{"banner-subtitle":"Safely Earn Superior Rewards","banner-title":"BFUSD","base-apr":"Base APR","backing-notional":"Backing Notional","base-apr-tooltip":"This is the historical yield for BFUSD holders 1 day prior. It does not guarantee future results.","system-collateralized":"System Collateralized (%)","faq-lowest-balance":"Your lowest balance of BFUSD on a Calculation Day is used as the basis for determining the Qualifying Balance and the Reward Amount.","subscription-successful":"Subscription Successful","transparency":"Transparency","reserved-fund":"Reserved Fund","reserved-fund-tooltip":"The Reserve Fund acts as an additional margin of safety behind BFUSD to provide a source of capital to pay for periods of negative funding.","bfusd-supply":"BFUSD Supply","maximum-purchase-limit":"Maximum Purchase Limit","faq-supported-stablecoins":"At present, only USDT is supported. Purchases and redemptions are denominated and paid in USDT.","subscription-failed":"Subscription Failed","faq-title":"Frequently Asked Questions","faq-virtual-sub-accounts":"Virtual sub-accounts cannot purchase BFUSD. However, users can purchase BFUSD from their master account and transfer it to their virtual sub-account through this API: POST /sapi/v1/sub-account/futures/internalTransfer.","percentage":"Percentage","no-staking-required-title":"No Staking Required","faq-how-maintain-stability":"How does BFUSD maintain its stability?","buy-hold-title":"Buy and hold BFUSD to earn rewards","faq-example":"For example:","system-collateral-ratio-trend":"System Collateral Ratio Trend","coin-quantity":"Coin Quantity","earn-attractive-apr-desc":"BFUSD provides APR from funding fee and staking reward while protected by reserve fund.","bfusd-data-title":"BFUSD Data","faq-why-no-reward":"Why didn't I receive a Reward Amount?","no-records":"No records","unlock-trading-power-desc":"Enjoy close to 100% CVR(Collateral Value Ratio) when trading futures under multi-asset mode.","faq-remove-stablecoin-support":"Binance also has the right to remove the support for any particular USD Stablecoin (including, without limitation, USDT) at any time.","faq-delta-hedging-example":"For instance, for every 3,000 BFUSD, Binance buys 3,000 worth of ETH on the Spot market and takes an equivalent short position in Futures at the same price. If ETH's price rises to 4,000, the Spot position gains 1,000, while the Futures position records a 1,000 loss, effectively locking the ETH value at 3,000, and the same principle applies if the price drops.","system-collateralized-tooltip":"The collateralization percentage of the system, it represents the health status of BFUSD.","faq-when-receive-stablecoin":"When will I receive my USD stablecoin after redemption?","faq-more-info":"For more information, please refer to this FAQ:  <a>[How is the APR for BFUSD Holders determined]</a>","faq-sub-accounts":"Yes, master and sub-accounts can purchase BFUSD.","solvency":"Solvency","faq-how-calculate-reward":"How do I calculate my daily reward?","faq-calculation-day":"<span>Calculation Day:</span> 00:00:00 to 23:59:59 UTC","portfolio-title":"My BFUSD","reserve-fund-trend":"Reserve Fund Trend","faq-managed-sub-accounts":"Managed Sub-Accounts cannot purchase BFUSD.","faq-why-cant-purchase":"Why can't I purchase BFUSD?","day":"Day","no-staking-required-desc":"Simply hold BFUSD to earn daily rewards.","try-again":"Your subscription has failed. Please try again.","to":"To","bfusd-supply-tooltip":"Total BFUSD amount in circulation.","bfusd-apr":"BFUSD APR","total-supply-trend":"Total Supply Trend","protocol-apr":"Protocol APR","faq-which-stablecoins-supported":"Which USD Stablecoins are supported?","faq-stablecoin-credit":"USD Stablecoin will be credited to your <a>[Spot Wallet]</a> immediately after a successful redemption, subject to regulatory and compliance restrictions.","earn-attractive-apr-title":"Earn Attractive APR","max":"MAX","faq-can-use-as-margin":"Can BFUSD can be used as margin for Coin-M Futures, Grid Trading or Copy Trading?","faq-reward-example":"If a user holds 10,000 BFUSD yesterday, and previous day's applicable APR is 30%, the user's daily reward is as follows:","faq-coin-m-futures":"No","faq-frequently-asked-questions":"Frequently Asked Questions","apr":"APR","faq-can-use-subaccount":"Can I use a sub-account to purchase BFUSD?","unlock-trading-power-title":"High Capital Utilization","faq-stablecoin-changes":"Where Binance makes changes to the form of USD stablecoin supported, the USD stablecoin you use to purchase BFUSD may not be the same USD stablecoin that will be