# Stake Tokens

# Introduction

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

Waves.Exchange supports staking WAVES, USDN (Neutrino), BTC, ETH, USDT, USDC and DeFo tokens.

# 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 > WAVES Staking (opens new window) tab.

WAVES staking tab 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 page click Buy on Exchange to open the Trading tab.

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.

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 > Internal Transactions (opens new window) tab. Read more about transactions tabs.

# How to Cancel WAVES Staking

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments > WAVES Staking (opens new window) tab.

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 > Internal Transactions (opens new window) tab. Read more about transactions tabs.

# 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 tokens 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 > USDN Staking (opens new window) tab.

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

Note: To get USDN on the Staking 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 token.

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 > Internal Transactions (opens new window) tab. Read more about transactions tabs.

# How to Unstake USDN

Open Waves.Exchange (opens new window) app, login to your account and navigate to the Investments > USDN Staking (opens new window) tab.

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 token.

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 > Internal Transactions (opens new window) tab. Read more about transactions tabs.

# 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 Investments > USDN Staking (opens new window) 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.

# BTC Staking

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

The staked BTC 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 BTC, you receive BTCLP (opens new window) tokens in return. BTCLP is the assurance token that proves that your BTC are staked to the smart contract. The staking interest in BTC is accrued daily and added to the staking pool, this causes the price of BTCLP to increase. You can unstake BTC at any time and receive your accrued interest. When you unstake, your BTCLP is exchanged to BTC at a new, increased rate. The difference between BTCLP 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 BTCLP price never goes down. BTCLP price in BTC is calculated by the formula (opens new window).

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

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

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

Or click the card icon to proceed with buying BTC with a bank card.

# How to Stake BTC

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

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

Read the conditions, select I understand checkbox and click Stake BTC to continue.

# How to Unstake BTC

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

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

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

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

# ETH Staking

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

The staked ETH 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 ETH, you receive ETHLP (opens new window) tokens in return. ETHLP is the assurance token that proves that your ETH are staked to the smart contract. The staking interest in ETH is accrued daily and added to the staking pool, this causes the price of ETHLP to increase. You can unstake ETH at any time and receive your accrued interest. When you unstake, your ETHLP is exchanged to ETH at a new, increased rate. The difference between ETHLP 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 ETHLP price never goes down. ETHLP price in ETH is calculated by the formula (opens new window).

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

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

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

# How to Stake ETH

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

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

Read the conditions, select I understand checkbox and click Stake ETH to continue.

# How to Unstake ETH

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

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

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

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

# USDT Staking

USDT staking (opens new window) is 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 USDTLP (opens new window) tokens in return. USDTLP is the assurance token 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 USDTLP to increase. You can unstake USDT at any time and receive your accrued interest. When you unstake, your USDTLP is exchanged to USDT at a new, increased rate. The difference between USDTLP 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 USDTLP price never goes down. USDTLP 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 Investments > USDT Staking (opens new window) tab.

The tab displays various information, such as your current USDT and USDTLP 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 USDTLP 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 USDTLP 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 USDTLP 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.

# USDC Staking

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

The staked USDC 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 USDC, you receive USDCLP (opens new window) tokens in return. USDCLP is the assurance token that proves that your USDC are staked to the smart contract. The staking interest in USDC is accrued daily and added to the staking pool, this causes the price of USDCLP to increase. You can unstake USDC at any time and receive your accrued interest. When you unstake, your USDCLP is exchanged to USDC at a new, increased rate. The difference between USDCLP 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 USDCLP price never goes down. USDCLP price in USDT is calculated by the formula (opens new window).

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

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

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

# How to Stake USDC

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

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

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

# How to Unstake USDC

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

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

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

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

# NSBT Staking

NSBT (Neutrino System Base Token) is the Neutrino protocol token. NSBT stakers receive passive income and the power to influence decisions concerning the Neutrino protocol, feature roadmap and changes to governance parameters.

In 2022 NSBT staking has been moved to a new contract (a new address on the Waves network) and the feature itself is now available at Neutrino.at (opens new window) website.

The old NSBT staking contract (on Waves.Exchange website) does not support staking anymore, while unstaking will be available for an unlimited period of time (with the old unstaking fee of 0.005 WAVES). Users of the old contract no longer receive NSBT staking rewards. To continue receiving rewards the users need to migrate to the new contract.

In terms of user interaction with the UI, the migration is as follows:

a user goes to the Waves.Exchange website and unstakes NSBT from the old contract
the user goes to the new official NSBT staking (opens new window) page, logs in with email, seed phrase or Keeper Wallet and stakes NSBT to the new contract

# How to Unstake NSBT

Open Waves.Exchange (opens new window) app, login to your account and navigate to Investments > Other Assets.

Click NSBT to go to NSBT Staking (opens new window) 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.

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 > Internal Transactions (opens new window) tab. Read more about transactions tabs.

# DeFo Staking

DeFo staking allows to make profit by investing your stable crypto coins. It is similar to conventional banking where you can deposit or withdraw assets. Stable coins serve as crypto equivalent to their underlying fiat analogs. For example, EURN crypto coin 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 coins:

# How to Stake Stable Coins

Open Waves.Exchange (opens new window) app, login to your account and navigate to Investments tab. Select stable coin in the Neutrino Staking section or click Other Token to select other stable coin from the list.

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

Note: You can get stable coins by trading on Waves.Exchange. To do so, on the Staking dashboard page select stable coin 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 coins via smart contract.

Click Stake X (where X is the selected coin) 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 token.

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

The transaction will take effect from the next block update.

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

# How to Unstake Stable Coins

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

Click Unstake X (where X is the selected coin) 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 token.

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

The transaction will take effect from the next block update.

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

See more articles in the Investment Tools chapter.

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