I used to be a typical 'operational failure' in the crypto world. Not to mention playing DeFi, I could even mess up the address in a simple cross-chain transfer, lose money and have to silently accept it. So when I first heard that FF could allow me to mortgage assets for stablecoins, I didn't dare to touch it at all, fearing I would get tangled up again, until last month when a friend guided me through it step by step, and I found out that this thing could be so simple.
That day I opened the FF platform with the mindset of 'at worst I'll lose a little money'. The homepage was clean and neat, without a bunch of flashy buttons, just a few prominent function entrances: mortgage, stake, withdraw. My friend told me to try a small amount of USDT first. I clicked into the 'mortgage' page, and the system directly prompted how much asset needed to be deposited to exchange for how much USDf, clearly indicating the mortgage rate without me having to calculate it myself. I followed the prompts and clicked confirm step by step, and in just three minutes, the USDf was credited, faster than when I transferred an ETH before.
What surprised me the most was the withdrawal process. When I played other DeFi projects, it took a long time to withdraw, and I had to pay high fees, sometimes the fees were even more than the amount withdrawn. When I withdrew from FF, I submitted the application at two o'clock in the afternoon, and it arrived by four, with fees of only a few bucks. I think this is really considerate. Moreover, I found that even if the price of my pledged assets drops a bit, the system will send an early reminder, telling me whether to add some assets, unlike some projects that directly force-liquidate without giving a chance to react.
I also tried to swap USDf for sUSDf to earn interest. Every day when I open the platform, I can see that my earnings have increased a little. Although it's not much, watching the numbers slowly rise is much more reassuring than staring at those volatile altcoins. I checked the background of FF and found out it has a partnership with Coinbase Custody, and the assets are held by a legitimate institution, not by the project team itself, which makes me feel more at ease—after all, I have previously fallen into the trap of 'the project team running away with the money', so I am particularly sensitive about fund security.
Now I put a little spare money into FF every week. I don't have to watch the market every day or think about complicated operations. Although the returns are not at the level of getting rich quickly, they are stable and visible. I think the most thoughtful thing about FF is that it simplifies complicated things. For a beginner like me who is afraid of trouble and pitfalls, I finally found a place to stay safe in the crypto world and no longer have to be an 'operation waste'.
