Coinbase to Provide Tiered USDC Subsidies on Open Contract Positions

According to Mars Finance news on August 20, Super Jun, the manager of the Benmo community, disclosed that Coinbase's derivatives have updated new features today, providing tiered USDC subsidies based on users' open contract positions. Super Jun stated, 'This subsidy directly corresponds to funding fee products like BFUSD and USDE. For example, if a user's margin is 1 million USDC and they open a contract worth 2 million USD, then the user's margin of 1 million USDC naturally earns an annualized return of 8%; if the user's margin reaches 10 million USDC and they open a contract worth 20 million USD, then that user's 10 million USDC will receive an annualized return of 12%. '