$BTC BFUSD is coming soon. Here’s how it works 👇

BFUSD is a reward-bearing margin asset created exclusively for Binance Futures users, not a stablecoin.

Rewards will be funded by delta-hedging spot and futures positions to receive funding fee income, as well as rewards from staking. A dynamic daily reward will be calculated, based on the previous day’s generated income, and distributed to all BFUSD holders in USD stablecoin.

A dedicated BFUSD Reserve Fund will protect from negative Funding Rates and will be initially funded by Binance. A portion of the generated income will be allocated to the Reserve Fund.

More details will be shared at our official launch - stay tuned!

Source: Binance

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