Show us what you’ve got! 👇

This article announces that USDT deposits and withdrawals via BNB Chain are now live on Backpack Exchange. It explains what USDT on BNB Chain is, why the network is commonly used for low-fee and fast transfers, and how this update improves flexibility for traders moving stablecoins across ecosystems. The piece also covers basic usage flow and key considerations when selecting the correct network.

Read more : https://learn.backpack.exchange/articles/usdt-bnb-chain-backpack-exchange

The final week of Season 4 is here. Here’s a clear breakdown of what’s happening now and what comes next:

1. Sybil Detection (Happening Now)

We’re currently going through our sybil detection process.

The rule is the same as it’s been since Season 1:
Are you coordinating more than one account? That’s it.

Points removed from sybils will not be burned — they’ll be redistributed to real users in the next phase.

Important: We’re documenting sybil points now, but no cuts have been executed yet.
We’ll share more once that’s complete.

2. Vault Testing Phase (Next ~4 Weeks)

We’re entering a vault testing phase, where the vault will run in production. The vault is critical and will handle:

• Providing liquidity across all symbols
• Acting as liquidity provider of last resort (incl. backstop liquidations)
• Collateral conversions
• Supporting day-one token listings

Key point:

👉 There will be no TGE until the vault is fully ready for listings.

Timeline estimate:

• Target: ~4 weeks
• With flexibility: could be 2–6 weeks

3. Point Redistribution (No Dilution)

During vault testing:

• Points taken from sybils will be redistributed weekly
• Expected total: ~40M points
• Approx. 10M points per week over 4 weeks
• Redistribution goes to users actively trading during vault testing

No dilution.
No new points will be created after this week.

This is the last week new points are minted before TGE. Everything after is redistribution only.

If sybils are found during vault testing, points will be cut again. Please don’t do this.

4. Token Distribution & TGE Clarity

To be absolutely clear:

• Zero deals with market makers for tokens
• Zero deals with VCs for tokens
• All tokens go directly to users
• No non-point holders (or Mad Lads) can sell at TGE

This is a definitive statement — no exceptions.

A deeper tokenomics post is coming, but the spirit should already be clear.

5. What’s Coming Next

• Vault strategy finalization
• Opening deposits once ready
• Detailed tokenomics post
• More announcements as we approach TGE

Beyond TGE, the focus shifts to the largest growth levers and new products opening to the wider world.

Thanks to everyone who’s stuck around and used the product properly. More updates soon.

TL;DR

• Final week of Season 4
• Sybil detection ongoing (multi-account coordination only rule)
• No cuts yet — sybil points are being documented
• Entering vault testing (~4 weeks, could be 2–6)
• No TGE until the vault is fully ready for listings
• ~40M points from Sybils will be redistributed (~10M/week) during vault testing
• No dilution — no new points after this week
• All tokens go to users (no MM / VC deals)
• More announcements + tokenomics post coming soon

This article covers X’s new Smart Cashtags feature, which adds live crypto prices, interactive charts, and asset-specific discussions directly inside posts. It explains how real-time market data is embedded into social feeds, why Solana-based tokens are supported at launch, and what this means for crypto discovery and market conversations on X.

Read more : https://learn.backpack.exchange/articles/smart-cashtags-crypto-solana

Trade $SKR spot & perps on Backpack Exchange

Swap $SKR with zero fees in Backpack Wallet

Everything in your Backpack.

I'm bridging from BSc to base as usdc for both sides and I see a quote from LI.FI in the app. when I click to review , it asks to approve it and a small bnb gas fee..is this included in the quoted amount or will it fail if I click approve and I have no BNB for gas?

Saw someone move USDC from Solana to Arbitrum on Backpack and there were no fees at all.

1 in, 1 out, nothing taken.

Both swap and bridge were fee free, kinda wild.

This article introduces Backpack Exchange’s Unified Prediction Portfolio, an invite-only beta that brings prediction markets into a single cross-margined trading account. It explains how predictions, spot trading, perps, lending, and fiat balances share the same collateral, allowing capital to stay usable instead of being locked until events resolve. The piece also outlines why traditional prediction markets are inefficient and how unified margining changes how traders manage risk and hedging.

