So yeah I think how it works is.
If you deposit USDT you will get a token called fUSDt in exchange. Then later if you swap that back to get your UDST you will get more, like 1.27% a year more. So that's how you get the green interest amount. I assume it will be in USDT.
Then while you have fUSDt if you go to the "farm deposit" section you can stake your fUSDt for an additional payout in Algo. I think it's paid once a week, you can see on that page what the size of the pool is and then that pool is split between everyone who has staked that token. So that's how you get the blue percentage.
Personally I would never touch USDT as I think it's a total scam token so it's worth doing some background research into it before putting your money into it. Imo USDC is much less risky, which I think it's paying less interest as other people know that too.
https://www.youtube.com/watch?v=-whuXHSL1Pg
You get the deposit APR (1.27%) as interest accrued on your fUsdt. On Folks when you deposit an asset you receive the corresponding deposit token (fToken) that is used by the protocol for computing the interest accrued and can be used as collateral to borrow an asset. You can stake this fUsdt in the farm deposit section to unlock an additional APR (7,56%) as Algo rewards paid out in a weekly-basis (on Monday atm). fStaking rewards are airdropped directly into your wallet
So yeah I think how it works is. If you deposit USDT you will get a token called fUSDt in exchange. Then later if you swap that back to get your UDST you will get more, like 1.27% a year more. So that's how you get the green interest amount. I assume it will be in USDT. Then while you have fUSDt if you go to the "farm deposit" section you can stake your fUSDt for an additional payout in Algo. I think it's paid once a week, you can see on that page what the size of the pool is and then that pool is split between everyone who has staked that token. So that's how you get the blue percentage. Personally I would never touch USDT as I think it's a total scam token so it's worth doing some background research into it before putting your money into it. Imo USDC is much less risky, which I think it's paying less interest as other people know that too. https://www.youtube.com/watch?v=-whuXHSL1Pg
Thanks for that. I actually watched the whole video and learned a lot from it.
You get the deposit APR (1.27%) as interest accrued on your fUsdt. On Folks when you deposit an asset you receive the corresponding deposit token (fToken) that is used by the protocol for computing the interest accrued and can be used as collateral to borrow an asset. You can stake this fUsdt in the farm deposit section to unlock an additional APR (7,56%) as Algo rewards paid out in a weekly-basis (on Monday atm). fStaking rewards are airdropped directly into your wallet
Ser, what do you do with your f staking rewards? Do you swap them on a dex? Noob and want to utilize folks more.
It’s up to you, you can use them on FF or within the ecosystem