*~ What is " LDUSDT "and How to Use it as Margin in Futures Trading? | Sign up as a Binance user to get 100 USD worth of trading fee rebates now!~*
≈ LDUSDT represents your Simple Earn USDT Flexible assets and the accumulated rewards, in a transferable form within the Binance platform. LDUSDT accumulates USDT Real-Time APR rewards by growing in value in relation to the value of USDT, even when it is used as margin to trade Futures.
≈ LDUSDT is a reward-bearing margin asset that allows Simple Earn Flexible Product users to use their USDT Flexible Assets as USDⓈ-M Futures Trading margin, while still earning APR rewards from Simple Earn Flexible Products.
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≈ What are the Benefits of Holding LDUSDT?
~ Capital Efficiency: By holding LDUSDT, Simple Earn Flexible Product users can use their USDT Flexible Assets as margin for USDⓈ-M Futures Trading. This allows them to maximize the use of their assets under Simple Earn by trading Futures in Multi-Asset Mode.
~ Dual Earnings Potential: Holding LDUSDT allows users to earn Real-Time APR rewards from Simple Earn Flexible Product while also potentially profiting from Futures trading.
~ LDUSDT Value Growth: When users use LDUSDT for Futures trading margin, the value of LDUSDT will grow over time due to the accumulating Real-Time APR rewards from the Simple Earn Flexible Product.
≈ Convert your USDT Flexible Assets to LDUSDT.
a. If you have USDT in Simple Earn Flexible Products:
i. Tap [Swap], enter the USDT Flexible Assets amount you would like to swap to LDUSDT.
ii. View the Conversion Ratio* and the LDUSDT amount you will receive. Tap [Confirm].
iii. USDT will be deducted from your Earn Account and LDUSDT will be added to your USDⓈ-M Futures Account.
≈ Please note: *The conversion rate between USDT and LDUSDT is not 1:1. The conversion rate is updated every minute according to the Simple Earn USDT Real-Time APR. The USDT in your Earn Account will be reduced and the LDUSDT in your USDⓈ-M Futures Account will increase.
≈The Collateral Value Ratio is 99.9%.
≈ Reference APR 1.40%
≈1 USDT ≈ 0.905801 LDUSDT
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