Binance Upgrades BFUSD Platform with Guaranteed Return Option

Binance Finance announces an upgrade allowing users to subscribe and redeem BFUSD without a contract account starting August 14, while advising caution on transactions during the upgrade window.

Summary

Binance Finance announced an upgrade to BFUSD that allows users to subscribe and redeem without a contract account starting August 14 at 08:00 (UTC+8). Users should avoid transactions on August 13 between 13:00 and 22:00 due to potential impacts, and contract account holders are advised to transfer funds to spot accounts for redemption.

Terms & Concepts
  • BFUSD: A reward asset redeemable for USD stablecoins, with yields derived from funding fees and staking income. The upgrade removes the need for a contract account for transactions.