Starting on May 8, 2025, OKX will launch USDT-margined perpetual futures contracts for three innovative cryptocurrencies: WAL (Walrus), NIL (Nillion), and PLUME (Plume). These additions expand trading opportunities for users interested in decentralized data storage, privacy-focused computation, and real-world asset (RWA) blockchains. The new futures will be available across all platforms—web, mobile app, and API—enhancing accessibility and integration for both retail and institutional traders.
This update marks a strategic move to support emerging blockchain ecosystems with strong utility and long-term growth potential. Below is a detailed breakdown of the listing schedule, contract specifications, and key features of each digital asset.
📅 Listing Schedule
The perpetual futures contracts will go live in a staggered format to ensure smooth market onboarding and optimal liquidity:
- WAL/USDT: Trading opens at 07:00 UTC
- NIL/USDT: Trading opens at 07:15 UTC
- PLUME/USDT: Trading opens at 07:30 UTC
All times are based on Coordinated Universal Time (UTC). Traders are encouraged to prepare their strategies ahead of these launch windows to take advantage of early market movements.
👉 Discover how to maximize your trading strategy during new contract launches.
🔍 Overview of WAL, NIL, and PLUME
Each of the newly listed assets represents a unique sector within the evolving Web3 landscape. Understanding their core value propositions can help traders make informed decisions.
WAL – Walrus: Decentralized Data Storage
Walrus (WAL) is a decentralized network designed for storing large-scale data and rich media such as videos, audio files, images, and text. Unlike traditional cloud storage solutions, Walrus leverages blockchain technology to offer censorship-resistant, secure, and scalable storage infrastructure.
Ideal for developers and content creators seeking cost-effective, trustless hosting, Walrus aligns with the growing demand for decentralized alternatives to centralized platforms.
NIL – Nillion: Secure Decentralized Computation
Nillion (NIL) introduces a permissionless network that enables secure decentralized data storage and computation—particularly tailored for artificial intelligence (AI) and blockchain applications. By combining cryptographic techniques like multi-party computation (MPC), Nillion ensures data privacy while allowing computations without exposing raw data.
This makes NIL a compelling asset in the intersection of AI, privacy, and blockchain—sectors expected to see exponential growth in 2025 and beyond.
PLUME – Plume: Real-World Asset Blockchain
Plume (PLUME) is an EVM-compatible public blockchain optimized for the tokenization and integration of real-world assets (RWAs). From real estate to invoices and commodities, Plume streamlines the process of bringing tangible assets on-chain, improving liquidity, transparency, and accessibility.
With increasing institutional interest in RWAs, Plume positions itself at the forefront of bridging traditional finance with decentralized ecosystems.
👉 Learn how RWA blockchains like Plume are reshaping digital finance.
📊 Perpetual Futures Contract Specifications
All three USDT-margined perpetual futures contracts share standardized parameters for consistency and ease of use:
| Feature | Specification |
|---|---|
| Underlying Index | WAL/USDT, NIL/USDT, PLUME/USDT |
| Settlement Currency | USDT |
| Face Value | 10 units per contract |
| Price Quotation | 1 coin value in USDT |
| Tick Size | 0.0001 USDT |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Leverage & Funding Rates
- WAL: Up to 20x leverage
- NIL: Up to 50x leverage
- PLUME: Up to 20x leverage
The funding rate formula follows OKX’s standard model: clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%]
For detailed calculations, refer to OKX product documentation.
⚠️ Special Funding Rate Limit During Launch Phase
To prevent excessive fees due to volatility in newly listed contracts:
- The maximum funding fee will be capped at 0.5% until 16:00 UTC on May 8, 2025.
- After this time, it reverts to the standard cap of 1.5%.
- The first funding fee will be settled at 20:00 UTC on May 8, 2025.
Adjustments may occur based on market conditions to maintain fairness and stability.
🔐 Risk Management & Trading Best Practices
When trading newly listed perpetual futures, volatility is often higher than average. Here are some recommended practices:
- Start with lower leverage during initial price discovery phases.
- Monitor funding rates closely—especially around settlement intervals.
- Use stop-loss and take-profit orders to manage exposure.
- Stay updated via official announcements for any unplanned adjustments.
Traders should also familiarize themselves with OKX’s price limit mechanisms, which apply uniformly across all USDT-margined perpetuals to prevent extreme price deviations.
❓ Frequently Asked Questions (FAQ)
Q: What time zone is used for the launch schedule?
A: All times are listed in UTC (Coordinated Universal Time). Be sure to convert to your local time zone accordingly.
Q: Can I trade these contracts on mobile?
A: Yes. The WAL/USDT, NIL/USDT, and PLUME/USDT perpetual futures will be available on both the OKX web platform and mobile application.
Q: Why is the funding fee capped during the first day?
A: The temporary cap (0.5%) protects traders from unusually high fees caused by price imbalances during the initial trading phase when liquidity may still be stabilizing.
Q: Is there a minimum trade size?
A: The face value is 10 per contract, but you can trade fractional positions depending on your account balance and margin settings.
Q: How is the funding fee calculated?
A: It’s based on the premium index and interest rate differential between the perpetual contract and spot price. The formula ensures alignment with market fundamentals.
Q: Will spot trading be available for WAL, NIL, or PLUME?
A: This announcement covers only perpetual futures. Any future spot listings will be shared separately via official channels.
💡 Why These Listings Matter
The inclusion of WAL, NIL, and PLUME reflects OKX’s commitment to supporting high-potential projects driving innovation in decentralized infrastructure. These assets represent critical trends shaping 2025’s crypto landscape:
- Decentralized storage (WAL)
- Privacy-preserving computation (NIL)
- Real-world asset tokenization (PLUME)
As institutional adoption grows and regulatory clarity improves, assets tied to tangible utility are gaining prominence over speculative tokens.
👉 See how early adoption of emerging crypto sectors can boost long-term portfolio performance.
Final Thoughts
The launch of WAL/USDT, NIL/USDT, and PLUME/USDT perpetual futures offers traders diversified exposure to next-generation blockchain use cases. With flexible leverage options, transparent fee structures, and robust technical foundations behind each project, these instruments present compelling opportunities for strategic positioning.
Stay prepared for the May 8 rollout, monitor market sentiment ahead of launch times, and consider integrating these new tools into your broader digital asset strategy.
Always conduct independent research and assess risk tolerance before entering leveraged positions.