🔸 Binance has unveiled BFUSD, a "reward-generating margin asset" designed to provide passive income through holding or trading futures with it. 🙂Base APY is credited daily to BFUSD holders, even without futures trading. Rewards increase when used as margin for futures trading. 🙂Historical data shows Base APY for BFUSD ranged from 12% to over 35% between November 20–25. 🙂Income is generated via delta-neutral positions in futures and staking assets like ETH, alongside mechanisms such as Ethena's USDe. A Binance representative clarified that BFUSD is "not a stablecoin," as it cannot be withdrawn from Binance Futures accounts or traded on the open market.
November 26, 2024 697 3
