Had no idea neutrino is available in other markets. But still... is this interest rate normal and sustainable?
That would literally mean people with a lot of money could just stake usdn and make passive income like that?
Like someone who have 50k worth of money could literally earn 6k a year worth of usdn that you can easily convert to usdt or btc and then fiat to your bank right? And someone with like 500k could earn 60k a year worth of usdn that is easily converted to usdt/btc and then to fiat? This looks way too good to be true... but i guess its just like nexo/celsius/blockfi?
Topic: Waves USDN Staking? (Read 83 times)
Do any other exchanges use USDN or is it only waves? Is it safe to have USDN? Like i know people back then said having lot of USDT wasn't that safe since it wasn't confirmed backed but now people say usdt and usdc is safe.
But what bout USDN?
So basically staking USDN on waves_exchange wallet those percentages is like staking usdt or usdc stablecoins with similar interest rates on nexo/celcius/blockfi?
But what bout USDN?
So basically staking USDN on waves_exchange wallet those percentages is like staking usdt or usdc stablecoins with similar interest rates on nexo/celcius/blockfi?
hey, have you checked their markets here -
https://www.coingecko.com/en/coins/neutrino-usd#markets
surprisingly, there's a lot of exchanges that this usdn is listed with not only in waves.exchange. and btw, the interest that youre talking about which is 18.67%, more then likely that's their APR. have you tried reaching out their telegram channel or any social media channel? i guess, you can get direct answer from them about their staking features.
and talking bout being safe for this stablecoin. no one can guarantee you about being safe. just monitor their updates.
Do any other exchanges use USDN or is it only waves? Is it safe to have USDN? Like i know people back then said having lot of USDT wasn't that safe since it wasn't confirmed backed but now people say usdt and usdc is safe.
But what bout USDN?
So basically staking USDN on waves_exchange wallet those percentages is like staking usdt or usdc stablecoins with similar interest rates on nexo/celcius/blockfi?
But what bout USDN?
So basically staking USDN on waves_exchange wallet those percentages is like staking usdt or usdc stablecoins with similar interest rates on nexo/celcius/blockfi?
Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
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