mark Price:
1. Market Accuracy: The Mark Price experiences minimal short-term fluctuations, making it a more accurate reflection of an asset's actual market value. DOEX uses the Mark Price to prevent market manipulation.
2. Trading Fairness: It ensures that all participants trade under the same price conditions during high volatility periods.
3. Risk Management: Accurate Mark Prices assist in better risk assessment and reward evaluation.

Note:
In cases of extreme market conditions or significant disparities between spot prices and Mark Prices due to pricing source discrepancies, DOEX will implement additional protective measures.
Compared to the highly volatile price swings in perpetual contract prices, the Mark Price provides a better estimate and representation of the contract's intrinsic value. We use the Mark Price to prevent unnecessary forced liquidations for users and to guard against any market manipulation.

The DOEX Team

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