Making money with BFUSD on Binance is an excellent way to earn passive income. Here’s a guide on how to do it:
1. Buy BFUSD
Registration: First, make sure you have a registered and verified account on Binance.
Funding: Fund your account with USDT, as BFUSD can only be purchased with this stablecoin.
Purchase: Go to the BFUSD section on Binance and make the purchase.
2. Keep BFUSD in your Futures Wallet
Daily Rewards: By simply holding BFUSD in your futures wallet, you can earn daily rewards in the form of USDT.
Base APY: BFUSD holders enjoy an annual percentage yield (APY) that accrues daily, even if they do not trade futures.
3. Trade Futures
Enhanced Rewards: If you trade futures with USDS-M margin while holding BFUSD, you can unlock higher daily APY rates.
Capital Optimization: BFUSD allows you to maximize your trading capital while maintaining liquidity.
4. Delta Hedge Strategy
Reward Generation: Binance funds BFUSD rewards through a delta hedge strategy that balances cryptocurrency assets between spot and futures markets.
5. Protection from Negative Funding Rate
Reserve Fund: Binance has implemented a dedicated Reserve Fund to protect users from potential negative impacts on funding rates.
For more details, you can check the Binance page.
If you need more information or have any other questions, let me know! 🚀💰