Bybit CEO responds to modifying ZEC contract parameters: All adjustments are documented in a complete workflow, and manual adjustments are based on market decisions to protect users

Odaily Planet Daily News: Bybit CEO responds to modifying ZEC contract parameters on X platform and discloses the complete timeline: On April 8, 2025 at 3:13 UTC, Binance ZEC prices fluctuated repeatedly at 5%, causing Bn to be sometimes removed and sometimes added back. In this case, the index price is unstable, which is unfavorable to users; Therefore, manually increase the threshold to 10%. On April 13, 2025 at 03:54 UTC, Binance ZEC price triggered a 10% deviation threshold, and the components were automatically removed. On April 13, 2025 at 04:32 UTC, the Binance ZEC deviation ratio hovered around 10% and was briefly re entered before being removed again. On April 14, 2025 at 01:58 UTC, Binance will automatically re-enter. On April 14, 2025 at 08:04 UTC, Binance briefly automatically removed and then automatically re entered. On April 14, 2025 at 08:49 UTC, due to frequent removal/re-entry of Bn, the upper limit of Bn component weight is set to 50%. On April 14, 2025 at 09:12 UTC, Binance briefly removed and then re entered. Considering Bybit's aim is to provide users with fair prices and prevent unstable price sources or abnormal fluctuations from causing on-site impact, the risk control department has adjusted the ZECUSDT median deviation threshold from 10% to 20%; Effective from 09:28 until now. All adjustments have a complete workflow record, and manual adjustments are based on market conditions to make decisions that protect users.