Earning Passive Income by Staking Coins (USDT etc) on Wirex X-Accounts
We can stake Coins (USDT etc) on Wirex X-Accounts and start earning passive incomes.
The interests are given out weekly. And you can choose to get interests as WXT coins so that there is 2% extra bonus.
For example, By staking USDT, you can get 7% APR to payout as USDT weekly or 9% APR to payout as WXT weekly.
When you withdraw, it needs 30 days:
Your X-Account has arolling 30-dav redemptionperiod,meaning that once withdrawal is requestedyou will receive your assets plus accrued interest atthe end of 30 davs.
Apply Wirex card and start earning passive income! Join today and earn $30 in NXUSD!
Steem to the Moon!
You can swap the STEEM/SBD to USDT (TRC-20) via Steem2USDT
The Wirex is FCA regulated.
Stake & Earn is one of the most popular DeFi products (Decentralized Finance). However, there is risks, so this is not a financial advice of any kind. And DYOR = Do Your Own Research before investing money on it. It is always to choose for products or companies that are FCA regulated.
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Hi @justyy,
The Steem Bluepaper says, "The Steem blockchain provides a way for users to send coins to each other with a third party designated as an escrow service". But I don't see anyway of doing it anywhere in the steem blockchain.
Please clarify.
Thank you.
You can transfer STEEM/SBD between accounts at https://steemitwallet.com
But that is not escrow service by a third party.
The Bluepaper says,
"The irreversible nature of blockchain transactions is an important security feature, although there are many cases where users may not be comfortable sending their tokens to another individual without a way to get them back if the other user does not hold up their end of the agreement. The Steem blockchain provides a way for users to send coins to each other with a third party designated as an escrow service. The user acting as the escrow service is able to determine if the terms of the agreement have been met, and either allow the funds to be released to the receiver or returned to the sender."
The current transfer mechanism you are referring to does not allow for recovery of coins sent in the event the agreement is not honored.
If an escrow service is available, then Steem users will be able to sell and buy goods and services on Steem blockchain.
You might check this: https://steemit.com/sip/@dan/escrow-sip-steem-improvement-proposal
Thank you, @justyy.
Also, https://github.com/steemit/steem-js/blob/master/doc/README.md#escrow-transfer