Turbos launches leveraged trading and lending pools powered by Deepbook and Abyss
According to Odaily, Turbos has officially launched a leveraged trading lending pool supported by Deepbook and Abyss technology. Users can provide assets to DeepBook's lending pool to earn sustainable real yields. Currently, the annualized yield for USDC deposits exceeds 20%, and users can also receive airdrop points rewards.
This launch includes four single-asset lending pools: SUI, USDC, DEEP, and WALRUS. Participation does not require trading. According to the official statement, the main sources of yield are: interest paid by margin traders, revenue sharing from leveraged position liquidations, and ecosystem incentive subsidies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank Group’s credit risk rises to a four-year high, as AI bets and acquisition rumors heighten leverage concerns
Due to increased market concerns over AI-related financing and potential large-scale acquisitions, SoftBank Group's credit risk indicator—the credit default swap (CDS)—has risen to its highest level in nearly four years.
Microsoft (MSFT.US) faces a "higher bar" after its rebound! Morgan Stanley remains bullish: Azure growth and Copilot commercialization are key drivers, target price set at $600
Morgan Stanley stated that Microsoft's stock price has recently rebounded, so the tech giant will face a "higher hurdle" if it wants to maintain its upward momentum.
Report: OpenAI plans to accelerate fundraising before Anthropic goes public
OpenAI is racing against time—in order to secure funding ahead of rival Anthropic’s IPO, the company has significantly compressed its fundraising timeline, aiming to complete approximately $30 billion in private financing, which could push its valuation past $1.4 trillion upon completion. Major investors such as SoftBank and MGX are already engaged in discussions. Both AI giants are targeting trillion-dollar valuations, and their largely overlapping investor bases are being forced to make simultaneous bets on both ventures within just a few days.
Crypto prices
More
