Anyone have staking FDUSD on Binance?

Crypto Library

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Update about my previous and first experimental investment on FDUSD on Binance.
I staked around 2k USDT in FDUSD for ENA tokens in the last Binance lunchpool and from that I got 66.6 ENA tokens worth 36.56(0.549 per token) Dollar. But I think I was a bit stupid because later ENA token became $1 plus. So my investment experience in lunch pool of Binance was good, if five to six lunch pool pads are launched in a month then I think it is possible to earn a good amount from here. So if anyone has lazy fund and what needs to be stable I will say they can take a risk on FDUSD to Binancenance Launch poolpad.
They next launch pool pad farming is already started on SAGA coin. I am also participating on it Grin

I will also make a update on this Wink

|MINER|

sr. member

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I have a doubt on your investment on FDUSD but recently they did really good approach and they are getting bigger day by day as the volume they are already goes up. So I think you can staking it for now. But my suggestion will be for you do convert fdusd when the new launch pool pad will be launched and then hold them before the ending of the launch pool and then after receiving the reward convert them into the usdt because I believe more on usdt. And in this case you will also able to get the apr from usdt flexible earing.

Bobrox

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Quote from: Crypto Library on March 29, 2024, 01:13:10 PM

Actually, I am interested in staking on finance I have already doing about 1.5k USDT on flexible staking. I am seeing that there is a great opportunity to earn some extra money by doing holding on flexible earning. Recently I am joining some Launchpool pad with holding BND on flexible staking where I have made some extra profit in month. But currently, I have some fund on my hand and it should be also stable otherwise I have the option to hold the bitcoin or others altcoins.
So now I want them to hold on to FDUSD will it be a wise idea or not? Note that if I don't hold the fundsin FDUSD then they must be held in USDT. Can I Trust FUSD is equivalent to USDT?

All logical suggestions are welcomed without the spamming

Staking trough FUSD not really worth depend allocation only 20% and reward separated for all user exactly FUSD have much staking than BNB, I remember last month when staking 10 BNB with reward allocation over 80% just earn $100 on ACE launchpool and I don't think you will earn above $10 with amount of your staking. But its not bad ideas because not risk yet when staking with FUSD as stable coins than Binance has potential price dropping after launchpool event ended.
Believe or not you earn few percent reward only and you can check by your self with reward distribution each one hour when staking of ENA begin tomorrow, you can compare with how much your ENA earning from $1,500 FUSD staking.

Adbitco

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Quote from: Crypto Library on March 29, 2024, 02:10:21 PM

Quote from: Adbitco on March 29, 2024, 01:37:10 PM

I am just seeing this coin you mentioned as stablecoin, but I never trade any of my coin to this stablecoin but I have traded and hold usdt. If you feels is secure and reliable to hold your asset you can hold it, the problems is how trusted is this coin if they can't decouple and lose it value just as terra usd did. You need to find study about them before leaving your asset in that coin, usually I hardly find them trusted unlike usdt better still hold BTC is more safer and reliable than altcoin.

Most of the people are not familiar with it especially because it came to the market in the third-Q of 2023. And it is also listed on Binance in July 2023. But I think many of those who are currently Binance users may know about it. Because it has built huge market cap in short time. Its market is currently ranked 52 number in the coin market. Moreover, its 24-hour market volume is at 5 number rank. And that's why I got interested in it.
I know that bitcoin is the best for holding, and I already follow DCA method for long-term bitcoin adoption for long-term holding. Now the thing is that I have already mentioned that I have to keep these funds stable because I will use them for my daily needs or in emergency situations. It may be that I can spend this entire fund after two months. So I want to do stable fund holding and also some extra earning through staking. Wink

Good then, you can hold as well stake it but however the duration of your holding won't affect your usage?
Let say if you stake the funds on FDUSD what is the unlocking period or do you plan to stake some part of and leave the rest for your expenses, with this it could be very easier for you to spend them when the needs arises without affecting your staking duration. I guess you understand what I mean.

batang_bitcoin

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If it's from Bitcoin and you have to convert it into FDUSD, I don't think that's worth it. That amount will get you a lot of airdrops there and they're passive income. But IMO, it's more worth it not to touch that Bitcoin you hold for the sake of buying FDUSD and putting it on Binance launchpool. I've made lots of airdrops there in the launchpool but I didn't converted my Bitcoin for that. Otherwise, if you are satisfied with the current price of BTC and you want to save some money and take the profit, that's your call and any price that you'd sell as long as you're happy to do that, it's your personal choice.

Crypto Library

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Quote from: Adbitco on March 29, 2024, 01:37:10 PM

I am just seeing this coin you mentioned as stablecoin, but I never trade any of my coin to this stablecoin but I have traded and hold usdt. If you feels is secure and reliable to hold your asset you can hold it, the problems is how trusted is this coin if they can't decouple and lose it value just as terra usd did. You need to find study about them before leaving your asset in that coin, usually I hardly find them trusted unlike usdt better still hold BTC is more safer and reliable than altcoin.

Most of the people are not familiar with it especially because it came to the market in the third-Q of 2023. And it is also listed on Binance in July 2023. But I think many of those who are currently Binance users may know about it. Because it has built huge market cap in short time. Its market is currently ranked 52 number in the coin market. Moreover, its 24-hour market volume is at 5 number rank. And that's why I got interested in it.
I know that bitcoin is the best for holding, and I already follow DCA method for long-term bitcoin adoption for long-term holding. Now the thing is that I have already mentioned that I have to keep these funds stable because I will use them for my daily needs or in emergency situations. It may be that I can spend this entire fund after two months. So I want to do stable fund holding and also some extra earning through staking. Wink

electronicash

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the market will be bullish soon so you might wanna compare how much you will be earning from staking against holding BTC while in a bull market.
it will be a good idea to stake when the bear market starts, this will be a better timing than now.

and FUSD is new, i think i saw this stablecoion for the first time in yobit. i would probably avoid it and just keep on USDT and since you are in finance i guess BUSD will make sense.

Adbitco

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Always Act Smart and Play Safe With Your Funds

Quote from: Crypto Library on March 29, 2024, 01:13:10 PM

So now I want them to hold on to FDUSD will it be a wise idea or not? Note that if I don't hold the fundsin FDUSD then they must be held in USDT. Can I Trust FUSD is equivalent to USDT?

I am just seeing this coin you mentioned as stablecoin, but I never trade any of my coin to this stablecoin but I have traded and hold usdt. If you feels is secure and reliable to hold your asset you can hold it, the problems is how trusted is this coin if they can't decouple and lose it value just as terra usd did. You need to find study about them before leaving your asset in that coin, usually I hardly find them trusted unlike usdt better still hold BTC is more safer and reliable than altcoin.

Crypto Library

hero member

Activity: 826

Merit: 753

Living Life with Hemophilia🤡

Actually, I am interested in staking on finance I have already doing about 1.5k USDT on flexible staking. I am seeing that there is a great opportunity to earn some extra money by doing holding on flexible earning. Recently I am joining some Launchpool pad with holding BND on flexible staking where I have made some extra profit in month. But currently, I have some fund on my hand and it should be also stable otherwise I have the option to hold the bitcoin or others altcoins.
So now I want them to hold on to FDUSD will it be a wise idea or not? Note that if I don't hold the fundsin FDUSD then they must be held in USDT. Can I Trust FUSD is equivalent to USDT?

All logical suggestions are welcomed without the spamming

Topic: Anyone have staking FDUSD on Binance? (Read 51 times)