What is safu crypto

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What is StaySAFU (SAFU) crypto?
The Secure Asset Fund for Users (SAFU) is an insurance fund created by Binance, a prominent cryptocurrency exchange, to address emergencies. Binance allocated. While SAFU is an acronym for Secure Asset Fund for Users, the term has become part of the crypto lexicon. The term evolved over time, however. It is a reserve fund to safeguard the interest of investors in investing in digital assets. It acts as a cushion for investors in case a crypto.

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CZ, since then, has been using this term liberally to assure people that their funds are safe with Binance. Chapter 1: Blockchain. However, recent black swan events like the FTX saga and others have made them hesitant. DeFi 2.