Do you know that you can earn FlexUSD while just holding it in your wallet, without doing anything? Well, now you know..by just holding it you can avail 10-20% APY. It's good to hedge your funds using FlexUSD during red market while earning a little passive income over it.
FlexUSD is a stablecoin pegged in US-dollar (USDC) that pays holders interest automatically.
You can hold flexUSD in Bitcoin.com Exchange, Bitcoin.com Wallet or any wallet that supports it, also in SmartBCH and you can receive interest payments in intervals.
The yield for flexUSD came from the interest paid from short term lend and borrow market in Bitcoin.com exchange and Coinflex exchange.
For more information about flexUSD please tap the source link below.
Source: Bitcoin.com
Contract address for flexUSD
0xa774FFB4AF6B0A91331C084E1aebAE6Ad535e6F3
dd21be4532d93661e8ffe16db6535af0fb8ee1344d1fef81a193e2b4cfa9fbc9
0x7b2B3C5308ab5b2a1d9a94d20D35CCDf61e05b72
Is it legit?
Yes of course it is very legit, I did try it last week to see how it works and here's the results..
(Sorry, I was playing Pegaxy while taking a shot on my wallet transactions XD)
This is my transactions last week, I sold 0.60 BCH at $329 per BCH and that gives me $200 flexUSD last March 3.. I only earned $0.16 flexUSD since I also do buy back when BCH goes down on March 5.
It ain't much but it's an honest work, who will give you $0.16 within two days holding stablecoin? None, only flexUSD do it. $0.16 is already 8Php in our fiat money.. you can't gain 8 pesos in two days if you put that $200 in banks.
How to swap BCH to flexUSD in Bitcoin.com?
In the home screen just scroll down and tap SWAP button.. after tapping it you'll be directed to options where you chose coins what to send and what to receive.
On the right side was the coin to send and the left side was the coin to receive. That's how it should look like, you just tap coins button to change it since the default coins is BTC-BCH.
If you tap the coin icon coin choices will appear just chose flexUSD as the coin you'll want to receive since you are swapping BCH over it.
After that select what wallet you are going to use to send and receive the flexUSD and then confirm. It's just so easy.
Why chose swapping flexUSD to USDT?
Well it's obvious you can earn cents daily by just holding flexUSD while none in USDT, so you must chose it!
It's another way of generating cents daily without any hassle or without you not doing anything or even putting it on farms.
Swapping BCH when it's high will give you opportunity to hedge your funds when the BCH price goes down and opportunity to buy some as well if you have stablecoins..
But always remember don't put all your eggs in one basket.
Disclaimer
This is not financial advice, and I am not associated with any of the flexUSD team nor they pay me for writing this one. This is just based on my opinions and my experiences in using the stablecoin.
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Date Published: March 15, 2022
That is indeed a very informative and to the point article about swapping BCH to flexUSD, however I can't see flexUSD in Bitcoin.com Wallet. I was able to see in past but not now