Backpack Exchange is a cutting-edge trading platform built on advanced technology, offering seamless integration for futures, lending, and swapping.
It leverages secure and scalable infrastructure to ensure efficient trading, low latency, and a smooth user experience, with the added benefit of a multi-chain wallet for managing assets across various blockchains.
Hybrid Order Book: A mix of centralized order execution and decentralized custody ensures both efficiency and security.
Auto Lending Architecture: Deposited assets are automatically added to a lending pool, earning passive yield while remaining available for margin trading.
Interest on Unrealized Gains: Open position profits keep generating yield until they are closed, maximizing potential earnings.
Unified Cross-Margin System: All assets can be used as collateral across trades, improving capital efficiency.
Real-Time Profit and Loss Adjustment: The Auto Realize PnL feature allows partial profit or loss realization without closing the full position.
Yield-Generating Futures: Futures positions earn passive income, a feature not commonly found on other exchanges.
Potential Rewards
Backpack Exchange’s Season 1 rewards last for 10 weeks, where users can earn points through activities like trading, deposits, and using futures.
Points are distributed weekly every Friday, based on activity from the previous week (until Thursday 12 AM UTC), with criteria that update weekly and remain secret.
KYC is required to participate, which helps filter sybils and ensures rewards go to active users.
A retroactive snapshot was taken for OG users, rewarding those who participated early.
To maximize rewards, actively use the platform, including trading, swapping, and engaging in futures, while avoiding stablecoin trades.
Investors
Jump Exchange
Multicoin capital
Wintermute
Features
Institutional-Grade Trading Tools: Advanced tools and capital efficiency, typically available to institutional traders, are accessible to all users.
Low Trading Fees: Competitive fee structure designed to match the most cost-effective platforms in the industry.
High Liquidity and Market Stability: Institutional market makers provide deep liquidity, reducing slippage for better trade execution.
Flexible Collateral Options: Multiple assets can be used as collateral, offering more opportunities for margin trading.
Non-Financial Advice
Research: Explore project's documentation, audits, and community.
Understand risks: DeFi has vulnerabilities, market volatility, and token fluctuation.
Invest wisely: Only invest what you can afford to lose.
Beware of scams: Don't trust unsolicited outreach or guaranteed returns.
*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.
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Table of Contents
Introduction
Tasks
Fundamentals
Potential Rewards
Features
Non-Financial Advice
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