3F integrates Bitwise's tokenized USCC fund with up to 17x customizable leverage, streamlining basis trading and reducing RWA friction.
DeFi & Yields ·
3F has integrated Bitwise's tokenized USCC fund with customizable leverage of up to 17x, according to an announcement by the platform. The integration is designed to streamline basis trading—a strategy that exploits price differences between spot and futures markets—by eliminating the need for manual position looping and reducing friction in real-world asset (RWA) trading.
Basis trading had largely receded from crypto markets but is being revived through this leverage mechanism. The 17x customizable setting allows traders to adjust their exposure dynamically rather than being locked into fixed leverage tiers. By embedding leverage directly into Bitwise's tokenized carry fund, which previously crossed $120 million in deposits on Aave's Horizon platform, the integration removes operational barriers that previously required traders to manually compound positions across multiple protocols.
It remains unclear whether the integration has launched to all users or is in a limited rollout phase, how trading volumes have responded, or whether other tokenized fund issuers plan similar leverage offerings. The specific mechanics of how the leverage is sourced and settled—whether through perpetual futures, lending markets, or another method—have not been detailed in available materials.