Bitcoin Forum

Hey guys!
 
any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

What about staking on the exodus wallet? This seems legit eventhough the APY that already offered by exodus was small but you can stake it through your exodus wallet. As far as i know that exodus wallet has a very good security too. This will not make you pegged with the 3rd party just like the swap or farm service. You can also stake your assets through various wallet like trustwallet, safepall, ledger and something else.
This is the best way to stake your coin as you didn't need to complete the KYC verification as the wallet didn't require it.
It's not a mandatory for the its users.

I am not personally into staking stablecoins but I think you could use this thread^[1] as a reference to choose which platform you're going to use. Just gotta be careful on some platforms that offers a great returns that seems to good to be true.

[1] Stablecoin staking (https://bitcointalk.org/index.php?topic=5351555.0)

Thy, but I know this thread. The alternatives there seems a bit shady.

Thy, but it seems a wallet? I was thinking more about a contract.
Wallets seem to be a weak target for me, if they re not hardware.

I was thinking of stables as horses or livestock are kept. Lol.

Anyway, isn't it available to hardware wallets? I'm thinking of lending instead. Have you thought about this? It's possible that it could give you higher returns, right?

The platform for staking coins is actually a third party that helps you manage the coins you own.
Usually, this platform has a fee that is taken from the rewards you get when trading. Each platform has a different policy regarding this. So make sure this policy fits your needs.

If you looking without "KYC", the best answer is to use "AMM Exchange (Decentralized Exchange)".

The interest around 0.3%-10% more than that is a bit sketchy and shady because the only new unknown exchange will give high interest. Binance have interest offer called "Binance Eearn" for Stable coin around 0.5-1,2%, I don't know which country you're however I can still use binance without KYC. Another solution you can search some reddit experience or article like this : https://medium.com/@topstaking/staking-stablecoins-best-ways-to-earn-interest-on-stablecoins-a9c0047150b6

Lending is also fine, mean in general something with a ROI which won't scam me for my stables :) (or horses)

You looking for stable staking platform to mint your coin, right?
Well, I could suggest Biswap is one of the best platform for this matter anyway.
Farming or staking using this platform are pretty much good dude, I had been doing it for more than 6 months now
and so far so good, no regrets that I found this platform of farming and staking coins.

Blockfi is one of the best staking platform which offers 8%APY upto $40000 which is a decent rate for staking a stable coin but its not really a smart investment option since you are going to hold a huge amount for very little return.

About the risk factor as long as the platform performs scam, you are safe. :D

Thank you! But what's the alternative to stacking / lending when you have part of your positions in stables?

Thank you bro, the problem is I don't wanna trust any platform just decentralized are in question.
Earlier or later they all will scam you.

There is no better option than these to earn passive income with stable coins, if you have trading skills then go for stable pair long term trade which is less risky compared to volatile pairs when you hold the funds longer like years.

Sry don't get your last sentence. Which Stable pair long term trade do you mean?

Thank you!

I believe that uniswap and pancakeswap has these options as well. You are not staking stable and earn stable, but you are staking stable and earning tokens. Which is probably not what you want but at least it is the best option when you are not required to do any KYC at all there. Obviously there is an increasing problem of stablecoins being a bit hard to trust since they are centralized, but if you can convince yourself that they are good, then you could definitely do that.

I personally believe that you should stake tokens and earn tokens, that is a much better way to stake. For example if you buy uni token then stake uni token that would be great return, or ETH has proof of staking now, or Cake has staking as well. Those things are a lot better than stablecoins because they are a lot more trustworthy as well, but that is just what I think, you do what you feel the best.

You can try chainge.finance, in chainge.finance app, you can time frame your usdt and you can then use the TF-USDT to add liquidity against other stable coins with absolutely no impermanent loss.

The later is if you still want to earn more money from trading fees, but you don't want to, you are already rewarded for Time framing your usdt which also is zero impermanent loss.

The app is available for download in google playstore or iPhone Apple store  just search for Chainge finance.

You can see more here - https://www.chainge.finance/info/pool (https://www.chainge.finance/info/pool)

So have you tried it? I'm seeing in my Ledger Manager that you can do the Lend option. It accepts the following stables

• USDC
• DAI
• USDT

It's pretty informative within the site linked below. Just be careful about how much you are risking. I haven't tried it TBH but I think it's worth to try.

https://www.ledger.com/lend

This is actually the safest for me but it requires you to own a Ledger wallet (X or S). But if you want a better one as I own an S version which is the older one, I found no issue with it. While the X has a battery issue.

The feature supports three stable coins which can be a good choice for OP if he's into stable coins staking.

Well, it won't require you KYC.

There is always risk in every investment. Moreover, the staking in question is in a cryptocurrency where we know that cryptocurrencies have a high risk. All we can do is minimize that risk by researching every staking we want to follow.

