- These are liquid-stacking derivatives
- The proof-of-stock assets act as margin
Cryptocurrency exchange Bitget announced that it has added LSD as a margin option to its futures program.
These are liquid staking derivatives that allow you to access blocked assets without having to withdraw them.
For now, Bitget only supports stETH, but the exchange plans to expand the list of available derivatives in the future. The trader can use LSD as collateral for futures with BGB margin.
This option is available from the “Personal Cabinet” of the user. Just log in, switch to the appropriate section and select LSD as your margin option.
What is LSD and what are the benefits of using this investment tool?. It can be used as collateral for loans as well as collateral.
This method of monetizing zastakaniye assets is flexible. The owner does not need to withdraw the blocked ETH to use it.
LSDs lower the entry threshold into the futures market for novice traders. Also, using these derivatives as collateral increases the liquidity of the steaks themselves.
“With this latest change, Bitget continues to strengthen its position as a leading crypto derivatives trading platform with many innovative products,” said Exchange Managing
Director Gracie Chen. “We are proud to be the first CEX to offer this feature to its customers and will continue to lead in integrating the most advanced investment solutions and options.
We previously reported that Bitget has updated its native token roadmap. In particular, the exchange will add a combustion mechanism to maintain the rate of the asset.
In particular, the exchange will add a combustion mechanism to maintain the rate of the asset.