FlexUSD Cool!

Gunnar Larson g at xny.io
Thu Dec 2 06:16:46 PST 2021


Bitcoin.com FlexUSD announcement today may leapfrog USDP and/or USDC? Seems
neato.

----

At long last, we're excited to be offering a passive-interest product
that's easy to use, and available to anyone. To start earning 10-20% APY
automatically, all you need to do is hold flexUSD.



*What is flexUSD?*

FlexUSD is a 1-click mint/redeem US-dollar-pegged (USDC) stablecoin
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHBzOi8vd3d3LmJpdGNvaW4uY29tL2dldC1zdGFydGVkL3doYXQtYXJlLXN0YWJsZWNvaW5zIiwiaW50ZXJuYWwiOiJlY2U3MDUzOWQ3Nzc4OGE3NjkiLCJsaW5rX2lkIjoyNzgwfQ/00d7c2802b8ac618da4fc2365f94f887ba928a60852bdc669f068e413432aa24>
which
pays holders interest automatically. Simply hold flexUSD and compound your
interest. FlexUSD can also be used as collateral to trade, meaning you can
earn yield and trade at the same time.



FlexUSD is an ERC-20 token
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHBzOi8vd3d3LmJpdGNvaW4uY29tL2dldC1zdGFydGVkL3doYXQtYXJlLWVyYy0yMC10b2tlbnMiLCJpbnRlcm5hbCI6ImVjZTcwNTM5ZDc3Nzg4YTc2OSIsImxpbmtfaWQiOjI3Nzh9/900fc2b86d975e6a895b8eb49b45ba3ded6f76cdc16efc4febbaee5b4375a542>
and
also lives on the Bitcoin Cash
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHBzOi8vd3d3LmJpdGNvaW4uY29tL2dldC1zdGFydGVkL3doYXQtaXMtYml0Y29pbi1jYXNoIiwiaW50ZXJuYWwiOiJlY2U3MDUzOWQ3Nzc4OGE3NjkiLCJsaW5rX2lkIjozMTUwfQ/30df9b853b72635f5e6a0655a76bca95ca46730bcd967e3151043dd513434ef5>
network
via Simple Ledger Protocol (SLP) and SmartBCH (SEP20).



*How much interest can I earn by holding flexUSD?*

The interest rate varies, but on average flexUSD has consistently paid out
between 10-20% APY.



*Where does the yield come from?*

Behind the scenes, yield for flexUSD is generated by interest paid on
short-term lend/borrow markets on the Bitcoin.com Exchange
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHA6Ly9leGNoYW5nZS5iaXRjb2luLmNvbSIsImludGVybmFsIjoiZWNlNzA1MzlkNzc3ODhhNzY5IiwibGlua19pZCI6MzI3OX0/51351cb7020349a4b5e9edd358324de2e8893c031b237153f248a76aea0ae3eb>
and
CoinFLEX exchange. Interest rates will vary but are estimated at between
10-20%.



*How do I get flexUSD?*

You can swap into it a few taps in the Bitcoin.com Wallet
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHA6Ly93YWxsZXQuYml0Y29pbi5jb20iLCJpbnRlcm5hbCI6ImVjZTcwNTM5ZDc3Nzg4YTc2OSIsImxpbmtfaWQiOjQ5MX0/ddd82f726cdb256654536a5d0102ff7ce91cb878825fb5b074cce0d0f719d0a3>.
Here's a guide explaining how
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHBzOi8vc3VwcG9ydC5iaXRjb2luLmNvbS9lbi9hcnRpY2xlcy81Nzc4Mzg1LWhvdy10by1nZXQtZmxleHVzZC1pbi10aGUtYml0Y29pbi1jb20td2FsbGV0IiwiaW50ZXJuYWwiOiJlY2U3MDUzOWQ3Nzc4OGE3NjkiLCJsaW5rX2lkIjozMjcyfQ/f00a02fe0364178c5646c7b56903bed8f4293fd371b51b18894286e2610ccd09>.
You can also trade crypto for flexUSD on the Bitcoin.com Exchange
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHA6Ly9leGNoYW5nZS5iaXRjb2luLmNvbSIsImludGVybmFsIjoiZWNlNzA1MzlkNzc3ODhhNzY5IiwibGlua19pZCI6MzI3OX0/51351cb7020349a4b5e9edd358324de2e8893c031b237153f248a76aea0ae3eb>,
or "mint" flexUSD on the Bitcoin.com Exchange
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHA6Ly9leGNoYW5nZS5iaXRjb2luLmNvbSIsImludGVybmFsIjoiZWNlNzA1MzlkNzc3ODhhNzY5IiwibGlua19pZCI6MzI3OX0/51351cb7020349a4b5e9edd358324de2e8893c031b237153f248a76aea0ae3eb>
.



Read more about Bitcoin.com
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHA6Ly9CaXRjb2luLmNvbSIsImludGVybmFsIjoiZWNlNzA1MzlkNzc3ODhhNzY5IiwibGlua19pZCI6MTAyOX0/6a8121489c856bac3c5a572157a36cf7050fabc86766701c6df957d95c0ffa5e>'s
partnership with CoinFLEX here
<https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVgxN1lVd3dRU2tmQUVEYnF4YjdPdz09IiwiaHJlZiI6Imh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9iaXRjb2luLWNvbS11bmxvY2tzLWVhcm4tb24tY3J5cHRvLyIsImludGVybmFsIjoiZWNlNzA1MzlkNzc3ODhhNzY5IiwibGlua19pZCI6MzI4MH0/9a06f2616ee497aecef5b4da0e1bb32f616c7b7ae6d4e3b6b2728e08e230e68e>
.
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