Backpack Exchange Upgrades Yield on Dollar Deposits to 5.56% APY
On May 12, according to official news, following the launch of Backpack’s USD in/out service, it has once again upgraded its USD stablecoin yield to 5.56% by overlaying a 4% US Treasury yield on top of the original lending yield.
The program seamlessly bridges traditional and crypto finance, aiming to provide users with a one-stop passive income solution.
To participate, users simply need to make a deposit and turn on ‘Auto Lending’.