KEY TAKEAWAYS
- OKX is set to list RESOLV on its spot trading markets, with deposits starting on June 4, 2025, and trading commencing on June 10, 2025.
- To manage initial market volatility, OKX will implement risk control measures, including a $10,000 cap on limit orders and prohibiting market orders for the first five minutes of trading.
- The RESOLV/USDT listing will use a call auction mechanism, allowing users to place orders before official trading begins, with specific rules to maintain market order.
- RESOLV is a stablecoin protocol that generates income through basis trading and Ethereum staking, with a total supply of 1 billion tokens.
OKX has announced the listing of RESOLV (Resolve) on its spot trading markets, with a detailed timeline for deposits, auctions, and trading. The listing process will begin with RESOLV deposits opening at 10:00 am UTC on June 4, 2025. A call auction is scheduled from 12:00 pm to 1:00 pm UTC on June 10, 2025, followed by the commencement of RESOLV/USDT spot trading at 1:00 pm UTC the same day. Withdrawals will be available starting at 3:00 pm UTC on June 10, 2025. More details can be found here.
To manage market volatility during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after trading begins, market orders will be prohibited, and the maximum amount per limit order and net position per user will be capped at $10,000. These restrictions will be lifted after the initial five-minute period.
OKX will also apply price limit rules to ensure stability. Initially, closing price-based limits will be used until a stable index price is available. Once established, index-based limits will be applied. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.
Call Auction Mechanism
The RESOLV/USDT listing will utilize a call auction mechanism, allowing users to submit buy and sell orders at desired prices before official trading begins. The call auction will last for one hour, with specific rules in place to maintain market order. Each user’s buy orders during the auction cannot exceed $50,000, and in the last five minutes, orders can be placed but not canceled or modified.
Following the auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price, provided by the token project team, is for informational purposes and does not affect the execution prices of orders.
About RESOLV
RESOLV is a stablecoin protocol designed to generate income for stablecoin holders through basis trading and Ethereum staking yield. The asset, with the ticker RESOLV, has a total supply of 1,000,000,000. The contract address for RESOLV is 0x259338656198eC7A76c729514D3CB45Dfbf768A1.
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