Backpack: Lending feature launched and supports points rewards
Backpack has announced that its lending feature is officially launched on the X platform, allowing users to use assets such as BTC and ETH as collateral for loans and enjoy rewards points. Lending can earn floating returns, while borrowing involves liquidation risks. Currently, only lending services are offered, excluding Spot and Perptual Futures, and residents of Japan can now participate in the rewards points program.
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The crypto market today rose, with the NFT zone leading at nearly 9%, and ETH surpassing 3000 dollars.
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