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 between 8-15% (this value is calculated in real time and may change every day). You can check the current interest rate in the Investment tab.

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

Neutrino Dollar (USDN) is a crypto token that is algorithmically pegged to the US dollar, so its exchange rate is usually about $1 with small deviations. It is implemented on the Neutrino stablecoin protocol offering holders the ability to stake their tokens and receive rewards generated by the Waves Platform economy. 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 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 your Waves.Exchange mobile app and at the bottom of the interface select the Investment screen:

Tap Staking to go to the Staking tab.

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

Note: To get USDN tokens either tap Trade to open the Trading tab with selected USDN/WAVES Pair or tap Buy to buy Neutrino with card as described in the instruction below.

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

Tap Deposit to open the Deposit pop-up window:

In 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 tap Deposit:

On the next screen tap View Details to review the transaction details or tap Okay to close the pop-up window.

The transaction will be processed with the next block update.

How to Withdraw Assets

Open your Waves.Exchange mobile app and at the bottom of the interface select the Investment screen:

Tap Staking to go to the Staking tab.

Tap 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 tap Withdraw.

On the next screen tap View Details to review the transaction details or tap Okay to close the pop-up window.

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: mobile stake neutrino staking usdn passive income investments earn free

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