The leading crypto exchange, Binance has announced to launch LDUSDT – a reward bearing token that will be used for futures trading on the platform.
As per the official announcement from the exchange, LDUSDT will be a reward bearing margin asset and it will be used for USDⓈ-M Futures trading pairs. Users would be able to swap their Simple Earn Flexible Product Assets into LDUSDT and they will also earn real-time APR rewards.
The launch of LDUSDT follows the launch of BFUSD, Binance’s first reward bearing margin asset. It allows users to earn APY from Binance’s hedging and investment strategies generating funding fee income and staking rewards.
“LDUSDT demonstrates Binance’s commitment to providing valuable products that benefit users,” says the exchange.
LDUSDT aims to enhance capital efficiency by removing the need for users to choose between earning passive rewards and maintaining liquid margin assets.
However, as noted in Binance’s Simple Earn terms, redemption delays may occur due to factors like extreme market volatility, network delays, or a high volume of simultaneous redemption requests from other users.
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