Perp-DEX KiloEx has announced the launch of the Super Trading Challenge. The total prize pool is 400,000 KILO/xKILO tokens, according to a press release.

The competition will run from January 29 to February 27, 2026. Participants will compete in two formats:

  • Daily Arena — a daily ranking based on trading volume. The top 10 traders receive bonuses each day. This format is designed for short-term strategies with high leverage;
  • Championship Ranking — a final ranking for the entire competition period. The top 20 participants by total volume will share the main prize pool of 400,000 KILO/xKILO.

Liquidation Protection Mechanism

KiloEx employs a uniform liquidation threshold of 90% of the initial margin, regardless of leverage. Positions with leverage of 2x, 10x, 50x, or 100x are forcibly closed only when 90% of the collateral is lost.

“On most competing platforms, the liquidation threshold decreases proportionally with increased leverage. The higher the leverage, the less 'buffer' the position has,” the platform representatives noted.

The KiloEx team provides calculations for a position with a margin of 1000 USDT.

With 50x leverage:

  • KiloEx — liquidation occurs at a 90% loss of margin;
  • Aster — liquidation occurs at a 75% loss of margin.

The difference is 15% — a position on KiloEx can withstand 1.2 times greater price movement.

With 100x leverage:

  • KiloEx: liquidation occurs at a 90% loss of margin;
  • Aster: liquidation occurs at a 50% loss of margin.

The difference reaches 40%. According to the platform's calculations, a position can endure 1.8 times greater volatility before forced closure.

“In simpler terms, with 100x leverage, a price 'wick' of 0.5% on Aster means liquidation of the position. On KiloEx, such a movement remains safe and poses no critical risk,” KiloEx explains.

The high liquidation threshold gives traders additional time to react to market fluctuations. In the event of a downturn, users have the opportunity to add margin to their position, open a hedging trade, or manually close it at a stop-loss.

The platform emphasizes the predictability of its rules: the 90% threshold is fixed and does not change based on market conditions.

Risk Warning

KiloEx stresses that late liquidation can lead to potential losses of up to 90% of collateral during significant market movements without retracement. The platform does not eliminate the risks of margin trading but provides a larger buffer before liquidation occurs.

Previously, ForkLog examined the evolution of crypto derivatives exchanges and explored the essence of the perp-DEX trend.