Staked USDT

Stables

Copy link
Share on X

Claim company
Report company

Description

Staked USDT (stUSDT) allows users to earn staking rewards on their USDT holdings automatically. The protocol offers wrapped stUSDT (wstUSDT), a non-rebasing variant that maintains a constant balance while reflecting earned rewards through an adjusting exchange rate. This feature ensures seamless integration of staking rewards without the need to manage fluctuating balances, making it user-friendly and efficient for enhancing USDT's yield potential through web3 functionalities.

Socials

Similar companies

Tether

USDT is a stablecoin tethered to fiat like USD, EUR, aiming for stable value. Operates on multiple blockchains, facilitating widespread use for exchange and value storage without volatility.

Staked TRX

Staked TRX on JustLend allows users to lend and borrow TRX, earning interest and providing stable returns through staking on the TRON blockchain. The decentralized protocol automates the staking process via smart contracts, ensuring security and trans...

Stake DAO

Stake DAO is a DeFi platform that automates yield earning across protocols with its native SDT token for governance and rewards, simplifying DeFi investment.

StakeLayer

StakeLayer is a yield aggregator focused on BTC, ETH, and stablecoins, featuring vaults for staking and a strategy manager for optimizing returns.

stake.link

Stake.link is a user-friendly staking platform supporting various blockchains, offering analytics, a rewards calculator, and tools for all user levels to earn through staking.

SafeStake

SafeStake offers a secure, non-custodial staking protocol with advanced cryptographic techniques and multi-signature wallets, supporting various blockchain networks and providing real-time data analytics to track performance and rewards.

Steaking

Steaking offers a user-friendly platform for secure crypto staking across multiple networks, simplifying passive income generation and asset management for both individual and institutional users.

StakeHound

StakeHound bridges staking and DeFi, allowing users to earn rewards and maintain liquidity by exchanging cryptocurrencies for stakedTokens usable in DeFi activities.

StakeWith.Us

StakeWith.Us provides secure, non-custodial staking for institutional and retail investors, supporting various PoS networks to earn rewards safely.

HUSD

HUSD is a stablecoin pegged 1:1 to USD, designed for stability and security on Ethereum's blockchain, aimed at both individual and institutional use in trading, payments, and hedging, ensuring transparency through regular audits.

bStable

bStable, a DeFi protocol on Polygon, offers low-slippage stablecoin swaps, liquidity farming, and BST token staking, enhancing stablecoin market liquidity.

Staken

Staken.io is a DeFi platform offering staking, yield farming, and liquidity provision on multiple blockchains. It emphasizes security, user-friendly analytics, and reporting for optimized investment strategies.

FAQ

What is Staked USDT (stUSDT) and how does it work?

Staked USDT (stUSDT) is a staking protocol that enhances the utility of USDT on the blockchain by enabling users to earn rewards without actively managing their assets. Users can stake their USDT to receive staking rewards, which accumulate without the need for constant oversight. The protocol simplifies earning yield on USDT by automating the reward distribution process, making it an integral part of the web3 ecosystem.

What are the benefits of using wstUSDT over stUSDT?

Wrapped stUSDT (wstUSDT) offers a non-rebasing option where the balance remains constant. While the stUSDT balance increases with received staking rewards, wstUSDT keeps the balance steady, with the exchange rate reflecting rewards. This simplifies accounting and integration processes for DeFi users, allowing them to enjoy staking benefits without managing fluctuating balances, thus enhancing USDT's yield potential on the blockchain.

How does wstUSDT maintain a constant balance?

wstUSDT maintains a constant balance by being a non-rebasing version of stUSDT. Instead of changing the number of tokens as rewards are earned, wstUSDT adjusts the exchange rate between itself and stUSDT. This design allows holders to benefit from staking without experiencing changes in the token count, providing an efficient mechanism for yield generation in decentralized finance applications.

How does Staked USDT fit into the broader crypto ecosystem?

Staked USDT plays a significant role in the crypto ecosystem, particularly within stablecoins, crypto-backed tokens, and liquid staking tokens categories. By enabling USDT holders to participate in staking and earn rewards, it strengthens the utility of USDT across Ethereum and Tron ecosystems. This contribution to real-world assets (RWAs) and increased liquidity provision underscores its relevance in the evolving blockchain landscape.

What makes stUSDT different from other stablecoin staking protocols?

stUSDT distinguishes itself from other stablecoin staking protocols through its integration of a non-rebasing token, wstUSDT, offering a simplified approach to earning staking rewards. This mechanism removes the complexities associated with fluctuating balances, allowing users to seamlessly participate in staking with a consistent token count. This differentiates stUSDT by making yield generation more accessible and user-friendly within the decentralized finance sector.

How can I troubleshoot issues with my stUSDT or wstUSDT balance?

If you encounter issues with your stUSDT or wstUSDT balance, the first step is to verify the exchange rate between wstUSDT and stUSDT as this can affect the perceived balance. Ensure your wallet supports stUSDT and wstUSDT tokens and check any associated smart contracts for updates or discrepancies. Additionally, reaching out to the protocol's support team or community forums can provide targeted assistance and further clarification on technical issues.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags