Recap: Asset ID:10294386916428132892The USDbitfnx asset ran successfully for over 100 days and has achieved a compounded 9.15% interest in those 107 days and 833$ paid out and 52$ pending dividend.Now we can calculate the average yearly return, that we can expect with this asset: 1.0915^(365/107) = 1.348 =
34,8% yearly interest!![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp8dyz3I.png&t=665&c=CjpBJEraEcMgkA)
Reminder: USDbitfnx is a USD backed asset, that has deposits on Bitfinex and uses that USD to participate in the swap market on that site. This currently yields 34.8% yearly with USDbitfnx's swapping strategy. The balance is always 100% and this was/is audited by Damelon.
There are two ways to get USDbitfnx:- Send NXT or BTC to me, those will be sent to Bitfinex and exchanged for USD, you will get USDbitfnx tokens into your account.
- Buy them on the exchange.
(Both ways are also open for selling/redeeming the asset)
Why would you buy USDbitfnx?- With USDbitfnx, you can speculate on falling BTC and NXT prices
- Gain more interest than on a bank account via dividends
- Trading gains (this asset was once sold for 17 NXT, now it is worth over 50 NXT, so much volatility)
Update: I have placed a sell order with the issuer account. Once someone buys USDbitfnx from that offer, the NXT will be immediately sold and transferred to Bitfinex.Thread:
https://nxtforum.org/assets-board/(ann)-(usdbitfnx)-the-first-dividend-paying-usd-asset-(~60-per-anno)/