Introduction

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

The annual profit of staking USDN is between 8-15% (this value is calculated in real-time and may change every day). You can check the current interest rate on the Staking Dashboard.

USDN is a crypto token that is algorithmically pegged to the US dollar, so its exchange rate is 1 USD. It is implemented on the Neutrino stablecoin protocol offering holders the ability to stake their tokens and receive rewards. Other types of assets will be available for staking later.

How USDN staking works:

  • The rate of earnings is not regulated by a third party and is 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 ask you for any documents. Your staking balance and payouts are completely anonymous.

How to Deposit Assets

Open Waves.Exchange app, navigate to the Investments tab and click Stake USDN on the USDN Staking panel to go to the USDN staking tab:

The USDN 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 USDN with card as described in Buy USDN with Plastic 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.

Note: you can pay a transaction fee by using a sponsorship asset. Just click on Transaction fee Options and choose sponsorship asset.

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 Stake USDN on the USDN Staking panel to go to the USDN 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.

Note: you can pay a transaction fee by using a sponsorship asset. Just click on Transaction fee Options and choose sponsorship asset.

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.

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