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Coinbase to Provide Tiered USDC Subsidy for Unfilled Futures Positions
BlockBeats News, August 20th, according to BlockBeats community host Super Jun, Coinbase's derivatives product updated a new feature today, providing a staggered USDC subsidy based on users' open contract positions.
Super Jun stated, "This subsidy is directly comparable to BFUSD and USDE-like funding rate products. For example, if a user has a $1 million USDC collateral and opens a contract worth $2 million, then the user's $1 million USDC collateral will naturally earn an 8% annualized return. If a user has $10 million USDC collateral and opens a $20 million contract, then the user's $10 million USDC will receive a 12% annualized return."
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