Coinbase will provide tiered USDC subsidies for open positions in contracts.

BlockBeats news, on August 20, according to the disclosure by the main person of the Benmo community, Super Jun, Coinbase’s derivation has updated new features today, providing tiered USDC subsidies based on users’ outstanding contract positions. Super Jun stated, “This subsidy directly corresponds to funding fee products like BFUSD and USDE. For example, if a user has a margin of 1 million USDC and opens a contract worth 2 million USD, then the user’s margin of 1 million USDC naturally brings an annualized return of 8%; if the user’s margin reaches 10 million USDC and opens a contract of 20 million USD, then the user’s 10 million USDC will receive an annualized return of 12%.”