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July 14th, 2026

  • Testnet: July 10, 2026 06:00 UTC
  • Mainnet: July 14, 2026 05:15 UTC
  • Conditional maker rebate eligibility is evaluated per trade:
    • If the Builder’s base maker fee is negative but the user’s trading fee is zero or positive, the Builder is not eligible for the maker rebate. Builder revenue before referral deductions equals the trading fee, not the trading fee minus the base maker fee
    • If the Builder’s base maker fee and the user’s trading fee are both negative, the Builder is eligible for the maker rebate. Builder revenue before referral deductions equals the trading fee minus the base maker fee
  • For eligible maker-rebate trades, net Builder revenue after referral deductions is calculated as: Builder fee (net Builder revenue) = trading fee - base maker fee - (referral rebate + referee rebate)

June 30th, 2026

  • Testnet: June 30, 2026 06:00 UTC
  • Mainnet: June 30, 2026 06:00 UTC
  • Pre-TGE market support through Permissionless Listing
  • Separate risk parameters for RWA markets during off-market sessions
  • Affiliate direct-referee remarks
  • Builder daily revenue history public API
  • Referral commission adjustment improvements
  • Referral and distributor codes extended to 15 characters
  • Admin API query improvements with optional account filters and 180-day query limits
  • Permissionless Listing and custom oracle workflow improvements

June 2nd, 2026

  • Testnet: May 29, 2026 06:00 UTC
  • Mainnet: June 2, 2026 06:00 UTC
  • FX PERPS support for HKD and KRW, plus Hong Kong and Korean stocks

March 10th, 2026

  • Testnet: March 6, 2026 06:00 UTC
  • Mainnet: March 10, 2026 06:00 UTC
  • Isolated margin support

January 27th, 2026

  • Testnet: January 23, 2026 06:00 UTC
  • Mainnet: January 27, 2026 06:00 UTC
  • Multilevel referral program
  • USD1 collateral listing
  • SOL withdrawal to Ceffu support
  • Cross-chain deposit disable/re-enable functionality
  • Point system documentation
  • System robustness improvements including database optimizations and rebalance enhancements
  • Performance improvements and bug fixes

December 23rd, 2025

  • Testnet: December 19, 2025 06:00 UTC
  • Mainnet: December 23, 2025 06:00 UTC
  • Vanguard referral program
  • Gold/Silver price feed integration
  • Zero downtime deployment
  • RWA base fee updates
  • System robustness improvements including trading checksum and reconciliation enhancements
  • WebSocket execution report symbol filtering
  • Batch update leverage functionality
  • Performance improvements and bug fixes

November 19th, 2025

  • Testnet: November 18, 2025 06:00 UTC
  • Mainnet: November 20, 2025 06:00 UTC
  • Permissioned Vaults support
  • Staking Revamp with buyback mechanism
  • YUSD collateral support on BNB Chain
  • Vault rebalance API enhancements
  • Trading bug fixes including funding rate and engine improvements
  • System robustness improvements and settlement risk considerations
  • RWA volume API support
  • SDK API enhancements including chain info filtering and TradingView kline historical data
  • Performance improvements and bug fixes

October 14th, 2025

  • Testnet: October 16, 2025 06:00 UTC
  • Mainnet: October 16, 2025 18:00 UTC
  • RWA (Real World Assets) Trading
  • OmniVault SEI network support
  • CCTP v2 upgrade
  • Minimum trading fees configuration at builder level
  • Position history updates for bankrupt cases
  • Enhanced liquidation message notifications
  • Tokenomics API updates for total and circulating supply
  • Strategy Vault enhancements including new endpoints and status logic
  • Trading enhancements and system improvements
  • Security enhancements and documentation updates

September 13th, 2025

  • Testnet: September 10, 2025 06:00 UTC
  • Mainnet: September 12, 2025 21:00 UTC
  • Multi-collateral support on Solana Chain
  • Custom leverage per symbol
  • Internal transfer enhancements with wallet signature
  • ADL enhancements for insurance fund protection
  • Security enhancements including withdrawal checks and monitoring
  • Referral code sub-accounts volume support
  • Custom builder tier
  • Enhanced liquidation info and multi-collateral improvements
  • Solana dex account deposit/withdraw for Strategy Vault
  • Campaign enhancements and builder whitelist withdrawal
  • Documentation updates and bug fixes

August 12th, 2025

  • Testnet: August 8, 2025 07:00 UTC
  • Mainnet: August 11, 2025 21:00 UTC
  • Ceffu (OmniVault) integration
  • OmniVault SP sub-accounts support
  • DEX account deposit/withdraw for Strategy Vault
  • Trading blacklist functionality
  • User fee rate API updates
  • Valor claim history endpoint
  • Trading system enhancements and bug fixes

