Deribit aims to enhance capital efficiency with a new rewards program for USDC holders, offering a 4% yield and rewards distribution starting in August 2025.
Deribit has launched a rewards program for eligible USDC holders, which will begin distributing rewards in August 2025. The program aims to improve capital efficiency on the platform and requires users to deposit USDC either with Deribit or through an external custodian. The yield is set at 4%, subject to regular adjustments by Coinbase, the custodian of USDC.