Anyone tried staking on exchanges before..

[bounceback]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

Upcoming several days later, have two staking project launching on Binance and Bybit exchange, there are available for staking USDT in Bybit and you need to convert to be FUSDT in Binance if want staking new coins launchpool there. I don't think any difference values between USDT or FUSDT and you can stake your stable coins there with profitable earn new coins later. But have little reward allocation when staking with stable coins like Binance giving 20% reward by using FUDST for staking and will get 80% allocation if use BNB.
The same with bybit when staking using USDT you will earn small allocated coins because many participants invest or staking usdt due less risk.

[bitterguy28]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

Why not convert this into cryptocurrencies so you can stake in exchange ?

there are lot of exchange that offers staking like Binance but I happened to not tried that before but a countrimen of mine will start teaching me how to do staking as well.

[bitmover]

USDT isn't a cryptocurrency, but rather a token which exist on multiple cryptocurrency blockchain. So i expect those exchange actually lend your USDT to other people with certain rate and share the profit for you. It comes down whether you trust the exchange and the borrower, although i wouldn't take such risk.

You can lend to smartcontracts,  in defi.
Some of them are somewhat reliable  , but they won't pay much

For example, if you have usdt in ethereum blockchaun, you can lend it to uniswap. You will be a liquid provider.

https://app.uniswap.org/pool

It's valid option, although OP clearly prefer CEX and USDT is very popular token, which makes many people already set to provide USDT liquidity at very low fee rate.

Even if the interest rates are lower, it is better and safer to keep money (USDT) in DeFi.

CEX are risky. Centralized exchanges are every now and then going bankrupted or hacked.
We will soon see another great one falling, for sure.

[LogitechMouse]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

If you can exchange that USDT for another coin like Bitcoin, or even Ethereum then that would be much better instead of holding USDT.
Take note that we are near to a bull market phase therefore, we might see top coins going up in price in the next months. I don't store that many assets in CEX personally, but if you prefer storing it there, and you trust the exchange then don't stake USDT.

Convert that USDT to let's say Bitcoin or Ethereum. You will not only earn thru the APY that you will get by staking or saving those coins in CEX, but you will also learn thru capital appreciation as the price goes up. If you stake USDT, you might get higher APY (don't know if this is true), but you will miss out on more profits because USDT isn't increasing in price.

There's nothing wrong in staking or saving your assets in a CEX, but instead of using a stablecoin to do it, convert it into a more volatile, but established coin like Bitcoin, Ethereum, and other top coins out there.

[Captain Corporate]

I have done it at Binance before, and I enjoyed it. Right now I am not, but back in the day when I did, it was a good one. Staking in the sense that you are getting interest for your coins makes sense to me, after all if I like the investment then why not get more of it when you can. The only downside is that people who think "not your keys not your coins" will not like this idea and I understand that, there is really no worry to it at all, we should probably consider that a valid opinion. However, aside from that there is really no reason why not to do something like this, it should be quite valid option without a doubt.

[BitMaxz]

Even if the interest rates are lower, it is better and safer to keep money (USDT) in DeFi.

CEX are risky. Centralized exchanges are every now and then going bankrupted or hacked.
We will soon see another great one falling, for sure.

It seems interesting how does it work? I honestly don't understand how you can lend a sample USDT to Uniswap? I'm reading the "How to add liquidity to Uniswap v3" I thought that you were the one who would provide a trading pair sample DAI/LTC if someone wants to swap LTC to DAI you are the provider and you only earn depending on how much price you set? Did I miss something? So how do you lend it to Defi?

[bitmover]

Even if the interest rates are lower, it is better and safer to keep money (USDT) in DeFi.

CEX are risky. Centralized exchanges are every now and then going bankrupted or hacked.
We will soon see another great one falling, for sure.

It seems interesting how does it work? I honestly don't understand how you can lend a sample USDT to Uniswap? I'm reading the "How to add liquidity to Uniswap v3" I thought that you were the one who would provide a trading pair sample DAI/LTC if someone wants to swap LTC to DAI you are the provider and you only earn depending on how much price you set? Did I miss something? So how do you lend it to Defi?

You are correct, you need to provide a pair.

You will get rewards out of it, based on the fees of the service.

You can see the APY (Annual percentage yield) here:

https://poolfish.xyz/calculators/uniswap



I think it is way lower if you are not in a bull run...

[philipma1957]

Even if the interest rates are lower, it is better and safer to keep money (USDT) in DeFi.

