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Bitget Launches LSDETH Margin Trading with stETH Currency-based Contract Function

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On April 27th, Bitget officially launched LSDETH margin trading, which now supports the use of stETH as the currency based contract function for margin trading.

Bitget Launches LSDETH Margin Trading with stETH Currency-based Contract Function

On April 27th, Bitget officially launched LSDETH margin trading, which now supports the use of stETH as the currency based contract function for margin trading. At the same time, Bitget launched related air drop activities, with a total prize pool of 32 stETHs. The event is open from 18:00 on April 26th to 18:00 on May 3rd (UTC+8). It is reported that the pledge voucher obtained by users after pledging ETH is called LSDETH, and the names of LSDETH issued by different service providers vary. For example, stETH is one of them, with 1stETH=1ETH.

Bitget officially launches LSDETH margin

Introduction

On April 27th, Bitget officially launched the LSDETH margin trading platform. This new platform supports the use of stETH as the currency based contract function for margin trading. Along with this launch Bitget also introduced a related air drop activity with a total prize pool of 32 stETHs. This event is open from 18:00 on April 26th to 18:00 on May 3rd (UTC+8).

LSDETH Pledge Voucher

It is important to understand the concept of LSDETH pledge vouchers before jumping into the margin trading and stETH contracts. LSDETH is essentially a pledge voucher that is earned by the users after pledging ETH. The name of LSDETH issued by different service providers varies. For instance, in this new Bitget platform stETH is one of the LSDETH vouchers issued, with 1stETH equaling 1ETH.

Margin Trading with LSDETH and stETH

The new platform launched by Bitget allows users to trade cryptocurrency on margin using the LSDETH pledge vouchers. The availability of stETH on this platform makes it attractive for users seeking to trade ETH contracts. stETH is a wETH-based token, providing the added advantage of automatic rebalancing of the user’s underlying wETH position. Margin trading with stETH contracts allows users to hedge their positions, which makes this new platform an attractive investment opportunity.

How to Participate in the Airdrop

Bitget is offering a bonus of 32 stETHs in its air drop activity. Participating in the airdrop is simple. Users will have to create an account on Bitget and pledge ETH to receive LSDETH vouchers. Trading with stETH contracts will also allow users to participate in the air drop activity.

Conclusion

The launch of the LSDETH margin trading by Bitget and the subsequent air drop activity of 32 stETHs have clearly caught the market’s attention. The trading platform’s support for stETH contracts makes it an attractive investment opportunity for the traders of diverse backgrounds ranging from novices to seasoned crypto traders. Participating in the air drop activity could be a great opportunity for traders to begin exploring this new and exciting trading platform.

FAQs

1. What is LSDETH?
LSDETH is a pledge voucher that is earned by the users after pledging ETH, and is used in margin trading.
2. What is stETH?
stETH is one of the LSDETH vouchers issued by Bitget, with 1stETH equaling 1ETH.
3. How can I participate in the airstrop?
Users can participate in the air drop by creating an account on Bitget, pledging ETH to receive LSDETH vouchers, and trading with stETH contracts.

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