Introduction

Staking is the feature based on the smart contract technology developed by Neutrino team. It is similar to conventional banking where you can deposit or withdraw assets. Waves.Exchange supports staking Neutrino tokens.

The annual profit of staking Neutrino is up to 20% (this value is calculated in real-time and may change every day). You can check the current interest rate on the Staking Dashboard.

Currently staking works with Neutrino assets only, so to deposit the assets for staking, you have to buy Neutrino assets first.

Neutrino (or USDN) is an innovative unique algorithmic stablecoin, that is pegged to the US dollar, so its exchange rate is usually about $1 with small deviations. Other types of assets will be available for staking later.

How Neutrino staking works:

  • The rate of earnings is not regulated by a third party and is considerably higher than any bank currently provides.
  • Payments in USDN occur on a daily basis.
  • You can make sure that your payment has occurred or cancel your stake if there's something you're not comfortable with. You will never lose the earnings you have already accrued.
  • You don't have to retain your funds under someone's management. Your funds remain solely under your control, all operations are carried out through an independent public smart contract. Each transaction is transparent and public (your personal data is safe).
  • The smart contract will never require any documentation. Your staking balance and payouts are completely anonymous.

How to Deposit Assets

Open Waves.Exchange app, navigate to the Investments tab and click Start Staking to go to the Staking tab:

The Staking tab contains different information, such as your total USDN balance, your current staking balance, estimated annual interest etc.

Note: To get USDN tokens either click Buy on Exchange to open the Trading tab with selected USDN/WAVES pair or click Buy with Card to buy Neutrino with card as described in Buy Neutrino with Card section.

For details about trading, see Start Trading on Waves.Exchange.

Click Deposit to open the Deposit pop-up window:

On the Deposit pop-up window you can see your available balance and the amount of fee for the deposit operation:

To continue, specify the amount you want to deposit and click Deposit.

On the next screen you can review the transaction details:

The transaction will be processed with the next block update.

How to Withdraw Assets

Open Waves.Exchange app, navigate to the Investments tab and click Start Staking to go to the Staking tab:

Click Withdraw to open the Withdraw pop-up window:

On the Withdraw pop-up window you can see your available balance and the amount of fee for the withdrawal operation:

To continue, specify the amount you want to withdraw and click Withdraw.

On the next screen you can review the transaction details:

The transaction will be processed with the next block update.

If you have any questions related to Waves.Exchange, feel free to contact us via customer support.

tags: stake neutrino staking usdn passive income investments

Did this answer your question?