Staking $FBADAO to earn $USDC - What is $FBADAO?

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@gungunkrishu·
0.000 HBD
Staking $FBADAO to earn $USDC - What is $FBADAO?
Hey All,


I recently invested in the token $FBA and had staked it immediately on the [Arbitrum](https://bridge.arbitrum.io/) network. Staking $FBA token makes your eligible to receive the $FBADAO token; which is the governance token of the platform [Firebird Finance.](https://app.firebird.finance/dao/overview)

### Staked $FBADAO to earn $USDC

![image.png](https://files.peakd.com/file/peakd-hive/gungunkrishu/23tkjcryccdPq4i6UVRKm437o1f5CM7s9vLeQ4mnZpcqn9j2Sjr5m2HxLFVQ9dweAaJLf.png)

Firebird Aggregator Token (FBA) which is a next-gen profit-sharing token backed with multi-chain utilities. In more simple words its a multi-chain DEX aggregator with best-rates and cash-back are availed for every swap made.  After having staked 650+ $FBA tokens for past 4 days, I had received like 0.001+ $FBDAO tokens and the same can be depicted from the above image. So what is the point/benefits of staking $FBADAO token?


 https://images.hive.blog/DQmddb7dF71MxYjG9njehABJDLhUvzLeQSeziqohCkM9jLZ/image.png 

Just that you know there is only 1 FBADAO being minted in a day and so far its circulating supply has just reached 33+ tokens as of writing this article. I entered when the circulating supply had touch 28+ $FBDAO tokens were minted. You stake $FBA to earn $FBADAO token at the current APR of 600+%. And then you stake $FBDAO tokens which has staking APR of 32+% and also receive $USDC from swap and platform trading fees.

 https://images.hive.blog/DQmYCK2AvRmsmpbficn2JLTt4HouYZGHjrdX81tRUZqjGzh/image.png 

I am yet to receive my first $USDC earnings from the total next epoc rewards pool which is close to $4.5K. For me its not going to be that much as my percentage stake of $FBA token is less as opposed to other investors. There is still Withdrawal epoch:3 days left for me to claim my first reward. For now things are looking good, as I am earning $FBDAO token daily and my plan is to accumulate the rewards for like 5 days and then stake them back to earn more $USDC tokens.  I would also be looking for opportunities to buy in $FBA token for cheap and reach to a point of having at least 1K+ $FBA tokens staked on the platform.

### 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

### Staking $FBADAO to earn $USDC

![image.png](https://images.hive.blog/DQmXS1XBd14UFJtVTmZp4CDQwoVawgyoMUPZSJ1NMaGcEsT/image.png)

Best Regards
Image Credits:: firebird.finance


Posted Using [LeoFinance Alpha](https://leofinance.io/@gungunkrishu/staking-fbadao-to-earn-usdc)
👍 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,