🔴Staking
Passive income
Last updated
Passive income
Last updated
Staking in CDEF is becoming a liquidity provider. Liquidity provider is a user who funds a liquidity pool with crypto assets who owns to facilitate trading on the platform and earn passive income.
Liquidity pools are leveraged by the decentralized exchanges that use automated market maker-based systems to allow trading of illiquid trading pairs with limited slippage.
Low Risk : Stable coin (example: USDT, BUSD)
Medium Risk : BTC and Altcoins ( example: BNB, ETH, XRP...)
High Risk : Cake, MDX, XVS, BSW...
Before staking, you need to have sufficient balance in wallet, here is the guide for deposit to wallet.
Your coins are still in your possession when you stake them. You are essentially putting them to work, and free to unstake anytime.
**Staking profit distributed base on every Monday, any unstake action before the maturity date, your staking profit will be cancel.