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Staking stablecoins on LocalTrade CEX

To stake funds you need to follow those simple steps:

  1. 1.
    Top-up your Main balance with USDT or BUSD. You can do it using crypto, card, or via transfer from Trading balance.
  2. 2.
    Go to the Staking page on LocalTrade exchange. On this page, choose a preferred staking pool. You’ll be able to see all the details about the pool: supported token, APR, min and max stake, lock period.
Input the amount of funds you want to stake and click on the Add USDT or Add BUSD button.
Note: You can only stake funds from your Main balance. If you happen to have all funds on Trading balance — you can transfer them on the same page.
A confirmation message with your staking details will appear. Click on the Confirm & Stake button to finish staking.
Nicely done! You’ll be able to see the rewards pouring in almost instantly.
All staking rewards are paid out in LTT on your Main Balance.

Collecting Rewards

  1. 1.
    In order to collect your rewards, press the Claim USDT button.
  2. 2.
    After collecting your rewards, go to Wallets page and transfer your LTT to the Trade balance.
  3. 3.
    Final step — go to Spot Trading in order to sell LTT tokens for USDT with a current price.
Earning without risks was never so easy!

Frequently Asked Questions

What is LocalTrade stablecoins staking?
Staking is a way of earning rewards for keeping digital assets at the cryptocurrency exchange to provide additional operational capacity and increased liquidity. On LocalTrade you can stake USDT or BUSD and receive 36% APR in LTT
What are the stablecoins staking conditions?
You can stake only USDT or BUSD tokens. They will become locked for 93 days while generating income for you (adding tokens to the pool after the first time will reset the lock period). In return, you will receive 36% APR in LTT — native tokens of LocalTrade ecosystem.
When can I redeem my stablecoins?
Once you send your stablecoins to staking they become locked for 93 days. This means you will be able to withdraw the stablecoins invested right after the lock period ends.
*If any funds are added to staking after the first deposit — the lock period will be reset
When can I redeem the rewards?
The rewards from staking can be redeemed daily. Early-bird rewards will be able to be claimed after 93 days from the first staking action.
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Last modified 5mo ago