Binance Futures Launches BFUSD: Purchase with Zero Fees and Share in 100,000 USDT Additional Annual Yield and Token Voucher Rewards!
The Binance Futures trading platform has launched BFUSD, a reward-based margin asset that provides rewards for eligible BFUSD balances held in the futures wallet of active Binance Futures users. BFUSD can also be used as margin in the joint margin mode while still earning rewards.
In simple terms: Originally, USDT held in USDT-denominated contracts does not earn interest, which is a disadvantage in a bull market.
However, the BFUSD introduced by Binance cleverly solves this problem.
Launch Time: November 27, 2024, 10:00 AM (UTC+8)
I tested it in the morning and found the following features:
1. Limited-time zero-fee purchase of BFUSD means you can convert USDT to BFUSD without any fees. However, I found out that redeeming does incur a fee of 0.1%, but it’s not a big deal, just the interest for three days.
2. Holding BFUSD and trading contracts earns an additional 10% annual yield.
Just open any contract; if you’re not into contracts, just open a BTC long position and close it.
How to Operate: On your mobile device, go to the futures interface.
I personally really like this feature because my main battlefield is still in futures, and most of my funds in futures are only used as margin, with no other use. I sometimes envy the many interest rates of DeFi products, but my money is occupied by margin.
The appearance of BFUSD solves this pain point. Although this feature is very simple, it really addresses the pain points and needs of users. I will always love Binance!
