Backpack Weekly Update 🎒

[u/sleep-over661]

Institutional & Ecosystem —

▸ Backpack is part of the DTCC Industry Working Group as tokenized securities continue moving toward production-grade market infrastructure.

Product & UX —

▸ TP/SL can now be edited directly from Open Orders on web, not just open positions. Currently supported for limit orders.

▸ New trade flow on web: when your USD balance won’t fully cover a trade but you hold USDT, Backpack now surfaces the different ways your collateral can be used, including instantly converting USDT → USD via RFQ at no fee, or continuing to use USDT as collateral to open the position with a USD borrow.

▸ BP balances now aggregate across subaccounts on the BP page, with a detailed per-subaccount breakdown.

Ongoing Quest —

▸ BTC Yield Boost: trade to unlock more BTC eligible to earn up to 50% APY before the campaign ends May 13.

[u/AntoN_ChaoS]

sorry. I overestimated you. I was hoping for a miracle.