# Stake Asset

# Introduction

Staking is the feature allowing to invest your assets to get profit. It is similar to conventional banking where you can deposit or withdraw assets.

Waves.Exchange supports staking WAVES, USDN (Neutrino), NSBT and DeFo assets.

# WAVES Staking

Most users don't have 1000 WAVES to run their own node, but they can help the project by staking WAVES to someone who is able to run a node. Staked WAVES are not transferred to another account, but remain on the sender's balance, however, they are 'frozen' and cannot participate in the buying and selling operations, as well as they cannot be sent to another account. Staking can be cancelled at any time to 'unfreeze' the staked WAVES. The Proof of Stake technology allows to make network stronger and safer and get reward in return. Every staking pool offers its own annual income and payout frequency conditions.

# How to Stake WAVES

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click WAVES Staking to go to the staking dashboard page.

WAVES staking dashboard page displays total, available and staked WAVES balance and the list of active and cancelled staking transactions. You can also track daily/weekly/monthly staking income and payout history if you stake your WAVES to a pool from the list of verified pools.

Note: To get WAVES on the Staking dashboard page click Buy on Exchange to open the Trading tab or click Buy with Card to buy WAVES with card as described in Buy Cryptocurrency with a Bank Card article.

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

Click Stake WAVES to open the selection screen.

You can select staking pool from the list of verified pools or select the Enter Manually checkbox and specify the address manually.

Note: Before staking your WAVES, carefully read the terms of the selected pool. Waves team does not regulate the rewarding process. Pay attention to the offered annual income and payout frequency conditions. Waves team does not recommend staking to the largest pools, because this leads to centralization, and, as a result, decreases the network security.

Specify the Amount of WAVES you are willing to stake and click Stake WAVES.

Note: If you have not enough WAVES on your balance to pay the transaction fee or if you have specified the Amount of WAVES that is greater than you have on your balance, click on the card icon to buy more WAVES.

Staking usually starts working in less than 17 hours after clicking Stake WAVES. The transaction will appear on the staking dashboard page. Meaning that you have successfully staked your WAVES.

Note: If you staked WAVES and have not received the offered reward from the staking pool in time, contact the staking pool owner. If the staking pool owner does not reply, go to the pool menu (⋮) and click Complain to open the dialog box where you can report the case to Waves team.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# How to Cancel WAVES Staking

To cancel active WAVES staking, navigate to the Investments tab and click WAVES Staking to go to the staking dashboard page.

In the Active tab find the desired staking pool and click ˅ to expand the list of the active staking transactions. Find the desired transaction and click Cancel.

Note: If you have multiple active staking transactions to one pool you can cancel them all by clicking Cancel All Staking in the pool menu (⋮). Keeper/Ledger accounts do not support Cancel All Staking feature.

Check the selected transaction data and if everything is correct click Cancel.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# USDN Staking

USDN is the unique innovative algorithmic stable coin developed by Neutrino team (opens new window) based on smart contract technology. The coin always has 1 USD exchange rate with very small deviations.

Important: Waves.Exchange allows to increase your income by attracting new USDN users. Read more about USDN referral program.

The profitability of USDN staking is 12-15% yearly (this value is calculated in real-time and may change frequently). You can check current profitability on the Staking Dashboard (opens new window).

How USDN staking works:

The percentage of profit is not regulated by third party and is higher than any bank currently offers.
You receive your interest payments in USDN daily.
You can check the correctness of payments at any time and cancel your staking if something does not suit you. You will not lose interest you have already accrued.
You do not send your funds under someone's management. The assets are always under your control, all operations are carried out through an independent public smart contract. Transactions are transparent and public while 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 Stake USDN

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking and select USDN to go to the staking dashboard page.

The staking dashboard page displays information, such as your total USDN balance, current staked balance, estimated annual staking interest etc.

Note: To get USDN on the Staking dashboard page click Buy on Exchange to open the Trading tab with USDN/WAVES Pair selected or click Buy with Card to buy Neutrino with card as described in Buy Cryptocurrency with a Bank Card article. Or click Swap WAVES/USDN via Smart Contract to open the Swap WAVES ⇌ USDN (opens new window) page and swap your WAVES to USDN as described in Swap WAVES ⇌ USDN article.

Click Stake USDN to open the Deposit pop-up window.

On the Deposit pop-up window you can see your available balance and the amount of fee for the deposit operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to deposit and click Stake USDN.

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# How to Unstake USDN

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking and select USDN to go to the Staking dashboard page.

Click Unstake USDN to open the Withdraw pop-up window.

On the Withdraw pop-up window you can see your staked balance and the amount of fee for the withdrawal operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to withdraw and click Unstake USDN.

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# USDN Referral Program

USDN referral program allows to increase your income by attracting new users. Waves.Exchange rewards users involved in the referral program for purchasing USDN with a bank card.

Important: The older referral program rules still work for users who already have referrals. All the new users (who joined the referral program after 29.10.2020) are rewarded according to the new program rules described in this article.

You Referral Link is available on the USDN Staking tab. To participate in the program, invite new users by sharing your Referral Link.

Every visitor who follows your referral link to create new account is your potential profit. You will receive 0.7% (of the purchased USDN amount) reward each time a user you invited buys USDN with a bank card. The invited users will also receive 0.3% (of the USDN amount they purchase with a bank card) reward.

Note: The Active Referrals indicates the number of users you invited who purchased USDN with a bank card at least once.

