KuCoin Will Merge 3 Leveraged Tokens
03/10/2025, 14:09:02
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens VRAUP, ID3L and ETH3L.
The details are as follows:
| Leveraged Token | Date | Ratio |
| VRAUP | 02:00 on March 14, 2025 (UTC) | 100,000:1 |
| ID3L | 02:00 on March 14, 2025 (UTC) | 100,000:1 |
| ETH3L | 02:00 on March 17, 2025 (UTC) | 100,000:1 |
1. Suspension of Subscription and Trading
We will suspend the subscription and trading of VRAUP/USDT and ID3L/USDT at 12:00 on March 13, 2025 (UTC), The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Token VRAUP and ID3L
At 02:00 on March 14, 2025 (UTC), all existing trade orders were canceled. We then take a snapshot of the VRAUP and ID3L balance in the user's account and combine the VRAUP and ID3L shares in the ratio of 100,000 = 1.
It is expected that the merger of the leveraged token VRAUP and ID3L will be completed at 11:00 on March 14, 2025 (UTC). If the merger is completed ahead of schedule, we will open the trading for VRAUP/USDT and ID3L/USDT accordingly. The subscription and redemption functions for VRAUP and ID3L will also be opened at this time.
3. Suspension of Subscription and Trading
We will suspend the subscription and trading of ETH3L/USDT at 12:00 on March 16, 2025 (UTC), The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Token ETH3L
At 02:00 on March 17, 2025 (UTC), all existing trade orders were canceled. We then take a snapshot of the ETH3L balance in the user's account and combine the ETH3L shares in the ratio of 100,000 = 1.
It is expected that the merger of the leveraged token ETH3L will be completed at 11:00 on March 17, 2025 (UTC). If the merger is completed ahead of schedule, we will open the trading for ETH3L/USDT accordingly. The subscription and redemption functions for ETH3L will also be opened at this time.
Notes:
1. KuCoin is going to adjust the price increment unit (API symbol: priceIncrement) of VRAUP/USDT, ID3L/USDT and ETH3L/USDT after the merger.
| Trading pair | Current price increment | New price increment |
| VRAUP/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| ID3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| ETH3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
2. For API users, please be noted that the adjustments of price increment may result in errors when you place orders. If your trading pair is included in the list above, please adjust parameters properly to ensure the smooth transaction.
Thanks for your support!
The KuCoin Team
Risk Warning：Leveraged Tokens investment (trade) is a risky one. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. KuCoin will not be liable to you for any loss that might arise from your use of Leveraged Tokens.
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