Backpack just took Stock/ETFs to a whole new level Backpack 🎒 has migrated to a fully fledged portfolio margining system; all its stock and ETF perpetual listings will automatically become eligible as collateral for spot assets. Traders can leverage, short, or hedge their equity exposure in the same wallet,... treating tokenized equities as core margin for on-chain derivative products. A new era of broker-like services is here, giving traders the ability to hold long-term equity exposure while implementing advanced hedging strategies.show more

@Backpack This is really another level of development Backpack launched. More product line could be added based on this capability.

@SolanaCoach @Backpack beautiful

@Backpack 👀

@Backpack One thing I like about your posts—you actually explain the “why.” You and @AUTIGER222 are two of the better market thinkers on my feed.

Backpack's new portfolio margining system is a game-changer! 🎯 Tokenized equities can now act as collateral, enabling seamless leverage, shorting, and hedging in one wallet. This broker-like functionality empowers traders to balance long-term equity positions with sophisticated risk management. The synergy between spot and derivatives is now on-chain, truly transformative for DeFi trading. 💡

@roberto_yonda @Backpack 🎒

@Backpack This is a pretty big shift for on-chain trading. Turning tokenized stocks and ETFs into collateral makes the line between traditional markets and DeFi a lot thinner.

@Backpack more on the shift toward tokenized equities:

@Backpack trade on backpack

@Backpack portfolio margining equities against crypto is absolute cheat code behavior, honestly kind of terrifying what people are going to do with that leverage. good luck to the margin call survivor group chat this quarter

@Backpack BoB 🎒

@Backpack I stopped complicating the process and started seeing progress. I keep thinking about what I've learned.

@Backpack Backpack 🎒

@Backpack Just use Backpack 🎒

@Backpack 🐐🎒