July 10th, 2025

  • Testnet: July 2, 2025 10:00 UTC
  • Mainnet: July 10, 2025 06:00 UTC
  • Multi-Collateral support
  • Sub-accounts aggregate API
  • Campaign signup API
  • Performance improvements and bug fixes

June 3rd, 2025

  • Testnet: May 30, 2025 06:00 UTC
  • Mainnet: June 3, 2025 06:00 UTC
  • Sub-accounts support
  • Added Abstract and Plume mainnet support
  • TP/SL with limit order type
  • Strategy Vault upgrades including new endpoints and status handling
  • Auto-generated referral codes can now be edited
  • Fixed next funding time calculation
  • Performance improvements and bug fixes

April 29th, 2025

  • Testnet: April 25, 2025 06:00 UTC
  • Mainnet: April 29, 2025 06:00 UTC
  • Added Solana staking and trading rewards functionality
  • Implemented global max OI cap per market pair for improved risk management
  • Released public builder leaderboard for increased transparency
  • Strategy Vault optimizations:
    • Improved APY formula and calculation
    • Added 30-day APY metric to vault info
    • Enhanced TVL and PnL data accuracy
    • Added minimum withdrawal amount functionality
    • Implemented PnL maximum drawdown tracking
  • Updated Builder Daily API with additional metrics
  • Enhanced Reduce Only (RO) order logic for improved reliability
  • Added support for automatic generated referral codes
  • Improved announcement API with support for types and update times
  • Added realized PnL tracking to builder daily reporting
  • Enhanced referral API with sorting capabilities

April 1st, 2025

  • Testnet: March 28, 2025 06:00 UTC
  • Mainnet: April 1, 2025 06:00 UTC
  • Market maker reward leaderboard
  • Added filtering capability for Builder Admin to view non-default users

February 25th, 2025

  • Testnet: February 21, 2025 06:00 UTC
  • Mainnet: February 25, 2025 06:00 UTC
  • Added support for Monad testnet
  • Added Ledger support for Solana network
  • Updated API domain
  • Implemented chain-specific trading volume attribution
  • Updated tiered base fee structure for builders
  • Upgraded to Pyth Lazer for price feeds

January 21th, 2025

  • Testnet: January 17, 2025 06:00 UTC
  • Mainnet: January 21, 2025 06:00 UTC
  • GET /v1/referral/rebate_summary add a new field traded_referral to track referral trades during the specified date
  • GET v1/public/market_making_rewards/leaderboard support all markets, and add est_score in the response, est_score = final Q score
  • Roadmap page
  • update MM Reward Multiplier
  • minor improvements and fixes

December 24th, 2024

  • Testnet: December 20, 2024 06:00 UTC
  • Mainnet: December 24, 2024 06:00 UTC
  • Morph support
  • Story supported
  • $ORDER OFT and Staking on Avalanche
  • Price source from Hyperliquid
  • new query parameters for liquidation API
  • minor improvements and fixes

November 26th, 2024

  • Testnet: November 22, 2024 06:00 UTC
  • Mainnet: November 26, 2024 06:00 UTC
  • Avalanche support
  • Solana Mainnet supported
  • Reward Switch to esORDER
  • Pyth Integration
  • add pending treasury info to Valor pool info API
  • minor improvements and fixes

October 29th, 2024

  • Testnet: October 25, 2024 06:00 UTC
  • Mainnet: October 29, 2024 06:00 UTC
  • Solana testnet support
  • minor improvements and fixes

September 24th, 2024

  • Testnet: September 20, 2024 06:00 UTC
  • Mainnet: September 24, 2024 06:00 UTC
  • Funding rate history comparison API
  • Position History API
  • Fund transfer between accounts
  • unsettled PnL now considered in withdrawal checks

August 27th, 2024

  • Testnet: August 23, 2024 06:00 UTC
  • Mainnet: August 27, 2024 06:00 UTC
  • The $ORDER token has been released. Please check the $ORDER token overview
  • Trading rewards APIs
  • Market making rewards APIs
  • Staking & VALOR APIs
  • Minor bugfixes and improvements

July 30th, 2024

  • Testnet: July 26, 2024 06:00 UTC
  • Mainnet: July 30, 2024 06:00 UTC
  • New endpoint /v1/public/futures_market to get market volume filtered by builder
  • New endpoint /v1/public/balance/stats to get TVL (total balance & unsettled PnL) by builder
  • New endpoint /v1/public/campaign/check to verify that given address meets certain constraints in specific campaign
  • Minor bugfixes and improvements