LOL, Chainge is a very legitimate project, the project is owned by DJ Qian, he is also the owner of Fusion protocol which have been around since 2017, you can search FSN on coinmarketcap, this two projects are highly promising and they are currently undervalued cus real investors are yet to discover it, the chainge app is currently one of the best DeFi apps in the market and only a trial will convince you.. Trust me, am currently earning from the app everyday.

I also think this is your best shot, from my understanding you are looking for a total decentralized way of staking without any risk of losing your funds, having the ability  to lend directly from your ledger even though the roi is small is better,  better to be safe than sorry.

Its stakes network is actually a third-party service that assists you in managing your currencies.

Funding is indeed acceptable, indicating it with a positive return on investment that will not defraud them of the resources.

Without identity verification, there is another option: https://waves.exchange/investments If you trust the wave platform, then this will not be a bad option, the design and interface are very user-friendly,it seems to me that no one will have any problems with placing deposits.By the way, you can withdraw them at any time.

For Making an Stable coin Staking without kyc you only need one Decentralized wallet that's free to create and easy to use but Staking at Stable Coin can generate only a passive income and without so much profit Their are many Decentralized Exchange that provide such facilities like OTC desk on Waves and many more but Remember even these Exchange had risk to get hack or if they are out of service for some reason then your fund may be at risk so the best part is choose wisely and kyc is also not a tough process it need a very least time to complete

You can't get "safe", "centralised" and "no-KYC" in one sentence.

I think that your options would be expanded significantly if you were able to provide KYC, but otherwise you're limited to a few niche projects.

What is your motivation for staking stablecoins anyway? Why not stake something like ETH instead?

You have no issue with the Nano S but have you tried the lending feature? I haven't explored it yet and I don't have extra funds that I'm not going to use for now. I may try it soon once I have converted some of my BTC.

I do have the Nano X and thankfully I don't have any troubles with the battery and I think I can lend if I would use that feature.

You can use any reliable decentralised exchange for this purpose as they don't require KYC. Personally I stake different coins on Pancake Swap because it is on a cheap Binance Smart chain. You can choose from Uniswap or 1Inch that are also good DEXes. But actually, APYs are rather small when we are talking about staking stablecoins, but they are still higher than just deposit in a bank.

There are good benefits in Blockfi and Celsius, its a good option if you are just holding tokens. I'm not really sure why you should choose stablecoin to stake but it's better to really just pick a coin and that's what you need to grow than having to rely on the APY which the value is not going to be pump up.

8.88% for Celsius platform I guess that's a lot compare to depositing it to banks. I stake some of my ADA on Celsius, the reward is good but has a locking period.

Could you stake stable on pancake and those other defi sites?  I cant use blockfi or celcieus due to where im from.

If you want to do staking without having to do KYC, maybe you can do it on Pancakeswap. And the APY rate is higher compared to others. But you can also stake on Binance. Even Binance provides short-term staking, so you get the opportunity to sell and buy other coins at the right time. Maybe some people are not interested in the KYC system implemented by every exchange, so they can choose a decentralized exchange, or dex. But for me KYC is not an obstacle in every investment. Of course we will choose a trusted exchange even though we are asked to complete a complete identity.

there are platforms that offer to stake stablecoin without losing. unless you have lend your stables with collateral. then borrowed against your collateral. then you may loose your stablecoins. as long as you lend without borrowing. your funds are saved and you can earn rewards for lending. such platforms are Aave, compound to name but a few. you can lend on BSC on venus.

You can stake $FET. Fetch.ai start the stake drop on Mobix. Fetch.AI (FET) token is used as the value exchange on the Fetch.AI network. Fetch has a grear team and they developing the project constantly.

The safest way of staking coins is to choose big and strong projects whose reputation and technical team are good enough to be sure that nobody will steal you money. Or at least they will return it if anything like that ever happens.

How many projects have you seen where the developers return the money when they are not successful in delivering what they intended to launch. I am not aware of any projects that did that. When a project goes down, either you hear there is a major hack in the system and blame everything on the hack and usually they get away with that.

I am providing liquidity to some of the projects and i am not going to name them, i am following their development on a daily basis and if find something fishy i would cash out and move on.

as far as I know you can do staking without KYC can only be done in trustwallet. but the coins that can be staked are few.
as far as I know there is no stable coin that can be staked.
but if you do KYC on an exchange wallet that has staking facilities you can staking stable coins.
can also do on other coins because the choices are many.
I hope this info is useful

To avoid KYC you are to use decentralised exchanges or platforms. There are different good platforms on different blockchains.For example, on Polygon the best option for you will be Curve, on Ethereum you can choose for example Uniswap. So just find a reliable exchange on a blockchain that you prefer and there will be opportunity to stake stables.

Use a farming pool on a decentralized exchange like spookyswap or ref finance and sell your farming reward tokens for more stablecoins. loop this