credited on redemption, and/or the USD stablecoin used to credit rewards may change.","holdings":"Holdings","what-is-bfusd":"What is BFUSD?","back-to-bfusd":"Back to BFUSD","faq-risk-disclosure":"The above description of risks is not exhaustive. Please find further risk disclosures in the <a1>[BFUSD Terms]</a1>. Please also refer to the <a2>[General Risk Warning]</a2> and <a3>[Responsible Trading]</a3> page.","faq-rewards-funding-fees":"Rewards received from BFUSD holding does not disqualify users from receiving funding fees on their own hedging strategies.","faq-future-stablecoin-support":"Binance has the right to provide support for further USD Stablecoins in the future.","faq-delta-hedging-strategy":"Binance utilizes a delta-hedging strategy by holding long positions in the Spot market while simultaneously opening short positions in the Futures market to stabilize value.","positions":"Positions","derivatives-apr":"Derivatives APR","faq-purchase-requirements":"You need to have supported USD Stablecoin assets in your <a>[Spot Wallet]</a> first. Portfolio Margin and Portfolio Margin Pro accounts will need to check the max withdrawal amount to purchase and redeem their Portfolio Margin account.","position-size":"Position Size (Qty)","from":"From","faq-reward-calculation":"The Reward Amount for a Calculation Day will be calculated by Binance and distributed in USD stablecoin to the UM futures wallet on the following day at around 05:00 to 06:00 UTC. Kindly note that the distribution time is not guaranteed and may change from time to time. <br> The Reward Amount for each Calculation Day (CD) will be calculated as follows:","terms":"I have read and agreed to <a>BFUSD Service Terms &amp; Conditions</a>","learn-more-bfusd":"To learn more about BFUSD, please refer to our <a>FAQ</a>.","last-updated-on":"Last updated on {{date}}","earn-apr":"Earn APR","faq-please-note":"Please Note:","notional-value":"Notional Value (USDT)","derivatives-apy":"Derivatives APY","total-earning":"Total Earnings","meta-title":"BFUSD on Binance - Earn Daily Rewards with a Reward-Bearing Asset","meta-description":"BFUSD is a reward-bearing asset redeemable for USD stablecoin. Earn daily rewards by holding & use it as margin in futures trading to earn while you trade.","warning-existing-user-holding":"Existing users holding BFUSD in their Futures wallet need to transfer the asset to their Spot wallet before proceeding with the redemption.","30d-avg-apr":"30D Avg. APR","180d-avg-apr":"180D Avg. APR","current-redemption-fee-rate-is":"Current redemption fee rate is <primary>{{feeRate}}</primary>","redemption-fee":"Redemption Fee ({{feeRate}})","faq-will-apr-be-negative":"Will the APR of BFUSD be negative?","faq-here-are-other-possible-reasons":"Here are the other possible reasons:","faq-zero-purchase-fee-promotion":"There is an ongoing promotion where users can enjoy zero Purchase Fees for BFUSD. For more information, refer to this announcement: <a>Binance Futures Extends the BFUSD Zero Purchase Fee Promotion (2025-03-31)</a>.","faq-less-than-minimum-in-wallet":"Your lowest balance of BFUSD on a Calculation Day is used as the basis for determining the Qualifying Balance and the Reward Amount (as determined by Binance measuring balances periodically during that Calculation Day).  If the snapshot is less than 0.01 BFUSD, no rewards will be issued.","Redemption Fee":"Redemption Fee","faq-stablecoin-credit-v2":"USD Stablecoin will be credited to your <a>Spot Wallet</a> immediately after a successful redemption, subject to regulatory and compliance restrictions.","faq-no-reward-on-first-and-last-day":"You may not be entitled to a Reward Amount in respect of the first UTC day on which you purchase BFUSD nor in respect of the last UTC day on which you cease to hold BFUSD.","faq-purchase-requirements-v2":"You need to have supported USD Stablecoin assets in your <a>Spot Wallet</a> first. Portfolio Margin and Portfolio Margin Pro accounts will need to check the max withdrawal amount to purchase and redeem their Portfolio Margin account.