📣 Update: Adjustment to BTC & ETH Profit Reserve

Flex is growing rapidly — with record-high collateral deposits and open interest across the platform. As a result, the borrow rate has been climbing.

To support a healthier trading environment and keep costs efficient for traders, we’re making a temporary adjustment:

🔧 Profit Reserve will be reduced from 3500% → 2500%  

This change will help reduce the borrow rate by decreasing FLP utilization (since Profit Reserve impacts it).

💡 Important Notes:
- This update applies only to new trades placed after the change goes live.
- Existing trades will remain at the 3500% setting.
- This adjustment reduces the portion of a trade subject to borrow interest.

📉 Less borrow base = Lower FLP utilization = Lower borrow APR

We’re continuing to scale FLP AUM, which will naturally push rates lower over time. This update ensures we remain a cost-effective, trader-friendly platform while we grow.

Thanks for building with us — more updates coming soon!