Hey All,
I go this image from the Firebird Finance Platform itself where it says - Firebird it's better than DEX which I don't agree as DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner and is far much of a preference by the crypto community when it comes to swap, save and earn in crypto coins and tokens. But this is not the point of this post where we would be doing a comparison between a DEX and what Firebird Finance Platform caters to. The Firebird protocol is designed to be democratic and transparent, with the aim of creating a completely decentralized system. The platform token is Firebird Aggregator Token (FBA) which is a next-gen profit-sharing token backed with multi-chain utilities. In more simple words its a multi-chain DEX aggregator with best-rates and cash-back are availed for every swap made. After having staked 750+ $FBA tokens, I continue to receive $FBDAO token which is the governance token of the platform. I am further staking #FBADAO token tokens to earn profit share in USDC. So what is the point/benefits of staking $FBADAO token?
FBDAO tokens claimable...
Just that you know there is only 1 FBADAO being minted in a day and so far its circulating supply has just reached 109+ tokens as of writing this article. I entered when the circulating supply had touch 28+ $FBDAO tokens were minted. You stake $FBA to earn $FBADAO token at the current APR of 59% and at the start we had an APR of above 600+%. And then you stake $FBDAO tokens which has the current staking APR of 13+% which gets you $USDC from swap and platform trading fees as a reward. A bit of context on tokenomics the total supply of $FBA here are the details::
- 21 Million FBA tokens will be minted
What is the FBA contract address?
FBA (Fantom): 0x0e249130b3545a2a287DE9f27d805CAB95f03DB9
https://ftmscan.com/token/0x0e249130b3545a2a287de9f27d805cab95f03db9
FBA (Arbitrum): 0x13aABC0a9A5d6865dA8fD0296080E172CF8BB958
https://arbiscan.io/address/0x13aABC0a9A5d6865dA8fD0296080E172CF8BB958
Where can I buy FBA? - Vist Firebird.Finance Platform - Here
I had 7+ $USDC ready to be claimed, its been a long time that I didnt vist the firebird platform as I knew that my investment would be growing there and when I visit I would claim all the rewards at once and redirect the #FBADAO tokens back to the pool to earn more rewards. Right now I have no intentions to booking any profit whatsoever, rather all the rewards and earnings are being redirected to the respective pools. The #USDC earned as well is just sitting ideal in my wallet for now. Once I have decent amount of #USDC earned the plan is to be looking for opportunities to buying $FBA token for cheap and reach to a point of having at least 1K+ $FBA tokens staked on the platform. So short of another 250 #FBA tokens to be purchased. And Yes with regards to #FBADAO token which currently is priced at $1.6K+ and looking forward to at least grab half a token of it by my staking rewards from #fba token. So far I am able to collect 0.04+ #FBADAO tokens which is worth $66+ and still there is a long way to go before I call mission complete on the Firebird Finance Platform & My strategy being successful here on this platform....cheers
Have Your SAY on Firebird Aggregator Token $FBA and $FBADAO
Did you know about $FBA? If Yes, did you stake your $FBA to earn the governance token FBDAO. How is your overall experience with Firebird Dex Aggregator? Let me know your views in the comment box below?...cheers
Firebird Finance Platform & My $FBA & $FBADAO Stake & Earnings...
#fba #firebird #firebirdfinance #dao #staking #dex #aggregator #fbadao
Staking $FBADAO to earn $USDC
Image Credits:: firebird.finance, medium, leofinance,
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in BlockChain & Cryptos and have been investing in many emerging projects..cheer