Hey All,
t's been a month since I completely forgot about my investment in the Firebird Finance Platform. So what exactly this Firebird DEX (decentralized exchange) is all about? The Firebird protocol is designed to emphasize democracy and transparency, aiming to establish a fully decentralized system. The native token of the platform is the Firebird Aggregator Token #FBA, a modern profit-sharing token supported by multi-chain utilities. In simpler terms, it operates as a multi-chain DEX aggregator that offers the best rates and cashback on every swap. Moreover, by staking 750+ #FBA tokens, I've been earning $FBDAO tokens on daily basis, which serve as the governance token for the platform. Here is the snapshot of my recent claim for #FBADAO tokens::
As evident, I had more than 0.013 #FBADAO tokens ready for claiming. It's worth noting that only one #FBADAO token is minted each day, and as of writing this article, the circulating supply has recently reached 122+ tokens. I became involved when the circulating supply was at just 28+ $FBDAO tokens minted. By staking $FBA, one can earn $FBADAO tokens at the current APR of 72%, even though initially, the APR stood at an impressive 600% or more.
And then you stake $FBDAO tokens which has the current staking APR of 17+% 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::
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
Yes, you do have an option to redeem #FBADAO and book profit or else you can stake it further. This time I thought of redeeming the tokens and swap it for stable coin #USDC. Right now there is no plan for as to what I'll be doing with #USDC but in general I was thinking to bring my total stake of #FBA tokens from 750 to 1K+ #FBA staked. At last regarding the #FBADAO token, which presently holds a value of $1.3K+, my goal is to acquire at least half a token through my staking rewards. Up to this point, I've managed to accumulate 0.05+ #FBADAO tokens, equivalent to $67+, but there's still a considerable journey ahead before I can consider my mission accomplished on the Firebird Finance Platform and declare my strategy a success.... 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
Stake #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...
