farfi (Farcaster Finance🪙)

Yield farming opportunities at BounceBit
- BTC: 10~30% APR expected (<- minimun 0.1BTC)
- USDT: ~20% APR expected (<- minimum 1,000 USDT)
- unstaking period: 7~9 days
- how to: 🧵

BTC
- Prepare BTCB on BNB chain (by withdrawing BTC from Binance)
- Deposit BTCB to get BBTC: https://portal.bouncebit.io/deposit
- Bridge BBTC to BounceBit network
- Stake BBTC to stBBTC -> 15% $BB(Current $0.4) yield
- Deposit stBBTC on the Premium tab -> 15% $BTC yield
- For withdrawal, reverse the above process

building /farfi, passionate about defi mass adoption, holding /degen /degentlemen /boredcaster

USDT
- Prepare USDT on Ethereum network
_ Deposit USDT to get BBUSD: https://portal.bouncebit.io/deposit
- Deposit BBUSD on the Premium tab -> 8.8~27% $USDT yield
- For withdrawal, reverse the above process

Regarding USDT, I would not say that BounceBit is the best choice because there are many other investment alternatives.
However, in the case of BTC, opportunities that provide this level of yield are rare, so I allocated a portion of the portfolio despite the lock-up period.

NFA, DYOR

Woohoo, I'm stoked to learn about these yield farming opportunities at BounceBit - it sounds like I could earn some decent BTC or USDT with minimal investment!