Binance Futures proudly introduces BFUSD —a reward-bearing asset providing Binance Futures traders with the opportunity to earn profits on eligible account balances. BFUSD can also be used as collateral in Multi-Asset Mode within Futures accounts while still earning rewards.
Starting at 09:00 on November 27, 2024 (Vietnam Time), users can purchase BFUSD on Binance Futures. Early adopters of BFUSD can enjoy exclusive free purchases.
Eligible users who purchase and hold BFUSD in their Futures accounts will receive daily rewards with a base APY! Additionally, those who hold BFUSD and trade USDⓈ-M Futures daily will receive boosted APY (higher than the base APY).
To celebrate the launch of BFUSD, Binance Futures will roll out three limited-time programs with exciting rewards. Get free BFUSD purchases for a limited time and share 10% bonus APY along with 100,000 USDT in token voucher rewards!
Program Period:
09:00 on November 27, 2024 (Vietnam Time) – 06:59 on December 27, 2024 (Vietnam Time)
Join Now!
Program A: Free Purchases for All BFUSD Transactions
During the program period, all VIP 0 to VIP 9 users eligible to purchase BFUSD will enjoy free purchases for all BFUSD transactions, subject to their VIP-tiered maximum holding limits
Note: Fees will still apply when converting BFUSD to stablecoin USD. For more details, refer to this FAQ.
Users do not need to register for Program A. Eligible users meeting the above criteria will automatically enjoy the free purchase benefits.
Program B: Hold BFUSD and Trade Futures to Earn a 10% Bonus APY
Eligible users who register for this program, hold BFUSD for more than 72 hours during the program period, and execute at least one USDⓈ-M Futures trade will earn an additional 10% bonus APY on top of the base or boosted APY.
The 10% bonus APY will only apply to BFUSD purchased and held during the program period.
Bonus APY is limited to the first 1,000 BFUSD purchased per user. A minimum purchase of 10 BFUSD is required to qualify for rewards.
The 10% bonus APY will be distributed on a first-come, first-served basis, based on holding and registration dates, until the 40,000 USDT reward pool is fully distributed.
Additional Notes:
If the 40,000 USDT reward pool for Program B is depleted, users may receive less than the expected rewards for their purchased tokens.
To earn rewards based on the base APY, users must hold BFUSD in their USDⓈ-M Futures wallet. For boosted APY (higher than the base APY), users must also complete at least one USDⓈ-M Futures trade each day to qualify for that day's rewards.
To qualify for the 10% bonus APY, users must hold BFUSD for more than 72 hours and execute at least one USDⓈ-M Futures trade during the program period.
The system will collect daily data on users' BFUSD balances and calculate rewards accordingly. After the program period ends, the accumulated rewards will be finalized based on the daily data collected.
Daily BFUSD holding calculation:
Daily BFUSD holdings = Total registered BFUSD - Total redeemed BFUSD
All references to base and boosted APY are for illustrative purposes only and do not indicate the actual reward rates for BFUSD, which may be higher or lower. Rewards are not guaranteed. APY can be as low as 0, in which case the base and/or boosted APY rewards will also be 0. However, eligible users can still earn the 10% bonus APY. Terms and conditions apply.
Program C: Hold More BFUSD to Share in a 60,000 USDT Milestone Reward Pool
The first 9,000 eligible users who register for the program and meet the minimum BFUSD holding requirements will qualify for rewards.
Users who reach holdings of 5,000 BFUSD or 10,000 BFUSD will receive additional rewards of 5 USDT and 10 USDT, respectively.
Rewards will be distributed on a first-come, first-served basis until the entire 60,000 USDT reward pool is allocated.
To determine final rewards, the system will collect data on users’ holdings at the end of the program period.
Eligibility requirements:
Minimum holding duration: 72 hours
At least 1 USDⓈ-M Futures trade completed during the program period.
Notes:
Each user is eligible for only one reward from Program C, either 5 USDT or 10 USDT, depending on which is higher.
If the higher reward pool is exhausted, users may receive the lower reward instead.
How BFUSD Works
BFUSD is an innovative product introduced by Binance that rewards Binance Futures users based on eligible BFUSD balances in their Futures accounts.
BFUSD can be used as collateral in Multi-Asset Mode within Futures accounts while still earning rewards.
It is redeemable for stablecoin USD, making it a stable and reliable option in the crypto market.
Daily Rewards:
Binance Futures users holding BFUSD in their Futures accounts are entitled to daily rewards in stablecoin USD at the base rate.
For users executing at least one USDⓈ-M Futures trade per day, rewards will be calculated at the boosted rate, which is higher than the base rate.
Reward Funding:
BFUSD rewards are funded by Binance's income generated through investment and hedging strategies, which include staking fees and funding fees.
To ensure stability and security for BFUSD holders, Binance has established a BFUSD Reserve Fund with an initial size of $1 million USD.
APY Determination:
The base and boosted rates depend on Binance's income from its strategies and current market conditions, including but not limited to specific funding rates on the Binance platform.
How to Purchase BFUSD
On the Binance Website:
Log in to your Binance account and navigate to [Futures] > [BFUSD Rewards].
Click [Buy] and enter the amount of BFUSD you want to purchase.
Accept the terms and conditions, then click [Confirm] to complete the purchase.
On the Binance App:
Go to [Futures], tap [...], and select [BFUSD].
Tap [Buy] and enter the desired purchase amount.
Start earning with BFUSD today!
