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The cryptocurrency exchange Binance is preparing to launch a new margin asset, LDUSDT, designed for its futures trading platform. LDUSDT will be the second asset in Binance’s category of “reward-generating margin assets.” This new asset allows users to leverage their locked USDT from Binance Earn in futures trading while also maintaining their passive earnings.
Combining Earnings and Liquidity with LDUSDT
Traditionally, users participating in Binance’s Simple Earn products were unable to use their locked USDT for other purposes. However, with the introduction of LDUSDT, this will change. Users can now convert their locked USDT balance into LDUSDT, enabling them to use it as margin in futures trading while continuing to earn rewards through APR.
According to Binance, LDUSDT will cater to users’ liquidity needs while allowing them to sustain passive earnings. This feature grants users the freedom to earn returns and trade without having to confine their capital to a single use, with the added assurance that the earnings rate will not drop below zero.
The Second Margin Asset Following BFUSD
In November 2024, Binance launched its first reward-generating margin asset, BFUSD. BFUSD offered APY earnings through buying USDT or USDC, delta hedging spot and futures positions, funding fee revenues, and staking rewards. However, LDUSDT distinguishes itself by integrating directly with Simple Earn, eliminating the need for additional transactions.
Jeff Li, the Vice President of Product at Binance, emphasized that LDUSDT enhances users’ capital efficiency by allowing them to utilize their assets for both earning and trading. Additionally, users will have the flexibility to repurpose these assets for various needs at any time.
Binance stated that like its Simple Earn products, LDUSDT will not produce negative APR, ensuring that users consistently achieve positive returns. Currently, Binance’s Earn products boast over 10 million active users, with the exchange’s total user base exceeding 250 million.
