In r/defi, Backpack is framed as a way to stack yields while trading by combining auto-lending and a liquidity vault under cross margin, blurring lines between spot, futures, lending, and borrowing in one balance.
backpack exchange has auto lending yield and a liquidity vault
auto lending earns you yield while you trade
blp liquidity vault just launched, cross margin so one balance covers spot futures lending and borrowing
been using backpack for a while and the defi features are genuinely underrated
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