Staking stables? | Bitcointalksearch.org

jr. member

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Quote from: Croin on September 28, 2021, 06:02:50 AM

Hey guys!

any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

Use a farming pool on a decentralized exchange like spookyswap or ref finance and sell your farming reward tokens for more stablecoins. loop this

barabeku

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umachit.fund

Quote from: Croin on September 28, 2021, 06:02:50 AM

Hey guys!

any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

To avoid KYC you are to use decentralised exchanges or platforms. There are different good platforms on different blockchains.For example, on Polygon the best option for you will be Curve, on Ethereum you can choose for example Uniswap. So just find a reliable exchange on a blockchain that you prefer and there will be opportunity to stake stables.

ardydyon

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as far as I know you can do staking without KYC can only be done in trustwallet. but the coins that can be staked are few.
as far as I know there is no stable coin that can be staked.
but if you do KYC on an exchange wallet that has staking facilities you can staking stable coins.
can also do on other coins because the choices are many.
I hope this info is useful

7788bitcoin

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Quote from: letyouearn on October 22, 2021, 03:59:10 PM

The safest way of staking coins is to choose big and strong projects whose reputation and technical team are good enough to be sure that nobody will steal you money. Or at least they will return it if anything like that ever happens.

How many projects have you seen where the developers return the money when they are not successful in delivering what they intended to launch. I am not aware of any projects that did that. When a project goes down, either you hear there is a major hack in the system and blame everything on the hack and usually they get away with that.

I am providing liquidity to some of the projects and i am not going to name them, i am following their development on a daily basis and if find something fishy i would cash out and move on.

letyouearn

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The safest way of staking coins is to choose big and strong projects whose reputation and technical team are good enough to be sure that nobody will steal you money. Or at least they will return it if anything like that ever happens.

idohunterr

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You can stake $FET. Fetch.ai start the stake drop on Mobix. Fetch.AI (FET) token is used as the value exchange on the Fetch.AI network. Fetch has a grear team and they developing the project constantly.

BayAngelo

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there are platforms that offer to stake stablecoin without losing. unless you have lend your stables with collateral. then borrowed against your collateral. then you may loose your stablecoins. as long as you lend without borrowing. your funds are saved and you can earn rewards for lending. such platforms are Aave, compound to name but a few. you can lend on BSC on venus.

nicolas1979

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Quote from: Croin on September 28, 2021, 06:02:50 AM

Hey guys!

any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

If you want to do staking without having to do KYC, maybe you can do it on Pancakeswap. And the APY rate is higher compared to others. But you can also stake on Binance. Even Binance provides short-term staking, so you get the opportunity to sell and buy other coins at the right time. Maybe some people are not interested in the KYC system implemented by every exchange, so they can choose a decentralized exchange, or dex. But for me KYC is not an obstacle in every investment. Of course we will choose a trusted exchange even though we are asked to complete a complete identity.

jerry0

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Could you stake stable on pancake and those other defi sites? I cant use blockfi or celcieus due to where im from.

cabron

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There are good benefits in Blockfi and Celsius, its a good option if you are just holding tokens. I'm not really sure why you should choose stablecoin to stake but it's better to really just pick a coin and that's what you need to grow than having to rely on the APY which the value is not going to be pump up.

8.88% for Celsius platform I guess that's a lot compare to depositing it to banks. I stake some of my ADA on Celsius, the reward is good but has a locking period.

magnum1010

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Quote from: Croin on September 28, 2021, 06:02:50 AM

Hey guys!

any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

You can use any reliable decentralised exchange for this purpose as they don't require KYC. Personally I stake different coins on Pancake Swap because it is on a cheap Binance Smart chain. You can choose from Uniswap or 1Inch that are also good DEXes. But actually, APYs are rather small when we are talking about staking stablecoins, but they are still higher than just deposit in a bank.

crwth

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Quote from: sunsilk on September 29, 2021, 04:04:20 AM

This is actually the safest for me but it requires you to own a Ledger wallet (X or S). But if you want a better one as I own an S version which is the older one, I found no issue with it.

