Post
Topic
Board Altcoin Discussion
Re: Staking usdt off exchanges
by
LUCKMCFLY
on 31/12/2021, 04:03:07 UTC
I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?
I don't understand what you mean, risking Usdt from an exchange like what you mean, if you look at the level of stability of Usdt, currently one of the stable coins including USD, or do you mean risking coins when market conditions are correcting , so there is no added value of the bet, to have an impact on the investment, you need to clearly state the intent of this postpost.
From the point of view that OP puts it, it is confusing for me what he means, what I interpret or understand is that OP is looking for a way to put USDT to a decentralized exchange, but obviously USDT is a stablecoin, and it is very difficult In order for its value to grow in price, what I can guess is that it can leave the usdt in staking mode to generate another currency such as BTC, BNB, and put it to work that way. This being the case, there are many decentralized exchanges such as Biswap, uniswap among others that can generate dividends if some staking is done.

I too, can't fully understand the point, at the moment Usdt is not completely decentralized, but in this respect it is different from other existing exchanges, while stablecoins are very difficult to develop, although Usdt has a good level of development, so to achieve what is expected may be very difficult, the staking mode will affect the way to generate dividends on any exchange, that's how it works as far as I know.
Yes, normally the USDT is a currency that for many is the most reliable, in fact every time there is a problem with the USDT one what he does is think about Bitfinex and the problem that occurred in 2017 when they said that the BTC had grown in price thanks to the injection of many USDT to buy BTC, and recently I saw a tweet, it is not confirmed, I only saw it, I do not know if it is fake, where they said that they had printed an amount of millions of USDT under which they had put nowhere, this obviously causes some commotion in the crypto world.