**🚀 Binance Adds ZKsync (ZK) to Earn, Margin & Futures! 🚀**
**Dear Binancians,**
We are thrilled to announce that **ZKsync (ZK)** is now available on **Binance Simple Earn**, **Binance Margin**, and **Binance Futures** starting **June 17, 2024, at 11:00 (UTC)**.
**Earn**
- **ZK Flexible Products:** Users can now subscribe to ZK Flexible Products on Binance Simple Earn.
**Margin**
- **New Borrowable Asset:** ZK is now a new borrowable asset on Cross and Isolated Margin.
- **Trading Pair:** The ZK/USDT pair is available on Cross and Isolated Margin starting **June 17, 2024, at 11:00 (UTC)**.
- For the most updated marginable assets and detailed information on limits, collateral ratio, and rates, please refer to Margin Data.
**Futures**
- **USDⓈ-M ZK Perpetual Contract:** Binance Futures will launch this contract on **June 17, 2024, at 11:00 (UTC)** with up to 50x leverage.
- **Contract Details:**
- **Symbol:** ZKUSDT
- **Launch Time:** 2024-06-17 11:00 (UTC)
- **Underlying Asset:** ZKsync (ZK)
- **Settlement Asset:** USDT
- **Tick Size:** 0.0001
- **Capped Funding Rate:** +2.00% / -2.00%
- **Funding Fee Settlement Frequency:** Every Four Hours
- **Maximum Leverage:** 50x
- **Trading Hours:** 24/7
- **Multi-Assets Mode:** Supported
⚠️ **Important Notes:**
- The maximum funding rate for the ZKUSDT Perpetual Contract at launch is +2.00% / -2.00%.
- Funding fee settlement occurs every four hours:
- **2024-06-17 12:00 (UTC):** +2.00% / -2.00%
- **2024-06-17 16:00 (UTC):** +2.00% / -2.00%
- **2024-06-17 20:00 (UTC):** +2.00% / -2.00%
- **2024-06-18 00:00 (UTC):** +2.00% / -2.00%
- …and so on.
**Adjustable Specifications:**
- Based on market risk conditions, Binance may adjust the contract specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
**Multi-Assets Mode:**
- This mode allows users to trade the ZKUSDT Perpetual Contract using multiple margin assets, subject to applicable haircuts.