You have no issue with the Nano S but have you tried the lending feature? I haven't explored it yet and I don't have extra funds that I'm not going to use for now. I may try it soon once I have converted some of my BTC.

Quote from: sunsilk on September 29, 2021, 04:04:20 AM

While the X has a battery issue.

I do have the Nano X and thankfully I don't have any troubles with the battery and I think I can lend if I would use that feature.

sikke

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Quote from: Croin on September 28, 2021, 06:02:50 AM

Hey guys!

any idea what's the safest way to stack stables without risking losing them?
(Nothing with KYC)

Thank you!!

You can't get "safe", "centralised" and "no-KYC" in one sentence.

I think that your options would be expanded significantly if you were able to provide KYC, but otherwise you're limited to a few niche projects.

What is your motivation for staking stablecoins anyway? Why not stake something like ETH instead?

Orange89

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I WANTED EVERYONE TO BE HAPPY IN LIFE

For Making an Stable coin Staking without kyc you only need one Decentralized wallet that's free to create and easy to use but Staking at Stable Coin can generate only a passive income and without so much profit Their are many Decentralized Exchange that provide such facilities like OTC desk on Waves and many more but Remember even these Exchange had risk to get hack or if they are out of service for some reason then your fund may be at risk so the best part is choose wisely and kyc is also not a tough process it need a very least time to complete

nimogsm

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Without identity verification, there is another option: https://waves.exchange/investments If you trust the wave platform, then this will not be a bad option, the design and interface are very user-friendly,it seems to me that no one will have any problems with placing deposits.By the way, you can withdraw them at any time.

Bikan

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Its stakes network is actually a third-party service that assists you in managing your currencies.

Funding is indeed acceptable, indicating it with a positive return on investment that will not defraud them of the resources.

pealr12

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Quote from: crwth on September 29, 2021, 01:44:54 AM

Quote from: Croin on September 28, 2021, 08:39:56 AM

Lending is also fine, mean in general something with a ROI which won't scam me for my stables

(or horses)

So have you tried it? I'm seeing in my Ledger Manager that you can do the Lend option. It accepts the following stables

USDC
DAI
USDT

It's pretty informative within the site linked below. Just be careful about how much you are risking. I haven't tried it TBH but I think it's worth to try.

https://www.ledger.com/lend

I also think this is your best shot, from my understanding you are looking for a total decentralized way of staking without any risk of losing your funds, having the ability to lend directly from your ledger even though the roi is small is better, better to be safe than sorry.

Fivestar4everMVP

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Quote from: ?? on ??

I agree with the early reports, you can choose to post any project, the question of liquidity and trust in the project itself. TF-USDT looks good, but just what can be said about the project, I suppose I don't know anything about it at all, but from superficial information it looks too tasty.

LOL, Chainge is a very legitimate project, the project is owned by DJ Qian, he is also the owner of Fusion protocol which have been around since 2017, you can search FSN on coinmarketcap, this two projects are highly promising and they are currently undervalued cus real investors are yet to discover it, the chainge app is currently one of the best DeFi apps in the market and only a trial will convince you.. Trust me, am currently earning from the app everyday.

kojektea

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There is always risk in every investment. Moreover, the staking in question is in a cryptocurrency where we know that cryptocurrencies have a high risk. All we can do is minimize that risk by researching every staking we want to follow.

sunsilk

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Quote from: crwth on September 29, 2021, 01:44:54 AM

https://www.ledger.com/lend

This is actually the safest for me but it requires you to own a Ledger wallet (X or S). But if you want a better one as I own an S version which is the older one, I found no issue with it. While the X has a battery issue.

The feature supports three stable coins which can be a good choice for OP if he's into stable coins staking.

Well, it won't require you KYC.

Topic: Staking stables? (Read 281 times)