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Coinbase to Provide Tiered USDC Subsidies for Open Contract Positions
Summary: According to reports, Coinbase's derivatives platform has introduced a new feature today that provides tiered USDC subsidies based on users' open contract positions. This subsidy is directly comparable to products like BFUSD and USDE, offering users annualized returns based on their USDC collateral. For example, if a user has 1 million USDC as collateral and ...
According to reports, Coinbase's derivatives platform has introduced a new feature today that provides tiered USDC subsidies based on users' open contract positions. This subsidy is directly comparable to products like BFUSD and USDE, offering users annualized returns based on their USDC collateral. For example, if a user has 1 million USDC as collateral and opens a contract worth 2 million USD, the 1 million USDC collateral will naturally yield an 8% annual return. If a user has 10 million USDC as collateral and opens a contract worth 20 million USD, the 10 million USDC collateral will receive a 12% annual return.
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Link: Coinbase to Provide Tiered USDC Subsidies for Open Contract Positions [Copy]
