PANews reported on July 15 that according to CoinDesk, cryptocurrency options exchange Deribit announced a new reward program for eligible USDC holders, aimed at providing users with more collateral options and improving the platform's overall capital efficiency. Deribit uses Coinbase as the USDC custodian, and Coinbase will pay rewards to users holding USDC through its platform. The yield is 4% until July 2025, but Coinbase will adjust it regularly. The ability to earn rewards depends on the user's location, and for institutional users, the registered address and main place of business will be considered. Users need to deposit USDC directly into Deribit or an external custodian to earn rewards, with only the portion stored in Deribit being calculated for mixed storage. The first batch of rewards will be distributed in August 2025, calculated based on the minimum equity from July 15 to 31.
Deribit Launches New Rewards Program for Eligible USDC Holders
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