LBank launches VIP-only ’Futures Earn’ with up to 25% APR on USDT
LBank has launched ’Futures Earn’, a VIP-exclusive yield product that lets users allocate USDT earning assets to futures accounts to earn daily interest without interrupting trading. The feature is switchable and currently supports USDT only, with a tiered APR: positions up to 100,000 USDT earn 12% APR on the first 1,000 USDT and 3% on the remainder; positions above 100,000 USDT increase the first-1,000-USDT rate up to 25% APR while excess continues at 3%. LBank positions this as part of a diversified wealth-management suite (Locked, Futures Earn, Dual Investment) and says it has distributed over $46 million in earnings with peak annualized returns of 64.5%. The product aims to improve capital efficiency for futures traders, offer additional yield to high-net-worth users, and expand LBank’s tailored offerings for VIP clients.
Neutral
The product is a yield-enhancement feature limited to VIP users and restricted to USDT, so its direct market-moving potential is limited. Positively, higher APRs (up to 25% on the first 1,000 USDT for large accounts) could increase capital efficiency within LBank futures desks and attract or retain high-net-worth traders, raising platform liquidity for futures trading. However, the benefits are narrow (VIP-only, USDT-only, small high-rate band), making systemic effects unlikely. Risks include potential liquidity pull from spot markets into LBank futures and concentrated exposure of VIP funds, but those are platform-specific and unlikely to shift broader crypto prices. Historically, exchange-level yield products (e.g., margin/funding tweaks, exchange staking/earn launches) tend to have muted market impact unless offered at scale or accompanied by broader liquidity changes. Short-term, expect modest inflows to LBank futures and increased trading activity among VIPs; long-term, the feature may help LBank compete for high-value clients but is unlikely to change market structure unless expanded to more users and assets.