CEX are risky. Centralized exchanges are every now and then going bankrupted or hacked.
We will soon see another great one falling, for sure.

It seems interesting how does it work? I honestly don't understand how you can lend a sample USDT to Uniswap? I'm reading the "How to add liquidity to Uniswap v3" I thought that you were the one who would provide a trading pair sample DAI/LTC if someone wants to swap LTC to DAI you are the provider and you only earn depending on how much price you set? Did I miss something? So how do you lend it to Defi?

I have coinbase they pay 5% on USDC I could exchange my USDT for USDC and get 5%.

I am USA based.

[BitMaxz]

You are correct, you need to provide a pair.

You will get rewards out of it, based on the fees of the service.

I have coinbase they pay 5% on USDC I could exchange my USDT for USDC and get 5%.

I am USA based.

Ok, I get it but I am still confused how about the amount you deposited to the pool once someone already swapped your position?
Will the deposit amount be exchanged into DAI?

After I watched some videos related to uniswap v3 and the pool I saw you need to deposit both tokens as sample DAI and LTC to uniswap pool and earn 0.3% on the fees.
So now what will happen if all LTC you deposited are all swapped? Do I need to deposit to the pool again?

[Crypto Library]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

Actually storing fund on centralised exchanger always risky, and even then if you  want to stake on centralised exchanger then you have to remind that they can change the rules at anytime like I had stake some usdt on binance exchanger and few times go on then reduce the apr. So after these things if you can accept those than stake on cex.

[kulkhan]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

Yes recently I am staking Ethereum on Binance. Binance is best exchanger if you want to stake your fund on exchanger you can use Binance. on the other hand you can stake your fund by using dex. But my opinion, using personal wallet is better.

So i tell you can stake your fund by using your personal wallet. Or you can stake by using Binance or others renown Exchanger. Also you can use coinbase it will be good for you i think.

[bitmover]

You are correct, you need to provide a pair.

You will get rewards out of it, based on the fees of the service.

I have coinbase they pay 5% on USDC I could exchange my USDT for USDC and get 5%.

I am USA based.

Ok, I get it but I am still confused how about the amount you deposited to the pool once someone already swapped your position?
Will the deposit amount be exchanged into DAI?

After I watched some videos related to uniswap v3 and the pool I saw you need to deposit both tokens as sample DAI and LTC to uniswap pool and earn 0.3% on the fees.
So now what will happen if all LTC you deposited are all swapped? Do I need to deposit to the pool again?

I don't know details about those smartcontracts which are complex.
But it really works, the volumee is huge because of those liquid providers.

[philipma1957]

You are correct, you need to provide a pair.

You will get rewards out of it, based on the fees of the service.

I have coinbase they pay 5% on USDC I could exchange my USDT for USDC and get 5%.

I am USA based.

Ok, I get it but I am still confused how about the amount you deposited to the pool once someone already swapped your position?
Will the deposit amount be exchanged into DAI?

After I watched some videos related to uniswap v3 and the pool I saw you need to deposit both tokens as sample DAI and LTC to uniswap pool and earn 0.3% on the fees.
So now what will happen if all LTC you deposited are all swapped? Do I need to deposit to the pool again?

coinbase gives 5% on USDC.

so you could put in cash exchange for usdc and get 5% interest.  of course it won't be insured like the cash would be.

coinbase would let you trade
usdt
doge
btc
ltc
eth
etc
solana

into usdc and get the 5% yearly as long as you let the usdc sit still

[Baofeng]

Hey folks, I need your suggestions, altcointalkers. I have some spare USDT in my wallet, and I'm looking for ways to maximize it, maybe through staking or savings. But to be safer, I want to hear all your opinions and suggestions on the best way you think it could be maximized or monetized. I don't use DEX, so CEX would be preferable. Thank you.

USDT? nah? you won't make money out of it. And I wouldn't go on staking on exchanges as well, not sure how big it is right now, but during it's early days, per annum is big. However, it dwindle as time goes by.

If there will be a suggestion to you? Then why not just BTC and wait for the bull run. It's going to be massive as speculated and you still have time to accumulate and just let it sit in your wallet. You can get more than 5% per year passive income.

[Mr. Allcrypto]

I will suggest that you change it to BTC or ETH , since it is USDT, but also remember how the price fluctuate and changes everytime, but the risk is worth it cause you're sure you won't loss the money...