Leading Cryptocurrency exchange Binance has officially unveiled BFUSD, a margin asset for futures trading that promises to revolutionize the user experience by offering attractive passive rewards. This new product will be available from November 27 at 02:00 UTC, with a strategy designed to maximize profits in both bull and bear markets.
What is BFUSD and how does it work?
BFUSD is not a traditional stablecoin, but rather a margin asset exclusively for futures trading on Binance. Users will be able to obtain daily passive rewards by holding BFUSD, even without making trades. Additionally, those actively participating in USDⓈ-Margined futures trading will have access to an improved APY, which varies depending on market conditions.
BFUSD Main Features:
Reward generation strategies
BFUSD employs two key methods to generate returns:
- Delta hedging: A strategy that balances positions in spot and futures markets to take advantage of funding rates.
- Ethereum (ETH) Staking: Complements BFUSD income through staking on the Blockchain.
Binance ensures that, despite market fluctuations, the APY will never be negative thanks to its reserve fund, which makes it an attractive asset for traders and holders.
Promotions and benefits
At its launch, Binance is offering a special promotion with no purchase fees until December 26. During this period, users will be able to earn additional rewards, such as 100,000 USDT in APY bonuses and USDT vouchers.
Additionally, transactions and rewards will be made exclusively in USDT, ensuring a stable and predictable trading experience.
What makes it unique?
BFUSD combines the benefits of a margin asset with a constant source of passive rewards. Unlike other similar products, Binance uses a proactive approach that protects users against negative funding rates and allows for maximizing returns in bull markets.
With this launch, Binance reinforces its position as a leader in innovation within the crypto ecosystem, providing its users with advanced tools to take advantage of market opportunities.
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