The first day's earnings of $BFUSD are out.
Let me summarize first: only holding bfusd will enjoy the base interest rate. After trading the contract (the task must be done again every day), the margin corresponding to the position will enjoy the upgraded interest rate (there is a limit, it seems to be 1000 bfusd, check it yourself). Currently, there is no handling fee for subscription, but there is a 0.1% handling fee for redemption.
The calculation formula for earnings:
Amount * annualized yield / 365 = earnings
After transformation =>
Annualized yield = (income * 365) / amount
After bringing in my data, the average annualized yield yesterday is:
0.4898 * 365 / 1000 = 17.87%
Some friends don't know the entrance to this page. I'll tell you when I see it:
1. The bottom menu "Funds", the top menu "Contracts", and there is an entry related to "bfusd" in the middle column.
2. The contract trading page, the "..." menu on the top right, and then the bottom menu "BFUSD".
In conclusion: With the increase in the number of bfusd issued, the returns have obviously declined, and it is not recommended to use it as a financial product. When using bfusd as margin, the asset mode must be "joint margin mode" (must be full position) and it is easy to be liquidated by the joint position, and the risk becomes higher (if you originally use isolated position trading).
For asset mode modification, refer to the second item of the bfusd entrance above, in "Preferences".
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