# 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, Neutrino tokens, LP staking of BTC, ETH, USDT, USDC and USDN 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.

# Neutrino Staking

Neutrino tokens are the unique innovative algorithmic stable coins developed by Neutrino team (opens new window) based on smart contract technology. The prices of the coins are pegged to the prices of real fiat coins. For example, the price of USDN is pegged to USD price.

You can check current staking profitability of Neutrino tokens on the Staking Dashboard (opens new window) page.

How Neutrino staking works:

The percentage of profit is not regulated by third party.
You receive your interest payments in the staked token 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 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 get USDN and other Neutrino tokens:

In order to stake USDN and other Neutrino tokens, first of all you need to get them to your wallet.

To get USDN, open Waves.Exchange (opens new window) app, login to your account and select Investments > USDN (opens new window).

On the Staking page click Buy on Exchange to open the Trading tab with USDN/WAVES Pair selected. Read more about trading on Waves.Exchange.

Or click Buy with Card to buy Neutrino with card as described in Buy Cryptocurrency with a Bank Card article. Read about other methods of getting USDN.

You can also get other Neutrino tokens by trading on Waves.Exchange or by means of DeFo swaps.

# How to Stake Neutrino Tokens

Open Waves.Exchange (opens new window) app, login to your account and select a Neutrino token to stake. For example, Investments > USDN (opens new window).

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

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 Neutrino Tokens

Open Waves.Exchange (opens new window) app, login to your account and select a Neutrino token that you want to unstake. For example, Investments > USDN (opens new window).

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.

# 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.

# LP Staking

Waves.Exchange support LP staking (opens new window) of BTC, ETH, USDT, USDC and USDN tokens. The staked tokens are accumulated on the Waves blockchain and then proxied to DeFi products of the Ethereum ecosystem.

The staked tokens 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 a token, for example, BTC, you receive BTCLP (opens new window) token 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 LP staking open Waves.Exchange (opens new window) app, login to your account and select a token that you want to stake. For example Investments > BTC (opens new window).

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.

Read about other methods of getting BTC, ETH, USDT and USDC to your wallet.

# How to Stake BTC

On the Investments > BTC (opens new window) page 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 (opens new window) page 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 (opens new window) page. When the timer is up, you will be able to get your BTC by clicking Get BTC.

# 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.

See more articles in the Investment Tools chapter.

If you have difficulties with Waves.Exchange, please create a support (opens new window) ticket or write a question on our forum (opens new window).