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What Is Stablecoin Staking

Stablecoin staking allows asset holders to earn income by lending their stablecoins. You can lend stablecoins (such as USDT, USDC, DAI, etc.) to decentralized finance (DeFi) lending platforms, providing them with liquidity and earning interest paid by borrowers.
Learn more here

 

Which Stablecoins Does CoolWallet Support for Staking

CoolWallet Pro CoolWallet S CoolWallet HOT
USDT on ETH
USDT on Ethereum O O O
USDT on BSC
USDT on BSC O
O O
USDT on Polygon
USDT on Polygon O X O
USDC on ETH
USDC on Ethereum O O O
USDC on BSC
USDC on BSC O O O
DAI on ETH
DAI on Ethereum O O O


How to stake stablecoins on CoolWallet App

Step 1. Navigate to "Earn" and click on "Stablecoin". Then Select the token you want to stake and click on "Stake".

Step 1. Navigate to "Earn" and click on "Stablecoin". Then Select the token you want to stake and click on "Stake".

 

Step 2. Enter the desired amount and complete the token authorization process.

Step 1. Navigate to "Earn" and click on "Stablecoin". Then Select the token you want to stake and click on "Stake".

 

Step 3. Review the staking information and complete the verification process.

Step 3. Review the staking information and complete the verification process.

 

Step 4. Once the transaction is finalized, monitor your staking status on the "Earn" tab on the Wallet page.

Step 4. Once the transaction is finalized, monitor your staking status on the "Earn" tab on the Wallet page.

 


How to Calculate Earnings and Retrieve Staked Assets

  • Earnings Calculation: Rewards start accumulating from the moment you stake your stablecoins. They are automatically added to your staked amount, achieving compound growth.
  • Annual Percentage Rate (APR): The APR varies based on supply and demand in the stablecoin lending market on the DeFi platform.
  • Retrieving Staked Assets: To retrieve your staked stablecoins, click on “Request to Unstake” and enter the amount you wish to withdraw. Complete the transaction process to receive your stablecoins.

Stablecoin Staking FAQs

Q1. Can I Unstake My Stablecoins Anytime on CoolWallet?

Yes, you can unstake your stablecoins anytime by initiating the unstaking process through CoolWallet's interface.

Q2. What Are the Risks of Stablecoin Staking?

The main risks include smart contract vulnerabilities and potential interruptions in DeFi platform services. CoolWallet integrates with AAVE, a DeFi platform whose smart contracts have undergone multiple audits and tests to ensure safe operation. Learn more.

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