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👉🏻What is it?
BFUSD is a digital asset designed for futures traders on Binance, allowing users to earn daily rewards in USD stablecoins for their valid balances in the futures account.
👉🏻How does it work?
It functions as margin in futures accounts under the Multiple Assets mode, while simultaneously generating rewards.
👉🏻Rewards:
Users holding BFUSD in their futures accounts receive daily rewards in USD stablecoins based on the APY of their valid balance.
👉🏻Reserve Fund:
Binance has a reserve fund to protect users from potential negative funding rates, funded by a portion of the revenue generated from Binance's investment and hedging strategies, according to Binance Academy.
👉🏻Not a stablecoin:
Clarified by Binance, BFUSD is not a stablecoin but a token that generates rewards, according to Cointelegraph.
👉🏻Who is it for?
BFUSD is aimed at advanced traders looking for a way to earn passive income and increase their rewards in futures trading, according to El Dorado.
👉🏻How can it be used?
It can be used as margin in futures accounts under the Multiple Assets mode and can also be redeemed for USD stablecoins, according to Binance.
👉🏻What is BFUSD and how to use it as Margin in trading.