Binance·Inside Binance only·Delta hedge + ETH staking·Disclosed · not live

BFUSD

A Binance-native reward token earning from delta-hedged positions and ETH staking; it exists only inside Binance.

12.00%Disclosed · not liveIssuer-disclosed

Short-term T-bill · 3.8%

CEX flexible median · 3.36%

No third-party history · issuer-disclosed value—

※ IdentityYield is issuer-disclosed, not live; it ranks by the disclosed value

ProtocolBinance

BackingDelta-hedged positions + ETH staking

Protocol age—

DistributionDaily USDT rewards into the UM wallet

TVL— · no cap

IssuerBinance

ChainInside Binance only

AuditsPlatform-internal; no public third-party audit

Retail accessBinance users only

Yield profile

No history curve

BFUSD has no third-party history coverage; its rate is issuer-disclosed and not live, so no curve is shown.

Where the yield comes from — and when it gets worseSix dimensions · objective facts

Yield source

Disclosed base 12–35% / boosted 15–47% (issuance period); the live rate is unconfirmed. Includes reward incentives, not pure cashflow.

Redemption

Exit only inside Binance Simple Earn (migrated from Futures in 2025-08); no on-chain withdrawal.

Peg

Maintained by Binance-internal delta hedging — off-chain and not independently verifiable.

Liquidity

No public DEX, no on-chain secondary market.

Issuer

Binance — centralized platform custody.

Data freshness

Off-chain product, not covered by DeFiLlama; values are editorial disclosures.