How does USDT staking work?You stake Tether on the exchange, but the actual stake is made in Neutrino (USDN). It’s a USD stablecoin issued on the Waves blockchain and fully backed by WAVES. In the end, the chain looks like this: rewards are generated in WAVES and automatically converted into USDN, after which Tidex converts them into USDT for you.
The big advantage is that you don’t have to deal with another stablecoin (Neutrino). If you are into rick hedging, you probably already hold Tether anyway and don’t want to convert it into something else without necessity. Staking is very convenient: you just have to hold USDT on the exchange, and the rest is done for you.
In June 2020,
USDT staking on Tidex yielded +0.82%. For comparison:
Tezos -19.90%,
Cosmos -8.15%,
Decred -10.2%,
DAI +0.19%.
You'll probably feel safer getting a guaranteed reward rate. Don't miss the most profitable staking opportunity on the market:
buy USDT and stake now on Tidex ➡️
