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How do I enable Auto Lend and Auto PnL Realization on Backpack?
How do I enable Auto Lend and Auto PnL Realization on Backpack?

Lend allows you to earn a yield on 100% of your eligible holdings while also using the same lent assets to open positions. Unrealized gains are automatically cycled back into the Lending pool to generate further yields.

Enabling Auto Lend and Auto Realize PnL is recommended for maximum capital efficiency. Auto Lend is a subaccount setting that automatically lends all available assets sitting in a subaccount to the lending pool. When Auto Lend mode is enabled, users can seamlessly start lending by depositing assets to their subaccount or buying an asset with a lending market.

Auto Realize PnL automatically realizes profits and losses without reducing Perpetual Futures positions.

  • Note: Preferences are separated by subaccount so make sure to enable in each individual one.

How to Enable Auto Lend

1) Navigate to the Lend dashboard and open the Margin Preferences menu.

2) Toggle on Auto Lend. This will automatically place your eligible assets into lending pools.

How to Enable Auto Realize PnL

1) Navigate to the Lend dashboard and open the Margin Preferences menu.

2) Toggle on Auto Realize PnL. This will automatically realize your profits.

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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.

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