Bitcoin Forum

I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?

No not possible but you could add liquidity to curve and other places though this is not exactly staking and the pegging is not the most accurate. Meaning that depending on which way the pool reduces you could end up losing (as well as earning) something quite different from staking whew you just earn tokens on top of your original ones. I don't recommend using any before DYOR, especially since pool liquidity can be a little tricky to wrap your head around

Not really familiar for staking.

But you can choose "DeFi" feel free to check on https://coinmarketcap.com/yield-farming/ you can find the list site with "APY" information of each coin you want to use. Venus or Curve could be the option you are looking for.

Then check all of the wallets, most likely the multi-currency wallets. The list is here and this is to give you an idea.
(https://swapspaceco.medium.com/top-7-multicurrency-wallets-2020-703889f5bd3b)
There's also another wallet that allows you to put that on their interest account and that's Abra. You will earn 14% annual gain for the USDT deposit.
(https://www.abra.com/earn/)

Actually, if you are going to do staking, you must be ready to entrust your money to this platform as you have to deposit your USDT to this platform and there are risks that this platform will be hacked or scammed, and as your money are in a smart-contract or in a wallet of this project, you are likely to lose them. So when you choose a platform for staking or farming, do a careful research.

Stakeing is the best way for lagit or safe investment. Stake Stable Assts profit Always

You can probably on some dapps or defi dex. These are possible, using a decentralized wallet app. But some staking stablecoin on some cex also like binance. But for sure the higher the rate on some dex compared to that but just be cautious on some dex as it could be exploited and hacked. There are some flash loans or breaching occurring in the past affecting users.

That's really the risk that one person who's going to stake his USDT to a platform. I'm imagining how much interest you can get from that but with the certain worry about being hacked, you'll have that farewell to your money once they're targeted.
The attractive part is that those farming and staking that you might see offering for the other altcoins, they'll give such high percent for the gain that you can make on them and that's really intriguing for someone who's always calculating the possible return.

I'm pretty sure you can stake USDT on Nexo. You might also look into bridging your stables onto Secret Network and earn as an LP.

There is an Exchange called Biswap that I discovered thanks to a currency called BFG from a recognized casino here in the forum, and it has the staking part, where the most outstanding thing of all is that it can happen that if you have BFG you generate BNB or any currency that have in Hot mode in the Exchange, in this case you can put USD to do some staking to BFG or BNB, even the currency that has the best profitability.

This is an option simply, the ideal is that you do not put the USDT at risk much but in safe exchanges, such as in Binance or others that can generate more money, in Bitfinex you have the option of putting it in a loan mode to the exchange where you they give quarterly earnings, it is called Funding.

USDT staking is still a very new service. The vast majority of exchanges only allow you to stake classic PoS coins like ATOM. For now, the only major exchange where you can stake Tether is Tidex, with an interest rate of 12% a year.

I only know of staking ust via anchor platform using the terra station mobile app since ancor is project from terra luna ecosystem, the apy is fair, 19.5% apy is very reasonable for staking stablecoin unlike what binance is offering, and they also have insurance coverage depending of what you choose, you can as well do your research on this.

The possible thing to staking your USDT through wallets like exodus, trustwallet, trezor, ledger and many more. If you're looking for off cex solution to staking your tokens and this might become the best choice for you. Do your own research. Im staking USDT on exodus right now and so far so good. Im also using trezor but i have not yet used for USDT staking.
The return was good enough and the security measure was also very good . APY may not so big like what offered by some dex like pancake swap or binance but this has better security than it.
I thought that if you can consider these as the answer for your question.

what is your reason not to bet on exchanges like Binance and other exchanges? I think it's much easier and safer.

Try to play around the Solana ecosystem. There are a lot of platforms that offer 5% - 15% APY, it depends.
I can give some platforms that I already tried there;
Solend, Francium, Apricot, Larix

You can either use as collateral your USDT/USDC (stable coins) to yield farm leverage which is is much risky.
But you can just supply/lend/deposit/stake your USDT/USDC to the following platforms and earn interest from your deposit.


P.S. Do your own research and identify the risk of using the following platforms.

So many options for staking USDT actually. It's safer already in binance and you could have which you can trade to BTC whenever you feel right. I did it on WAVES.EXCHANGE as it has this staking where the USDN will still be in your wallet which is about 7% APY. It's a safer place I think there are more of these as far as I know but this is one that I think has a good earning when it comes to the liquidity pool.

We can suggest you stake your USDT or USDC or others in the ledger because you can monitor your coins while you stake and you do not have to send the coins to any exchanges as that can be a risk for you.
That will be better to avoid the risk so you can feel safe while waiting for the return from the staking process.
But so far, I have used Binance to stake some coins such as USDT, BNB, and others, and I do not have a problem.
I only use some small portions to the stake because I know the risk of staking with Binance.

I'm looking forward to stake with binance exchange but I will like to know what's the risk of staking with binance like you stated in your post? Actually I've never heard about any negativity on binance exchange so the question is have you? If yes pls share

it is risky if you bet directly with your wallet and connect to web staking. I think you should go through binance or exchange, it's safer than risking a big failure or loss. I think that's what you should do because exchanges like Binance already guarantee security for the members who are there

I don't understand what you mean, risking Usdt from an exchange like what you mean, if you look at the level of stability of Usdt, currently one of the stable coins including USD, or do you mean risking coins when market conditions are correcting , so there is no added value of the bet, to have an impact on the investment, you need to clearly state the intent of this postpost.

Trust wallet support staking from the wallet itself but unfortunately they don't support USDT and USDC, so you have to stake them on a platform, if you don't want to stake on Binance then blockfi is the better choice which offers 9 to 9.5% APY which is reasonable and that is what most you can expect from staking the stable coins and if you see anywhere like 50% returns then its scam.

