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.

New this week at Backpack 🎒 Product & UX — ▸ BP Staking page now includes a tokenomics card and equity calculator to preview your share of the pool. ▸ TP/SL ROI presets on web: one-tap +10%, +25%, +50%, +100% for TP, with inverse presets for SL, available in both order and position management. ▸ Unclaimed rewards now grouped by asset, instead of separate line items. ▸ Quests now the default tab on Rewards. ▸ Countdown timer added to Quests, making campaign deadlines clearer. ▸ Russian language added to the web UI language picker. ▸ Borrow close now includes recallable lent USDC in available balance when closing a borrow (staked balance excluded). ▸ Sub-orders from scaled limit orders now show a “Scaled” badge in Open Orders and Order History, similar to TWAP. ▸ More web pages now mobile-friendly, including Leaderboard, Referrals, Volume, and Achievements. Ongoing Quests — ▸ BTC Yield Boost: trade to unlock the eligible BTC amount that can earn up to 50% APY. Your BTC remains fully usable as collateral. Until May 13. ▸ MEGA-PERP: 0-fee trading with all eligible fees fully rebated. Until May 7.

Your BTC should keep earning while you trade. ▸ Up to 50% APY on BTC ▸ Up to $50K in BTC rewards per user Unlock more by trading. Earn while it stays collateral. Join BTC Yield Boost:

Introducing Boosted USD Yield on Backpack — the newest benefit for $BP stakers and VIP members. Eligible users now earn an additional 0.50-3.00% APY on USD lending. The more $BP you stake or the more you trade, the higher your APY and limits. That's up to 7% APY based on current lending rates, all from borrow interest and stablecoin yield, all usable collateral to trade on margin. For more details, see