# OTC Service

OTС (Over-the-Counter) service is designed for Waves.Exchange premium users to exchange USDT to USDN (and vice versa). The service allows to exchange the amounts over 10k at 1:1 rate. Read more about OTC Service.

# USDT Staking

USDT (opens new window) staking is the first DeFi interchain product on the Waves blockchain. Staked USDT are accumulated on the Waves blockchain and then proxied to DeFi products of the Ethereum ecosystem.

The staked USDT are managed by public open-source smart contract (opens new window). This makes all the transactions completely transparent, so that anyone can audit the smart contract to make sure it is safe and reliable. The staking interest rates are not regulated by third party and are significantly higher than any bank currently offers.

When you stake USDT, you receive USDLP (opens new window) assets in return. USDLP is the assurance asset that proves that your USDT are staked to the smart contract. The staking interest in USDT is accrued daily and added to the staking pool, this causes the price of USDLP to increase. You can unstake USDT at any time and receive your accrued interest. When you unstake, your USDLP is exchanged to USDT at a new, increased rate. The difference between USDLP rate when you stake and the increased rate when you unstake is your interest. This difference can only be positive because the smart contract ensures that the USDLP price never goes down. USDLP price in USDT is calculated by the formula (opens new window).

To access USDT Staking, open Waves.Exchange (opens new window) app, login to your account and navigate to Investements > USDT Staking (opens new window) tab.

The tab displays various information, such as your current USDT and USDLP balance, estimated annual staking interest, your staking transactions etc.

To add more USDT to your balance, click Deposit to proceed with the popup window allowing to deposit USDT to your Waves wallet from an external wallet or from Waves wallet.

# How to Stake USDT

On the Investments > USDT Staking (opens new window) tab click Stake USDT.

Specify the amount of USDT that you want to stake. Review the amount of USDLP that you will receive in the I receive field.

Read the conditions, select I understand checkbox and click Stake USDT to continue. The transaction will take effect from the next block update.

# How to Unstake USDT

On the Investments > USDT Staking (opens new window) tab click Unstake USDT.

Specify the amount of USDLP that you want to exchange to USDT at the current updated rate. Review the amount of USDT that you will receive in return in the I receive field.

Read the conditions, select I understand checkbox and click Unstake USDT to continue.

When you click Unstake USDT your USDLP will be instantly exchanged to USDT at the current smart contract rate. However, the received USDT will be locked until the timer is up. You can monitor the status of your transactions in the USDT Staking Transactions section of the Investments > USDT Staking (opens new window) tab. When the timer is up, you will be able to get your USDT by clicking Get USDT.

# NSBT Staking

NSBT is the Neutrino governance asset that confers holders the power to influence decisions concerning the Neutrino protocol, product or feature roadmap, and changes to governance parameters. Read more about NSBT.

NSBT staking allows to invest your assets to make daily profit in USDN and WAVES. The staking is similar to conventional banking where you can deposit or withdraw assets. NSBT staking reward amount is calculated daily and directly depends on the activity of using WAVES ⇌ USDN swap service. When someone uses the swap service, a portion of the swapped amount (the Protocol Fee) is accumulated at a separate pool. Then the rewards proportional to the staked amounts are distributed among NSBT stakers.

# How to Stake NSBT

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking and select NSBT to go to the staking dashboard page.

Click Stake NSBT to open the Deposit pop-up window.

On the Deposit pop-up window you can see your available balance and the amount of fee for the deposit operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to deposit and click Stake NSBT.

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# How to Unstake NSBT

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking and select NSBT to go to the staking dashboard page.

Click Unstake NSBT to open the Withdraw pop-up window.

On the Withdraw pop-up window you can see your staked balance and the amount of fee for the withdraw operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to withdraw and click Unstake NSBT.

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# DeFo Staking

DeFo staking allows to make profit by investing your stable crypto assets. It is similar to conventional banking where you can deposit or withdraw assets. Stable assets serve as crypto equivalent to their underlying fiat analogs. For example, EURN crypto asset is pegged to EUR fiat asset and always has the same exchange rate. DeFo staking annual interest rate is dynamic and has an average value of 15%. Read more about DeFo (opens new window).

DeFo staking supports the following stable assets:

# How to Stake Stable Assets

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking to go to the staking dashboard page.

The staking dashboard page displays information, such as your total balance, current staked balance, estimated annual staking interest, payout history etc.

Note: You can get stable assets by trading on Waves.Exchange. To do so, on the Staking dashboard page select stable asset that you want to get and click Buy on Exchange to open the Trading tab with the corresponding pair selected. Or you can buy USDN with a bank card and then swap it to stable assets via smart contract.

Select stable asset that you want to deposit and click Stake X (where X is the selected asset) to open the Deposit pop-up window.

On the Deposit pop-up window you can see your available balance and the amount of fee for the deposit operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to deposit and click Stake X (where X is the selected asset).

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

# How to Unstake Stable Assets

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments tab. Then click Neutrino Staking to go to the staking dashboard page.

The staking dashboard page displays information, such as your total balance, current staked balance, estimated annual staking interest, payout history etc.

Select stable asset that you want to withdraw and click Unstake X (where X is the selected asset) to open the Withdraw pop-up window.

On the Withdraw pop-up window you can see your staked balance and the amount of fee for the withdrawal operation. Select the Transaction Fee Options checkbox to enable selection of the fee asset.

To continue, specify the amount to withdraw and click Unstake X (where X is the selected asset).

The transaction will take effect from the next block update.

You can review the status of your transactions on the Wallet > Transactions (opens new window) tab. Read more about Transactions tab.

See more articles in the Asset Management chapter.

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