Firebird DAO has a Redemption Feature - What is it to do with $FBADAO token?

Hey All,

As communicated in my earlier post on - What is Firebird Finanace? - check the post Here It is basically a Dex aggregator platform and shares the revenue with its users who HOLD the governance token of the platform which is $FBADAO. Holders of the FBDAO token can also vote on Firebird proposals. The platform native token is $FBA and staking $FBA token makes your eligible to receive the $FBADAO token; which can be further staked to receive the revenue generated from the platform in the form of $USDC token.

My $FBADAO Stake So Far...

Yeah, I know the stake is less than ONE token. But then the current price of ONE $FBADAO token is close to $5K+ and currently as of writing this article there are only 48+ tokens in circulation. Everyday only ONE $FBADO token gets minted and hence the price is so HIGH...The best part is that I got this amount 0.001 $FBADAO tokens for staking my 750+ $FBA tokens and they still remains with me. The $FBADAO minted is for free and the amount that I have is worth $50+

Earlier when there was no way to redeem $FBADAO users were just staking to have a share on the platforms revenue with an APR of above 156% at the moment. But now we have the redemption process on the portal and one can easily redeem their $FBADAO tokens minted for $USDC. So incase you want to exit you can easily do so by swapping $FBDAO for $USDC and if you want to keep invested you can stake $FBADAO even further. For now I am targeting to have HALF of this FBADAO token. The staking APRs of $FBA token has reduced which at the moment has gone down from 600+% to 119% which isn't that bad at all. Just that it has further reduced the pace at which I was collecting $FBADAO token with my $FBA staked. So its gonna take more time now to get at least 0.5 $FBADAO token...slowly but gradually should be able to get there.. but until then its Build & HODL strategy to follow...cheers

Have Your SAY on Firebird Aggregator Token $FBA and $FBADAO

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

Firebird Finance Platform & My Strategy Ahead...

Best Regards
Image Credits:: firebird.finance, twitter