Binance Launches LDUSDT for Futures Trading and Earning Rewards
Binance will launch LDUSDT, a new product enabling users to trade crypto futures while earning rewards on locked USDT funds. This follows the introduction of BFUSD in November.
Key Features of LDUSDT
- LDUSDT serves as a reward-bearing margin asset.
- Access requires subscribing to Binance’s Simple Earn Tether (USDT) Flexible Product.
- Users can convert locked USDT into a margin asset for futures trading.
- Real-time APR is approximately 1.5%, updated every minute.
- Launch expected later this month.
Comparison with BFUSD
- Both are reward-bearing assets but serve different purposes.
- BFUSD involves complex delta-hedging and funding fees from staking.
- LDUSDT simplifies the process without the need for hedging.
- APR for LDUSDT will not fall below zero, aligning with policies for existing products.
Binance has over 10 million active users for its Earn products, part of a total user base exceeding 250 million.