Backpack announced the launch of the Borrow / Lend feature in Japan, allowing users to earn floating income through lending without selling their assets, or to borrow funds by using BTC, ETH, SOL, XRP, USDC, etc. as collateral. This feature is also incorporated into the Backpack Point rewards system. Backpack reminds that there are liquidation risks associated with lending and borrowing, and currently, it does not cover Spot and Futures Trading.
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Backpack announced the launch of the Borrow / Lend feature in Japan, allowing users to earn floating income through lending without selling their assets, or to borrow funds by using BTC, ETH, SOL, XRP, USDC, etc. as collateral. This feature is also incorporated into the Backpack Point rewards system. Backpack reminds that there are liquidation risks associated with lending and borrowing, and currently, it does not cover Spot and Futures Trading.