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Understanding MEV and Its Impact on DeFi Trading Maximal Extractable Value (MEV) has become one of the most critical challenges in decentralized finance (DeFi). MEV refers to the profits extracted by

What Is Pi Network and Why It Matters Pi Network is a decentralized cryptocurrency project designed to make digital currency mining accessible to everyday users via smartphones. Launched on March 14,

Introduction to Permissionless Lending in DeFi Decentralized finance (DeFi) has emerged as a groundbreaking innovation within the blockchain ecosystem, offering financial services without intermediari

Going short means opening a position that profits when the price of an asset falls. On OKX, you can short any of the supported X-Perps markets, including BTC, ETH, SOL, ADA, DOGE, LTC, PEPE, PUMP, XRP, and SUI, using a sell position in the order panel. You profit if the price drops from your entry to your exit, and your loss is limited to the margin you put in (unless the position is liquidated). Short selling is one of the core advantages of derivatives over spot trading. In spot trading, you can only profit from rising prices. Derivatives let you express a view in either direction, meaning you can act on a negative market outlook, protect an existing portfolio from downside, or simply trade the full range of market conditions rather than just bull markets.

You now can earn up to 4.1% APY (rate and availability differ by market) on USDG balances, paid out weekly — no staking, no lockups, no hassle. Rewards are available on your USDG holdings on our app if you are in the United States, Australia, Latin America, CIS (excluding Russia and Ukraine) and Southeast Asia.

What is USDG? USDG is a U.S. dollar–linked stablecoin issued by Paxos , one of the world’s largest and most established regulated stablecoin issuers, also known for PAXG , its gold-backed digital asset. USDG is designed to maintain a stable value relative to the U.S. dollar. Stablecoins like USDG aim to provide more predictable pricing than volatile cryptoassets, which makes them particularly suitable for everyday use cases such as payments, transfers, and card spending . By combining blockchain technology with price stability similar to fiat currencies, USDG helps bridge the gap between digital assets and real-world value. USDG can be held, sent, and used within supported applications, including OKX Pay and the OKX Card , without requiring users to manually convert assets before spending.

What makes X-Perps different from other regulated European derivatives Most regulated derivatives venues in Europe have historically offered a limited product set: fixed-expiry futures that require active rollover management, or CFDs with high spreads and opaque pricing. X-Perps fill the gap. They bring the derivatives trading experience that professional traders are used to from global platforms, but within a fully MiFID-regulated framework in the EEA. This matters for two reasons. First, it means EEA traders can access a professional-grade derivatives product without routing flow offshore and accepting the risks that come with unregulated venues. Second, it means institutional and professional desks that require MiFID compliance can now trade perpetual-style contracts on a regulated basis, something that previously wasn’t available in Europe at the same level of execution quality.

Leverage is one of the most important concepts to understand before trading X-Perps (Expiry Perps) or any other leveraged derivatives product. It allows you to control a position larger than the capital you put in by using margin. This means both your potential gains and potential losses are amplified. A clear understanding of the mechanics of leverage and how to use it in your strategy is essential, as it could wipe out your entire margin faster than you think.

The OKX mobile app gives you full access to X-Perps (Expiry Perps) trading, the same markets, order types, and risk controls available on desktop, all within reach 24/7. Whether you are opening your first position or managing an active position on the go, the OKX app is designed to give you a complete trading experience without compromise.