Deep Dive
1. Unified 90% Liquidation (25 November 2025)
Overview: KiloEx introduced a fixed -90% loss threshold for liquidations, regardless of leverage. This diverges from standard models where 100x leverage typically triggers liquidation at -50% loss.
The update modifies risk calculation logic in smart contracts to decouple liquidation thresholds from leverage multipliers. This reduces premature liquidations during volatile price swings, as seen during Bitcoin’s 25 November volatility where 70% of industry liquidations were long positions.
What this means: This is bullish for KiloEx because it offers traders more buffer against market noise, potentially attracting high-leverage users seeking reduced liquidation risks. (Source)
2. Spot DEX Launch (8 August 2025)
Overview: KiloEx expanded beyond perpetual contracts by launching a multi-chain spot DEX, initially supporting Solana and BSC with gas fees as low as $0.001 per trade.
The codebase integrated Solana’s high-speed transaction handling and optimized BSC’s existing infrastructure. Google login and on-chain transparency features were added to streamline user onboarding.
What this means: This is neutral for KiloEx as it diversifies product offerings but faces stiff competition. Lower fees could attract high-frequency traders, though adoption depends on liquidity growth. (Source)
3. Token Burn Mechanism (September 2025)
Overview: A one-time burn of 8.6M unclaimed $KILO tokens (nearly 1% of total supply) occurred on 16 September, paired with ongoing burns via xKILO vesting.
The update modified tokenomics logic to enforce irreversible burns, reducing circulating supply. Cumulative burns now total 10.17M $KILO (1.57M from xKILO + 8.6M unclaimed).
What this means: This is bullish for KiloEx because reduced supply could improve token scarcity, though price impact depends on sustained demand. (Source)
Conclusion
KiloEx’s recent code changes prioritize trader retention (liquidation buffer), ecosystem expansion (Spot DEX), and token value accrual (burns). With Bitcoin dominance at 58.9% and extreme fear sentiment (index: 16), will KiloEx’s risk-management upgrades help it capitalize on altseason rotations?