Binance to launch BFUSD, a bonus margin asset for futures trading

avatar
MarsBit
11-19
This article is machine translated
Show original
According to Mars Finance news, on November 19, in response to the market news that "Binance will launch a new asset BFUSD with an annualized yield of 19.55%", Binance responded that BFUSD is not a stablecoin, but a reward margin asset for futures trading. Binance said it will soon share more details, including how the annualized yield rate (APY) is determined.

In addition, according to the release page of the asset, users can use BFUSD as collateral without the need to stake or lock up funds. Users only need to deposit the asset in the "UM Wallet" and it will be airdropped daily to their "UM Futures Wallet" based on hourly snapshots. The user's "VIP level" will determine their "BFUSD limit".

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments