ChainCatcher news, according to The Block, Binance announced the launch of the yield-bearing margin asset BFUSD, which will officially go live on November 27 at 10:00 (UTC+8). Users can earn passive income by holding or trading contracts, and Binance promises that the annual percentage yield (APY) will never be less than zero.
According to a Binance spokesperson, BFUSD holders will receive a basic annual yield calculated daily, allowing them to earn income even without participating in contract trading. Additionally, eligible USDⓈ-M contract trading users can obtain higher enhanced annual yields on the same day. Historical data shows that from November 20 to 25, the basic annual yield of BFUSD fluctuated between 12% and 35%, while the enhanced yield reached 15% to 47%.
BFUSD is not a stablecoin and cannot be withdrawn from Binance contract accounts or traded on the open market; it can only be used as margin for Binance contract trading and can be exchanged 1:1 with USDT. This product generates income through a Delta hedging strategy between the spot and contract markets as well as Ethereum staking. It is currently open only to qualified Binance contract users in supported regions, excluding restricted areas such as the United States.
