What to know:
- Deribit has unfurled a tantalizing rewards program for USDC holders, a quirk that promises to animate your capital efficiency and elevate collateral choices to heights unseen!
- As the stars align for July 2025, a 4% reward rate for USDC is announced, though beware—Coinbase has a penchant for whimsical adjustments.
- Spoiler alert: your eligibility for the USDC yield is like a game of musical chairs, determined by your earthly location, with a special shout-out to minimum equity held between July 15 and July 31.
In a world where crypto dances on the edge of infinity, Deribit—the titan of crypto options exchanges—has summoned a rewards program that makes eligible USDC holders feel like lottery winners in the grand bazaar of finance.
These juicy payments owe their very existence to Deribit’s clever dalliance with Coinbase, who plays custodian like a well-trained butler serving us the riches of the crypto realm. As of July 2025, we see a glittering 4% reward rate, but remember, dear reader, Coinbase enjoys its games and may redefine your expectations at any moment.
USDC, the second-best friend of dollar-pegged stablecoins, proudly waves its flag with a robust market value of $63.83 billion. Meanwhile, Deribit lounges comfortably, commanding a staggering 80% slice of the global crypto options pie.
Eligibility for receiving the UDSC yield cooks up complications—your location plays a starring role, with institutional users ensuring their places of incorporation and business are aptly scribbled on the VIP list.
Moreover, for the limelight of yield, USDC must reside directly with the benevolent arms of Deribit; an external custodian won’t do. If you’re tempted to go hybrid, only the USDC that’s cozy within Deribit shall count!
The first rewards will materialize in August 2025, calculated based on your minimum equity held each day between July 15 and July 31, because, why not make it just a touch more complicated? 🌀
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2025-07-15 16:21