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TokenInsight 中文
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Binance launches BFUSD, promising APY "will never be less than zero"
According to The Block, Binance is about to launch BFUSD, a "rewarded margin asset" designed to provide passive income.
The cryptocurrency exchange promised that the annual percentage yield (APY) of BFUSD "will not be less than zero" to protect holders from negative yields.
Binance officially launched BFUSD on Tuesday, this "rewarded margin asset" allows users to earn passive income by holding or trading futures, and the product is scheduled to go live on Wednesday (Asia time).
A Binance spokesperson told The Block: "BFUSD is a margin asset designed for futures trading that also provides passive income." He added: "BFUSD holders will enjoy a daily accumulated base APY, even if they do not trade futures, and eligible USDⓈ-Margin futures trading users will enjoy a higher enhanced APY on that day."
The cryptocurrency exchange promised that the annual percentage yield (APY) of BFUSD "will not be less than zero" to protect holders from negative yields.
Binance officially launched BFUSD on Tuesday, this "rewarded margin asset" allows users to earn passive income by holding or trading futures, and the product is scheduled to go live on Wednesday (Asia time).
A Binance spokesperson told The Block: "BFUSD is a margin asset designed for futures trading that also provides passive income." He added: "BFUSD holders will enjoy a daily accumulated base APY, even if they do not trade futures, and eligible USDⓈ-Margin futures trading users will enjoy a higher enhanced APY on that day."
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