Staking - USDN (Detailed How-To Guide)

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Hello family today we will talk about a great opportunity that presents us due to the fact that everyone has their eyes fixed on CompoundMKR or SNX because when we talk about STAKING we focus on the DeFi system that only runs on Ethereum and we  forget about other types of opportunities, specifically STAKING with Neutrino Dollar (it is a stablecoin) is linked to the value of 1 USD and this is one of the best, safest and most profitable ways to get a return on your currencies


why? Well with staking you don't lose control over your coins first of all.


Second:Neutrino Dollar (USDN) has an annual rate of 9.59% which is quite quite good


Third: staking with USDN you do not depend on the volatility of the currency so that your STAKING is profitable, compared to other currencies with which we can STAKING, which have to keep the price stable or have to raise the currency so that the STAKING is profitable, but if the value drops, your STAKING is not profitable.


On the other hand, Neutrino Dollar is a Stablecoin, which remains stable all the time and is the first that has integrated staking, with USDN we do real STAKING and not a savings account, I emphasize that the most interesting thing is that USDN is a decentralized stablecoin.


What is a decentralized stablecoin? In summary USDN works the same as DAIDAI is a stablecoin that runs on ETHEREUM and is backed by ETH and other ERC-20 tokens and in this way through smart contracts makes it keep its value always linked 1 USD.

 

USDN is the same but this runs through the WAVES platform a very interesting project with great projection in my opinion, that it is at level 63 of the top 100 of Coinmarketcap, USDN is backed by the WAVES currency, that's why it is a decentralized stablecoin , that this adds a safety factor.

 

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Comments

You did not say anything on how to go about the staking. You only introduced USDN and the platform on which it is based. Thanks.

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3 years ago