Passive income ~ 10% per annum in stablecoin

bitcoin.net (37)in #staking • 4 years ago

Health to you cryptans! If there is health, there will also be a crypt, sooner or later, in wallets to ring. The post will tell us about the possibility of passive earnings on crypto in stablecoin, which is pegged to the US dollar. That is, the profit will be stable in dollars and all the same on the bitcoin exchange rate. This is one of the charms of what will be discussed below.

Passive income, or as it is now fashionable in crypto, they say - staking, we are provided with many exchanges and wallets. Let's talk about one of the coolest exchanges in this regard - Waves Exchange. The exchange gives the largest percentage in dollars, which I have not seen anywhere else ~ 10% per annum in USDN. 👊 USDN is a token on the Waves blockchain pegged to the dollar. It trades in pairs with a lot of crypto and there are more such pairs than pairs with stable USDT on the ether blockchain.

Why is staking much better than a bank deposit? There are a lot of reasons, but the most attractive of them are the lack of verification and the most gorgeous percentage of profit.

How to stake my funds?

Buy USDN token
Deposit USDN
Done! Receive USD interest daily

There are definitely questions left, I'm sure of that. For a simple understanding of information, consider the most common of them.

What are the benefits of staking USDN?

USDN is a unique and innovative algorithmic stablecoin.

By contrast, Neutrino Dollar staking works as follows:

You do not send your funds to another party. They remain solely under your control, and all operations are carried out through an independent public smart contract. Each transaction is transparent and public (without disclosing your personal data, of course).
The rate of earnings is not regulated by a third party, and is significantly higher than any bank provides. For example, USDN is expected to provide a yield of 8-25% per annum.
Payments in USDN occur daily.
Users can make sure that their payments have occurred, or cancel their stake and withdraw their funds at any time. They will never lose the earnings they have already accrued.
The smart contract will never require any additio

Will I lose my earnings if I cancel staking?
You can cancel your stake at any time without loss of accrued interest. Once the reward has been sent to your address, it is yours. There is no way to cancel a transaction that has been already sent.

What is the minimum amount for staking?
There are no restrictions on the minimum staking amount. You can lock any amount of USDN for staking in the smart contract.

Where do the funds for paying staking rewards come from?
Rewards come from payments for the generation of new blocks and transaction fees on the Waves Platform. Staking rewards are automatically sent to the Neutrino smart contract, converted to USDN at the current market rate of WAVES and sent to stakers. Waves block generation is governed by the protocol’s decentralized monetary policy.

Can I independently audit the smart contract’s code?
Absolutely. The smart contract’s source code, as well as any updates and additions, are stored in a public repository:

https://github.com/ventuary-lab/neutrino-contract

Source code and account balances can be audited using Waves Explorer:

1 - Main Neutrino Dollar contract:
3PC9BfRwJWWiw9AREE2B3eWzCks3CYtg4yo

2 - Staking contract:
3PNikM6yp4NqcSU8guxQtmR5onr2D4e8yTJ

3 - Auction:
3PG2vMhK5CPqsCDodvLGzQ84QkoHXCJ3oNP

4 - Oracles contract:
3P5Bfd58PPfNvBM2Hy8QfbcDqMeNtzg7KfP

5 - Liquidation contract:
3P4PCxsJqMzQBALo8zANHtBDZRRquobHQp7

Waves Exchange has been operating for the 4th year now, so there are no problems with it, the reputation is time-tested. If you are very afraid and still have doubts, then you can check the work of staking with a small amount of investment.

All profit!

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