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Backpack 🎒
@Backpack
The most powerful margin account in finance. Trade, borrow, spend, earn. $BP | @MadLads
Joined February 2022
804 Following    316.7K Followers
Backpack Weekly Update 🎒 Institutional & Ecosystem — ▸ Backpack is part of the DTCC Industry Working Group as tokenized securities continue moving toward production-grade market infrastructure. Product & UX — ▸ TP/SL can now be edited directly from Open Orders on web, not just open positions. Currently supported for limit orders. ▸ New trade flow on web: when your USD balance won’t fully cover a trade but you hold USDT, Backpack now surfaces the different ways your collateral can be used, including instantly converting USDT → USD via RFQ at no fee, or continuing to use USDT as collateral to open the position with a USD borrow. ▸ BP balances now aggregate across subaccounts on the BP page, with a detailed per-subaccount breakdown. Ongoing Quest — ▸ BTC Yield Boost: trade to unlock more BTC eligible to earn up to 50% APY before the campaign ends May 13.
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