Coming Soon on BitMEX: Unlock DeFi Yield with Fija Finance
What if DeFi yields were accessible through the convenience of a centralised exchange but without the complexity of DeFi?
Introducing Fija Finance on BitMEX, a way to earn DeFi yield for your idle assets all in the safety of BitMEX’s secure and robust custody infrastructure.
Coming 23 October 2025 at 04:00 UTC, Fija-USDT (fjUSDT) – a yield-generating token linked to the Fija USDT Yield Master Strategy – will be available on BitMEX via Convert with zero fees.
TL;DR:
- Fija Finance simplifies access to DeFi yields by tokenising automated DeFi trading strategies.
- fjUSDT is a yield-generating token linked to the Fija USDT Yield Master strategy, which utilises liquid staking derivatives.
- Users on BitMEX can convert their USDT for fjUSDT to generate DeFi returns without the complexity of on-chain transactions.
Convert your assets on BitMEX to fjUSDT and share $15,000 worth of rewards on BitMEX. More information coming soon.
To learn more about the new listing and how you can start earning yield on BitMEX, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000+ in rewards for verified users- you can register here.
What is Fija Finance?
Fija is a VC-backed fintech from Germany that delivers compliant, easy, and transparent access to real DeFi (Decentralised Finance) yield strategies. Founded by experienced crypto investors, fintech entrepreneurs, and blockchain engineers, Fija’s mission is to make DeFi yield generation accessible, secure, and automated — for anyone. With the listing of fjUSDT on BitMEX, users can now directly access the USDT Yield Master Strategy, through a simple token conversion.
To learn more about Fija Finance, read their official documentation here.
How does Fija Finance work?
Each Fija Finance strategy operates in three key layers:
- The Vault: Crypto used to purchase Fija Tokens are automatically deposited into Fija’s smart contract vault that executes Fija’s DeFi strategy. This vault is ERC-4626 compliant, acting as a digital safety deposit box. In return, you get a Fija token (e.g. fjUSDT) as your proof of ownership.
- The Strategy: Fija’s strategies are designed by professional DeFi experts and hedge fund managers. They are fully automated, backtested, and audited to ensure they operate with institutional-grade logic and safety features. The value of your Fija token automatically reflects the performance of the underlying strategy. You do not need to manually claim or compound your earnings. As with any investment, the token value can fluctuate and fall as it is tied to the performance of the underlying asset.
- Risk Management: Positions are monitored 24/7 to balance funds and prevent liquidation. Additionally, each strategy is assessed with Fija’s safety score which analyses the protocols, assets and blockchain’s potential risks.
For more information on how Fija Finance works, read their official documentation here.
What is Fija-USDT (fjUSDT)?
Fija-USDT (fjUSDT) is a token linked to the Fija USDT Yield strategy, which is a delta-neutral strategy launched on the Ethereum Mainnet.
The Simple Explanation:
This strategy works by using your USDT to facilitate trading of stablecoins on decentralised platforms. For this service, it earns two types of rewards: trading fees and bonus tokens. All rewards are automatically sold and reinvested into your stablecoin position.
The DeFi Explanation:
The strategy deploys USDT into two liquidity positions on the Curve decentralised exchange: the crvUSD – USDT pool and the crvUSD – USDC pool. The strategy earns a share of trading fees plus native CRV tokens. To maximise yield, the resulting LP tokens are then staked on Convex to earn additional CVX rewards. All generated returns are automatically reinvested into the initial stablecoin position for compounding.
The strategy includes a 90-day rebalancing mechanism to optimise returns and an automated safety mechanism that triggers an exit if any used stablecoins (USDT, USDC, or crvUSD) loses its peg by more than 2%, or if the pool exposure exceeds 15% of the total pool’s Total Value Locked (TVL).
For more information on the USDT Yield Master strategy, visit this page.
fjUSDT on BitMEX: Rewards and Benefits to Users
The introduction of fjUSDT on BitMEX Convert is designed to offer a straightforward way for our traders to access DeFi strategies:
- Set-and-Forget Exposure: Earn additional returns on your stablecoin holdings without the need for constant monitoring.
- Simplified DeFi Access: Get DeFi exposure on BitMEX without the complexity of juggling between multiple protocols or managing on-chain transactions.
- No Lock Up: Unlike most DeFi protocols, you can convert your fjUSDT back to USDT at any time, giving you full control and flexibility with your portfolio.
- Security-First Design: With regular audits, wallet whitelisting, and a proprietary Fija Safety Score, the platform is designed to minimise risk whilst letting you retain control of your capital.
- Performance-Based Revenue Sharing: A significant portion of the profits (75%) goes directly to the users. The remaining 25% is shared between Fija and strategy providers, aligning the interests of all parties with the strategy’s success.
What’s more, users that convert their assets to fjUSDT on BitMEX stand to win their share of a $15,000 prize pool. More details will be made available in the coming days.
How to Convert Fija Tokens on BitMEX
- Make sure you have funds in your BitMEX account.
Learn how to make an on-chain deposit here or buy crypto with your choice of payment(bank transfer, credit card). You can check your available balance in your Wallet.
If you haven’t signed up for a BitMEX account yet, we’re currently offering $5,000+ worth of trading credits to new users – you can register here.
2. Head to the Convert interface, found under the Funds dropdown menu.
3. Select USDT to swap for fjUSDT.*
*Note: Currently, we only support converting Tether to fjUSDT. You can purchase USDT on our Spot market or use the Convert feature to swap other tokens into USDT before converting them to fjUSDT.
4. Choose fjUSDT as the token you wish to receive.
5. Get a quote for the latest conversion rate before confirming your order details. *
*Note: 1 fjUSDT does not equal 1 USDT. The price of fjUSDT is designed to increase as the underlying strategy generates and reinvests returns. However, its value can still fluctuate and fall due to strategy performance, market conditions, or stablecoin risks.
6. Confirm the swap. Once completed, the token’s price will automatically reflect the performance of the Fija USDT Yield Master strategy. Consequently, its value will increase if the underlying strategy performs well. You can continue to observe the strategy’s metrics such as safety score and historic price here.
For more information on Fija and its strategies, refer to this page.
Convert fjUSDT on BitMEX: Win $15,000 in Rewards
To celebrate the launch, we’re offering $15,000 USDT in rewards to users who convert their assets to fjUSDT. More details on the Fija campaign will be shared soon.
To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders.
For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements.
In the meantime, if you have any questions please contact Support who are available 24/7.
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