Hey All,
Its been almost 15 days now that I had invested in the $FBA token. You can see my last post on the Staking $FBADAO token to earn $USDC - Here The post will give you the glimpse of what is $FBA and $FBADAO tokens in more details but ideally $FBADAO is the governance token of the platform Firebird Finance.. I had bought close to 750 $FBA tokens and had staked them all on the Firebird Finance platform. After having staked 750+ $FBA tokens for past 15 days, I have received like 0.006+ $FBDAO tokens and close to $1 $USDC token ready to claim.
My earnings from Firebird Finance Platform & My Strategy Ahead
The interesting part is that there is only 1 $FBADAO token minted in a DAY. People who have staked their $FBA tokens are eligible to receive the governance token of Firebird Platform. I joined the project when the circulating supply of $FBADAO was less than 28 tokens and as of writing this article the circulating supply has just reached 48+ tokens. You stake $FBA to earn $FBADAO token at the current APR of 460+%. And then you stake $FBDAO tokens which has staking APR of 34+% and you receive $USDC from swap and platform trading fees.
The Firebird protocol is designed to be democratic and transparent, with the aim of creating a completely decentralized system that serves the interests of its community in the long term. To ensure this, the DAO acts as the Treasury Manager and decision-maker for Firebird's strategic matters, and FBDAO is the governance token of Firebird.
Just that you know the price of 1 $FBADAO token is ::
- FBDAO Estimated Value = $18,302 per FBDAO
every time a token is minted the price drops a bit. My plan ahead is to at least accumulate half of the token but its gonna take much time as my staking of $FBA token is just mere 750+ tokens. Here it is how $FBADAO is being accumulated for me in real time. Another 0.001+ $FBADAO token is ready to be claimed.
What I am doing is that every 5th or 6th day I claim my $FBADAO tokens and stake them to earn more $USDC rewards. Slowly getting there but need to push this a bit faster and this is going to be accomplished if I invest more and stake $FBA tokens. So hopefully, if I can make my investment to 1K+ $FBA tokens that should be it and rest I would rely on the APR rates and my $USDC rewards that I plan to buy in $FBA token and reinvest it further into the platform. So ideally there is no plan to exit for now. Just keep building the crypto portfolio and look for opportunities to take advantage off...until then BUILD & HODL is the strategy forwards...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
#fba #firebird #firebirdfinance #dao #staking #dex #aggregator #fbadao
Firebird Finance Platform & My Strategy Ahead...
Best Regards
Image Credits:: firebird.finance, twitter