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TRS funding at 1.8% versus 10.95% for BTC perps, Andre Cronje analyzes

TRS funding at 1.8% versus 10.95% for BTC perps, Andre Cronje analyzes
TRS beats BTC perps on funding cost

Andre Cronje, founder of Flying Tulip and former Chief Technology Officer (CTO) and board member at Sonic Labs, compares funding rates between BTC perpetual contracts and total return swaps (TRS).

He notes that funding to long BTC at 20x leverage is 1.8% with TRS, versus 10.95% on perpetual swaps. Cronje also points out that TRS positions carry no ADL (Auto-Deleveraging) risk and are available exclusively on Flying Tulip.

Cronje recently reported that FT Lend assets surpassed $15 million, with ftUSD approaching $5 million and daily buybacks above $1,000, according to platform data. He also highlighted that ftUSD yields remained stable at 10% for three months with liquidity against USDC and USDT. These updates follow his ongoing commentary on product performance and platform growth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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