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.