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."
You may also like
Gainers
Latest Crypto News
Hyperliquid Officially Launches Cross-Margin Auto-Deleveraging (ADL) Liquidation System
Today's $13 Billion Nominal Value BTC Options Expire, Maximum Pain at $98,000
A whale sold 100 wBTC, resulting in a total unrealized loss of $30.91 million.
Data: Significant On-Chain Accumulation of chips occurred in the $84,000 to $85,000 range, with two remaining resistance levels above.
South Korea: Two Police Officers Indicted in $186 Million Cryptocurrency Laundering Case
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]