Key Takeaways:
- With our Auto Lend feature you can seamlessly earn yield on your assets at all times.
- Picture a basis trade on Backpack: You can use your lent SOL as collateral, collect the lending rate, and also earn the funding rate from the futures leg.
Auto Lend
With our auto-lend feature turned on within a subaccount, all of your deposited assets in that subaccount are automatically entered into our lending pool, generating yield for you by default. These assets remain fully margin-eligible, eliminating the friction of having to manage separate “earn” accounts. Note: you can toggle this feature on and and off at any time.
- Automatically lend deposited assets within a subaccount
- Earn interest paid into the peer to peer pool
- Receive full collateral to trade on margin
- Redeem any time utilization permits
This means you can earn interest on your USDC, BTC, and SOL while using that as collateral to trade futures. Picture a basis trade on Backpack - you can use your lent SOL as collateral, collect the lending rate, AND also earn the funding rate from the futures leg.
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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.
