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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Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
