NEAR options configuration

The reference configuration for the NEAR Dated Options contract:

Parameter	Value
Product type	Dated European Option
Symbol format	NEAR-USD-{Expiry}-{Strike}-{Type}
Base currency	NEAR
Quote currency	USD
Settlement currency	USDC
Price tick size	0.0001 USD
Order size increment	10 NEAR
Minimum order value	20 USD
Maximum order size	50,000 NEAR
Maximum open orders	150
Position limit	500,000 NEAR
Spot band factor	50%
IV band factor	50%

Margin Configuration

Cross Margin Requirements — cross-margin IMR/MMR parameters for trading options
Portfolio Margin — portfolio-level risk evaluation for reduced margin on hedged portfolios