$BNB

Binance launches yield-bearing stablecoin-like token BFUSD with roughly 20% APY :

Binance has launched BFUSD, a yield-bearing stablecoin-like token for futures and perpetuals traders, according to a Nov. 18 announcement.

BFUSD provides an annual percentage yield (APY) of approximately 19.55%, allowing users to earn daily rewards by holding BFUSD in their Binance futures accounts without the need to stake or lock funds.

According to BFUSD’s page, users can acquire the token through Tether USD (USDT) swaps. It maintains stability with a collateralization ratio of 105.54%, supported by a reserve fund holding 1.1 million USDT as of Nov. 17.

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Web3 social networks are reshaping the digital interaction landscape by prioritizing decentralization, user empowerment, and data sovereignty. Unlike traditional platforms, these networks operate on blockchain technology, giving users full control over their data and digital identities. They reduce reliance on centralized entities, enhancing privacy and reducing the risk of censorship. With token-based incentives, Web3 networks reward users for their content and engagement, fostering a participatory and equitable digital economy.

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