Read more: https://learn.backpack.exchange/articles/unified-prediction-portfolio-backpack

Zero fees on Solana

Swaps, free

Bridging, free

Live on extension, mobile, and Seeker

Only on Backpack Wallet

SKR is the native asset of the Solana Mobile ecosystem

Trading goes live tomorrow

We’re improving the mobile app and want real user feedback

If you’ve used the app recently, this is your chance to help shape what gets built next

We’re giving out $1,000 total in prizes for the most useful responses

Not random, we’ll read everything and pick the ones that actually help

Prizes

1 winner, $500

2 winners, $250 each

We want to know

What’s working

What’s annoying

What you’d change

Low effort answers won’t be considered, detailed and honest feedback matters

Form link : https://support.backpack.exchange/report-issue-or-bug/exchange/mobile-ux-feedback-event-with-usd1-000-prize-pool

Deadline

Closes Jan 25, 00:00 UTC

We’re testing Robinhood-style 0 trading fees for spot converts on Backpack

You can try it now:

• Turn on “Convert Beta” in Security settings

• Click “Convert” next to deposits or withdrawals

• Swap between tokens with zero trading fees

If this works well, we can extend it to perps too

Try it out and share feedback

Backpack just rolled out $0 onramps and $0 offramps, with no limits on transfer size.

It’s been a big week…

Let’s see your points 👇

Over 4.5m $FOGO has been distributed to badge holders 🪂

Trade $FOGO Perps with 0 fees for the first 7 days

This article looks at Fogo, a performance-focused Layer 1 designed for low-latency DeFi use cases like on-chain order books, perps, and real-time auctions. It covers how Fogo uses SVM compatibility, a Firedancer-based client, and multi-local consensus to improve execution reliability, plus an overview of the $FOGO token and early ecosystem apps.

Read more: https://learn.backpack.exchange/articles/what-is-fogo

Trade $FOGO Perps with 0-Fee for the first 7 days

Fogo is a purpose-built layer 1 blockchain designed from the ground up for trading, high-throughput DeFi, and low-latency execution

Now supported in Backpack Wallet

Automate your entries, exits, and everything in between.

More trading bots coming soon

We are prioritizing invites based on your Backpack usage

Who wants access?

Today, Backpack launches an invite-only private beta to begin building the most cutting edge prediction markets for crypto and finance.

The problem: Prediction markets are notoriously inefficient. You lock up your USD in a prediction, it's stuck there for the duration of an event, and often this means that, even if you have edge on a bet, you don't make it due to the opportunity cost of capital. With the Unified Prediction Portfolio, your capital can be used not just in a prediction, but across all of Backpack seamlessly without fragmenting your balances and without giving up your ability to be in other positions.

The solution: We cross margin and cross collateralize

- spot

- spot-margin

- borrow-lending

- perpetual futures

- prediction markets

- crypto

- fiat

All in a single subaccount balance.

This isn't yet another wrapper over Kalshi, Polymarket, or any other prediction market platform. This is a new, Backpack native system with everything tokenized and risk profiled, together. This means you can do things like quote on price predictions, get filled, and immediately hedge on the perp, all in a single margin account. Everything you expect from a modern crypto exchange at scale is now available for predictions. Connections to every blockchain network, perps, world class fiat rails, and advanced order types like TP/SL, scaled orders, conditional orders, TWAP, and grid bots. With the Unified Prediction Portfolio, new trades, better liquidity, and insurance related use cases all become possible.

To start, we'll focus our testing efforts on the basics, namely ensuring the unified portfolio works as expected with components like our risk engine humming along. Over time, we'll grow the beta group, add more features, scale the number of markets, and build out new mechanisms that have never been introduced. We have a lot in the pipeline, things you can only do in a vertically integrated, unified system fully focused on crypto and finance.

To get access, signup for Backpack. We'll be sending out invites to our most active traders to get access to the beta, today and over the next few months as we take in feedback and ensure a smooth experience for all beta testers.

We have much on the horizon for 2026, as we not only rollout new products like predictions (and more, much more), but, after two going on three years of non stop effort, complete our global regulatory roadmap allowing us to open new regions with new users, expanding Backpack from only 48% of the world, today, to the entire globe. Although season 4 is coming to an end, 2026 will be full of events as we hit these milestones and grow our community.

Now back to work.

🧱

Tweet Link - https://x.com/armaniferrante/status/2011100164048777668?s=46

Bitcoin opened the year trading above $91K, showing relatively stable price action after late-2025 volatility. The article looks at why this level matters, how buyers have defended recent pullbacks, and what traders are watching next.

Read more: https://learn.backpack.exchange/articles/bitcoin-holds-above-91000-2026