Lend allows you to earn a yield on 100% of your eligible holdings while also using the same lent assets to open positions. Unrealized gains are automatically cycled back into the Lending pool to generate further yields.
Enabling Auto Lend and Auto Realize PnL is recommended for maximum capital efficiency. Auto Lend is a subaccount setting that automatically lends all available assets sitting in a subaccount to the lending pool. When Auto Lend mode is enabled, users can seamlessly start lending by depositing assets to their subaccount or buying an asset with a lending market.
Auto Realize PnL automatically realizes profits and losses without reducing Perpetual Futures positions.
- Note: Preferences are separated by subaccount so make sure to enable in each individual one.
How to Enable Auto Lend
1) Navigate to the Lend dashboard and open the Margin Preferences menu.
2) Toggle on Auto Lend. This will automatically place your eligible assets into lending pools.
How to Enable Auto Realize PnL
1) Navigate to the Lend dashboard and open the Margin Preferences menu.
2) Toggle on Auto Realize PnL. This will automatically realize your profits.
Do you have questions or require further information?
Click the red Live Chat button in the lower right of your screen or contact us via email at: support@backpack.exchange
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