Hey All,
At the moment, I still HODL $FBA and and its governance token $FBADAO tokens on the Firebird Finance Platform. What is FireBird? The Firebird protocol is designed to be democratic and transparent, with the aim of creating a completely decentralized system. I have staked 750 $FBA tokens on the platform and continue to earn $FBADAO token at an APR of above 134%. Total $FBA tokens staked is around 1.7 Million tokens which is worth ~$1,075,159.4 - with regards to the total number of $FBADAO tokens in circulation then we have 92+ of them and at present one $FBADAO token is worth - FBDAO Estimated Value $2.1K+ per FBDAO
You stake #FBA token you receive $FBADAO token at an APR of 72% and when you further stake $FBDAO token you receive $USDC at an APR of above 134%. Here you can see my 750 #FBA tokens staked and I have 0.007+ $FBDAO tokens ready to claim which is worth $16 approximately. I have two options here, either I redeem these governance tokens for $USDC or reinvest by staking the $FBDAO tokens to earn more $USDC.
Lets now see, how mush #USDC is ready to be claimed::
As, I staked 0.03+ #FBADAO tokens it gives me #USDC every time when epoch ends. Epoch here is defined as 7 days period. So far 15 Epoch periods have ended and almost close to $4K+ dollars are distributed at the end of each Epoch. Out of the 92 #FBADAO tokens minted, Please note there is only 1 governance token issued in a day - the total FBDAO Staked is around 82.7927 which is like 90% of the governance tokens are staked in the platform itself. I have this GOAL of at least collecting 1 #FBADAO token which like a long way to go from here and hence will continue to remain invested and would keep multiplying my investment here by redirecting the earnings to #FBA and #FBDAO tokens.... cheers
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
Best Regards
Image Credits:: firebird.finance, twitter