June 25th, 2024

  • Testnet: June 21, 2024 06:00 UTC
  • Mainnet: June 25, 2024 06:00 UTC
  • Adding optional level parameter to /v1/order POST body, which allows to use the price of bid0 to bid4 or ask0 to ask4
  • Adding optional post_only_adjust parameter to /v1/order POST body. Default value is false. If it is set to true, then it will adjust price to 1 tick close to current best price. Only supported for POST_ONLY type orders
  • New endpoint /v1/get_broker to fetch all builders where given address has been registered
  • Performance improvements

May 28th, 2024

  • Testnet: May 24, 2024 06:00 UTC
  • Mainnet: May 28, 2024 06:00 UTC
  • Expanded to Mantle with USDC.e support
  • Added WebSocket topic for maintenance status
  • Added optional order_tag parameter to /v1/public/campaign/user
  • Added optional sorting parameters to /v1/volume/broker/daily
  • Removed fee from referral API responses
  • Added sort parameter to the GET referee endpoint
  • Performance improvements

April 16, 2024

  • Added bracket orders with stop loss and take profit alongside primary trades
  • Order APIs now return realized PnL per position for orders that close or reduce open positions
  • Added WebSocket topics {broker_id}${symbol}@ticker and {broker_id}$tickers to query builder volume per market
  • Added two endpoints for verifying and checking referral codes

March 12, 2024

  • Builders can choose which chains they operate on
  • Supported builders for each chain can be retrieved through GET /v1/public/chain_info
  • Rebates for trades with specific order_tag values can now be automated through the referral system
  • Added max slippage settings for market orders
  • Unfilled quantity outside the configured slippage is canceled
  • Added order_tag filtering to GET /v1/orders and GET /v1/algo/orders
  • Added referrer and referee rebate fields to GET /v1/referral/info
  • Added referral-code referee volume and fees to GET /v1/referral/rebate_summary
  • Added maker and taker volume breakdown to GET /v1/volume/broker/daily
  • Added total fees and builder rebate retrieval to GET /v1/volume/broker/daily
  • Added user_address and account_id filters to GET /v1/referral/admin_info
  • Added referral rebate split updates through POST /v1/referral/edit_split
  • Added total referrer and referee rebate fields to GET /v1/referral/admin_info
  • Added deposit, withdrawal, start account value, and end account value fields to campaign APIs
  • Increased GET /v1/volume/broker/daily update frequency from daily to hourly
  • Added address to GET /v1/volume/broker/daily

February 5, 2024

  • Added referral code generation and sharing
  • Added referral system endpoints under the Referral Program section
  • Added referral system documentation
  • Added Custom Trading Fee System for builder-specific fee structures
  • Added fee setting endpoints under the Fee Setting section
  • Deprecated fee tiers from /v1/public/fee_futures/program, /v1/broker/user_info, and account WebSocket
  • Added volume-based fee rate setting tool on GitHub
  • Added custom fee documentation
  • Added stop loss, take profit, and positional stop loss/take profit order types
  • Added Mark Price trigger support
  • Added automatic TP/SL cancellation when positions close
  • Added full-position and partial-position TP/SL management
  • Amended algo order endpoints to support the new order types
  • Added Delegate Signer support for Smart Contract trading
  • Added EIP-712 signature types for Delegate Signer functions
  • Added Delegate Signer on-chain function and APIs
  • Added Delegate Signer documentation

January 4, 2024

  • Added create, edit, cancel, and get algo order APIs
  • STOP orders are supported for now
  • Added deposit and withdrawal fees for cross-chain message costs
  • Added withdraw_fee to GET /v1/public/token
  • Added allowCrossChainWithdrawal to POST /v1/withdraw_request
  • Added PENDING_REBALANCE withdrawal status in REST and WSS
  • Added get account details API: GET /v1/public/account
  • Added get user statistics API: GET /v1/client/statistics/daily
  • Added get user fee tier API: GET /v1/broker/user_info
  • Added liquidation_tier parameter for each symbol
  • Added symbols array and high/low risk perps in POST /v1/liquidation

October 13, 2023

  • Added get vault chain info API
  • Added tag parameter for adding Orderly Key
  • Changed symbol format in get user info API from BTC to PERP_BTC_USDC

September 21, 2023

  • Added Claim from insurance fund endpoint
  • Added max_notional to Get Insurance Fund Info and Get Account Information responses
  • Added futures_tier to Get Account Information response

August 10, 2023

  • Added Get PnL Settlement History API
  • Added Liquidations on Account WebSocket API
  • Added reduce-only order type
  • Added limit_price to Claim Liquidated Positions API
  • Updated /insurancefund endpoint to /insurance_fund
  • Made symbol optional in Get Liquidated Positions of Account API