<emptyLine/>When there is insufficient BFUSD available for purchase, please try it later.","faq-more-info-v2":"For more information, please refer to this FAQ: <a>How is the APR for BFUSD Holders determined</a>","faq-reserve-request-right":"Binance reserves the right to cancel or refuse a pre-buy request at any time and for any reason.","redemption-limit-desc":"<bold>Redemption Limit</bold> per Master or Sub-Account (in BFUSD)","faq-apr-can-be-zero":"Please check the <a>published APR</a> for the day in question. Note that the APR may be zero for any particular day, which may be due to Funding Fees costs in respect of short futures positions.","faq-maximum-limit-is-independent":"The maximum purchase limit is independent among master or sub-accounts.","faq-conversion-with-USD":"What is the conversion rate between USD stablecoin and BFUSD? How much is the Purchase Fee when buying BFUSD and the Redemption Fee when converting back to USD stablecoin?","USD Stablecoin":"USD Stablecoin","last-day-apr":"Last Day APR","faq-minimum-zero":"The APR is subject to a minimum of zero. The APR for any day may be zero, but never less than zero.","faq-exchange-with-USD":"BFUSD can be exchanged from and to USD stablecoin at a conversion rate of 1:1. Both the Purchase and Redemptions are subject to fees as per the table below. The fees are incorporated in the conversion quote displayed on the Platform prior to confirmation of the purchase and redemption transaction. Binance reserves full discretion to adjust the Purchase Fee and Redemption Fee from time-to-time.","faq-subscription-and-redemption-limit":"What is the Redemption Limit for BFUSD?","Purchase Fee":"Purchase Fee","faq-to-monitor-more-changes":"To monitor more real-time changes in the maximum holding limits, refer to our <a>Trading Rules</a>.","faq-no-reward-on-partially-changed-asset":"To the extent you purchase additional BFUSD or partially redeem your holding of BFUSD during a UTC day, that purchased/redeemed amount of BFUSD will not count towards your Qualifying Balance for the Calculation Day and you will not receive a Reward Amount in respect of that newly purchased/redeemed BFUSD for that Calculation Day.","faq-can-use-as-margin-v2":"Can BFUSD be used as margin for Coin-M Futures, Grid Trading or Copy Trading?","faq-reward-calculation-v2":"The Reward Amount for a Calculation Day will be calculated by Binance and distributed in BFUSD to the Spot account on the following day at around 05:00 to 06:00 UTC. Kindly note that the distribution time is not guaranteed and may change from time to time.<emptyLine/>The Reward Amount for each Calculation Day (CD) will be calculated as follows:","subscription-fee":"Subscription Fee ({{feeRate}})","7d-avg-apr":"7D Avg. APR","faq-redemption-limit-according-to-vip-level":"Please check the table below for details:","VIP Level":"VIP Level","faq-no-holding-limit":"There is no limit for BFUSD Holdings.","faq-holding-limit":"What is the Holding Limit for BFUSD?","faq-based-min-holding":"BFUSD rewards are calculated based on the minimum holding amount recorded in the account snapshot for the day, with rewards distributed on the following day. Therefore, if you subscribe on June 1 (where the snapshot shows a minimum balance of zero), you will typically see the rewards on June 3rd .","faq-snapshots-accounts":"BFUSD holdings in Futures/Spot/Funding/PM/Trading Bots/Margin accounts will all be included in the snapshot.","faq-random-snapshots":"Binance will take random snapshots of all eligible accounts approximately once every hour. The lowest aggregated BFUSD balance captured during those snapshots on each Calculation Day will constitute your Qualifying Balance and be used to calculate your rewards. Rewards will be distributed to four decimal places.","faq-account-can-rewards":"BFUSD holdings in Futures/Spot/Funding/PM/Trading Bots/Margin accounts will all be included in the snapshot.","faq-which-account-can-rewards":"Which account can I get the rewards for holding positions?","Amount":"Amount","redeem-amount":"Redeem Amount","faq-two-redemption-methods":"There are two methods for redemption: <b>Fast Redemption</b> for instant access and <b>Standard Redemption</b> for larger amounts.","faq-fast-redemption-large-holder":"The daily limitation for Fast Redemption is significantly higher if you are a <b>Large Holder</b>.","faq-large-holder-requirements":"<b>Large Holder</b>: A user with BFUSD holdings greater than 10,000 BFUSD continuously for more than 15 days.","categories":"Categories","fast_redemption":"Fast Redemption","standard_redemption":"Standard Redemption","arrival_time":"Arrival Time","arrival_time_fast":"Instant (fee is deducted)","arrival_time_standard":"{{day}} days after initiation (fee is deducted)","fee_rate":"Fee Rate","fee_rate_fast":"with a daily fee-free quota","minimum_redemption":"Minimum Redemption","daily_redemption_limit":"Daily Redemption Limit (per user)","daily_limit_fast_regular":"Regular User","daily_limit_fast_large":"Large Holder","redemption-fee-rate":"Fast {{fastRedeemFeeRate}}, Standard {{normalRedeemFeeRate}}","current-redemption-fee-rate":"Current Redemption Fee: <primary>Fast {{fastRedeemFeeRate}}, Standard {{normalRedeemFeeRate}}</primary>","enter-subscription-amount":"Enter Subscription Amount","subscribe-success-descr":"Your {{targetAsset}} will be distributed to your Spot Wallet","daily_limitation":"Daily Limitation","purchase_limit_note":"The maximum purchase limit is independent among master or sub-accounts, to monitor more real-time changes in the maximum holding limits, refer to our <a>Trading Rules</a>.","fee_adjustment_disclaimer":"Binance reserves full discretion to adjust the Purchase Fee and Redemption Fee from time-to-time. For specific details, please refer to the <a>BFUSD page</a>.","rewards-distribution-date":"Rewards Distribution Date","redemption_categories":"Redemption Categories","bfusd_conversion_rate":"BFUSD can be exchanged to and from USD stablecoin at a 1:1 conversion rate.","minimum_amount":"Minimum Amount","real_time":"Real-Time","redemption_limits_and_fees_question":"What are the Redemption Limits and Purchase and Redemption Fee for BFUSD? What is the conversion rate between USD stablecoin and BFUSD?","bfusd_fee_policy":"BFUSD has no purchase fee and offers two redemption methods: Fast Redemption for instant access and Standard Redemption for larger amounts, with applicable fees detailed in the following table. The fees are incorporated in the conversion quote displayed on the Platform prior to confirmation of the purchase and redemption transaction.","notes-colon":"Notes:","large_holders":"Large Holders","normal_holders":"Normal Holders","settlement_time":"Settlement Time","first_free":"First {{amount}} BFUSD free","large_holder_definition":"<b>Large Holder</b> refer to users with BFUSD holdings greater than {{amount}} BFUSD continuously for more than {{day}} days.","notes":"Notes","banner-premium-yield":"Premium Yield,  Secure Collateral","benefit-no-staking-desc":"Simply hold BFUSD to earn daily rewards.","benefit-cvr-title":"Collateral Value Ratio 99.9%","benefit-cvr-desc":"Enjoy near 100% CVR (Collateral Value Ratio) trading futures under multi-asset mode or portfolio margin.","bfusd-benefits-title":"BFUSD Benefits","benefit-low-risk-title":"Low Market Risk","benefit-low-risk-desc":"BFUSD has a stable index price which minimizes market risk and has no onchain exposure.","benefit-no-staking-title":"No Staking Required","faq-14-question":"Is the free redemption quota shared between master and sub-accounts?","faq-15-question":"When does the redemption limit reset?","faq-13-question":"Will BFUSD rewards be calculated if I place BFUSD as a spot limit order but it hasn't been executed?","faq-16-question":"Can I earn BFUSD rewards while my redemption request is being processed?","faq-13-answer":"Yes. Even if your spot limit order to sell BFUSD is not yet filled, BFUSD rewards will still be calculated on your qualifying balance. The system counts BFUSD holdings reflected in your account for reward calculation, regardless of whether the orders have been executed.","faq-16-answer":"No, you will not earn rewards during the redemption processing period. Additionally, once a redemption request is submitted, it cannot be canceled.","daily-platform-wide-redemption-limit":"Daily Platform-wide Redemption Limit","daily-platform-wide-redemption-limit-tooltips":"This limit resets daily at 00:00 (UTC).","faq-14-answer":"Yes, the free redemption quota is shared between master and sub-accounts. However, the purchase limit is independent and not shared among sub-accounts and master accounts. Paid quotas have no master account restrictions.","faq-15-answer":"The daily redemption limit resets at 00:00 UTC+0.","rewards-history":"Rewards History","yesterdays-rewards":"Yesterday’s Rewards","collateral-value-ratio":"Collateral Value Ratio","rewards-are-distributed-daily":"Rewards are distributed daily.","subscribe-BFUSD-with-USDT":"Subscribe BFUSD with USDT.","subscribe":"Subscribe","max180d-apr":"180D APR Up To","rewards-distribution":"Rewards Distribution","benefit-cvr-title-1":"Collateral Value Ratio","total-rewards":"Total Rewards","bn-notification-content-message":"Existing users holding BFUSD in their Futures wallet need to transfer the asset to their Spot wallet before proceeding with redemption.","start-earning-in-3-steps":"Start Earning in 3 Steps","dashboard":"Dashboard","trade-anytime-to-boost-capital-efficiency":"Trade anytime to boost capital efficiency.","hold-BFUSD":"Hold BFUSD","bfusd-ui-avg-7":"7D Avg. APR","bfusd-ui-avg-30":"30D Avg. APR","bfusd-ui-avg-180":"180D Avg. APR"}