ChainCatcher news, according to the disclosure by the main organizer of the Benmo community, Super Jun, Coinbase's derivatives have updated new features today, providing tiered USDC subsidies based on users' open contract positions.

Super Jun stated, "This subsidy directly targets funding fee products like BFUSD and USDE. For example, if a user has a margin of 1 million USDC and opens a contract worth 2 million USD, then the user's margin of 1 million USDC naturally carries an annualized return of 8%; if the user's margin reaches 10 million USDC and opens a contract worth 20 million USD, then the user's 10 million USDC will receive an annualized return of 12%."