WAVES is an all encompassing ecosystem of innovative technologies advancing technological frontiers for the pioneering developers of tomorrow and adopting them for every-day practical implementation. Leveraging the three practical and powerful blockchain protocols, Waves provides both developer-friendly infrastructure as an experimental ground for innovation and ready to use tools and products demanded here and now.
Staking USDN is a secure system by which holders can use their capital to generate stable, passive income, without any further requirements on their part.
Algorithmic stablecoin enabling sustainable DeFi
Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Leveraging the staking model of the Waves protocol’s underlying consensus algorithm, USDN staking yields a sustainable reward of up to ~ 15% APY.
USDT staking is a product from Waves.Exchange and the first DeFi interchain product on the Waves blockchain. Funds are accumulated on the Waves blockchain, which are then proxied into DeFi products of the Ethereum ecosystem, including Curve, Uniswap, etc. When staking USDT, you receive the USDTLP assets in return. USDTLP is the assurance of your funds staked to the smart contract. The USDTLP price is formed from the ratio of the amount of USDT in staking to the amount of USDTLP assets in circulation. Income in USDT is accrued daily and added to the staking pool, while USDTLP is not issued. At any time, you can unstake USDT, i.e. exchange your USDTLP assets to USDT assets at a new, increased rate. The difference in USDTLP price when you start staking and exit staking will be your income. This difference can only be positive.
