What is SAFU

CZ’s tweet ended by saying Stay #SAFU . So what is SAFU? SAFU is the "Safe Asset Fund for Users". It is an emergency insurance fund established by Binance in July 2018 to protect user funds. When the fund was established, Binance committed a percentage of transaction fees to grow it to a sizeable level to protect users.

The Safe Asset Fund was valued at $1 billion based on January's opening price on February 29, 2022, and the value of the fund will fluctuate based on the market. SAFU fund wallet includes BNB, BUSD and BTC

A Youtuber named Bizonacci uploaded a video called “Funds Are Safu”. SAFU got its name from this.