From my understanding, the concept of staking implies that you transfer your funds to the recipient who pays interest for using your funds profitably. Transferring your funds to the exchange or to a trust fund is not far apart. I know we have some decentralized exchange that you could benefit from by adding liquidity. This tends to be more lucrative but may require a huge capital outlay.

Celsius is not "staking".

It's simply earning interest on your coins just as any other regular TradFi platform does.

Also, Celsius is pretty similar to a centralized exchange in the sense that your coins and private keys are all controlled by one central entity - which doesn't seem to be what OP wants at all.

The risk that I said about before is when the exchange suddenly closes its business, making members lose their interest and funds.
But so far, I do not see bad news from Binance and hopefully, that can last long so we can stake any coins on Binance with worry for the worst thing.
With their reputations, I am sure Binance will serve their members better than the other exchanges.
I only talk about the other exchanges that do not have good reputations as Binance. I am sorry if that is confusing you, so I apologize.

The risk of staking in binance is that you have to give up ownership of your coins by sending it over to the binance exchange before staking, so far, I haven't heard any negative feedback regarding binance staking, the exchange tries its best to secure the funds of users but you never know with hackers, it is still very risky, however, users funds are SAFU (Secure Asset Fund for Users) binance already ensures to protect users funds.

Add liquidity to Uniswap pools and 1 Inch
Statistics Tether USD (USDT)
https://v2.info.uniswap.org/token/0xdac17f958d2ee523a2206206994597c13d831ec7

USDC statistics
https://v2.info.uniswap.org/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Choose the safest pools with USDT / USDC / DAI stablecoins

Most people don't care if the service is new or not, but what matters most is the level of comfort and satisfaction in sending batch, if you talk about Usdt currently having cheap transaction fees, that's true, especially when compared to ethereum transaction fees , this will be very visible the difference, and maybe it's all right and true, so to get convenience in transaction fees, the steps to choose Usdt are very good in my opinion.

From the point of view that OP puts it, it is confusing for me what he means, what I interpret or understand is that OP is looking for a way to put USDT to a decentralized exchange, but obviously USDT is a stablecoin, and it is very difficult In order for its value to grow in price, what I can guess is that it can leave the usdt in staking mode to generate another currency such as BTC, BNB, and put it to work that way. This being the case, there are many decentralized exchanges such as Biswap, uniswap among others that can generate dividends if some staking is done.

I too, can't fully understand the point, at the moment Usdt is not completely decentralized, but in this respect it is different from other existing exchanges, while stablecoins are very difficult to develop, although Usdt has a good level of development, so to achieve what is expected may be very difficult, the staking mode will affect the way to generate dividends on any exchange, that's how it works as far as I know.

You can check and learn about it here: https://waves.exchange/investments
it's better to download the wallet and keep it well all important information to access your wallet.
I've tried to use this to stake my USDT but it didn't take too long only a few months

Yes, normally the USDT is a currency that for many is the most reliable, in fact every time there is a problem with the USDT one what he does is think about Bitfinex and the problem that occurred in 2017 when they said that the BTC had grown in price thanks to the injection of many USDT to buy BTC, and recently I saw a tweet, it is not confirmed, I only saw it, I do not know if it is fake, where they said that they had printed an amount of millions of USDT under which they had put nowhere, this obviously causes some commotion in the crypto world.

there dozen actually come to BinanceSmartChain and lokking for borrow and lending APP like Venus there is USDT but stablecoin stking usually show low APY/APR intstead of other token

You can't just stake USDT, it doesn't have any inherent yield.

But what you can do potentially is put it on DeFi protocols and lend it out, for example Aave is currently offering around 6-7% on USDT depending on what the platform you are staking on is. I would suggest using MATIC given the low fees that you will come across.

Crypto.com has a DeFi wallet that you can use as well - but that is essentially automating the process of yield farming for you.

If you don't mind about other stable coins you can stake UST in terra station wallet UST is just like USDT and usdc but under terra Luna network, also I suggest you should look into Atomic wallet it seems they still support usdt staking right in the wallet

Try Curve, Aave, Balancer.

None of them allow you to stake because USDT doesn't have inbuilt staking, but they should all be able to provide decent returns that are much higher than what you would get from your local bank.

Also I would suggest that you swap USDT for another stable coin before you yield farm, because USDT is notorious for being fractional reserved.

I will not use exchanges to stake those USDTs that I've got. But there are those people that are really insisting on entrusting their money into exchanges. So if you are insisting, choose the flexible choice so that you can withdraw it anytime. Because you might get into the locked one and I'm not so sure if you can withdraw there anytime or it's just that the interest you can't withdraw if you've got a fixed term. But it's always better to avoid exchanges with your staking choices because just as the always reminder, "not your keys, not your coins".

Most of staking defis literally offer staking with stablecoins simply because there are many people who gets attracted with its stability although it’s having relatively low APY.
You should check these defi in CMC because there are literally many of them and you should remember to choose the most famous staking platform because they could carry risk that caused your investment loss.
Although staking in a famous exchange is always recommended because it’s just a lot safer and usually some of them gives staking insurance too, although only very few of these staking platforms that provided by famous exchanges.

Here's some good comparison with Cefi and Defi
https://medium.com/general_knowledge/best-crypto-staking-platforms-2021-massive-rewards-c1e728e0ecc8

So its a personal choice whether you do deal with centralized or decentralized ones.

it is indeed hard to suggest which one is better over the other because we don't know for example the longevity of the defi platform. what if suddenly, they disappear or got out of business and their site suddenly goes missing? at the end of the day, it is the user who will decide for himself where to stake his funds. but consider the reputation and your insurance that you will get your money back if anything goes wrong, either from the site's end or outside attack.