It’s about stablecoin the most popular with some of the highest average daily trading volumes. This means that Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) need liquidity to keep its market operational.
This cash comes from people like you who stake their USDT holdings and earn interest. This is typically 6.49% annualized return according to Staking Rewards, although the return may vary depending on the platform you are using.
We recommend using a cryptocurrency exchange such as Binance or Coinbase, because they ensure the security of your assets. Unfortunately, you will need to verify your identity, unlike a DEX.
If you want to get higher returns, Polkadot (DOT) is among the most profitable coins to stake today. It has an average annual return of over 14% – 14.16% as a staker and 14.84% if you run a validating node. However, running a knot requires more technical knowledge and may not be ideal for beginners.
That being said, it is important to remember that returns from Polkadot may not be as stable as those from Tether. DOT is not a stable currency, which means that its value fluctuates from day to day. So you might not get 14% returns all year round. Therefore, it is more ideal for people with a higher risk appetite.
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You can also buy it on a platform like Binance which offers up to 20%.
For those who need more anonymity, CAKE is the way to go. PancakeSwap is the most popular BNB Chain platform and one of the most popular decentralized exchanges (DEXs). You can earn up to 10% return per year just by staking your CAKE tokens.
To start staking, you will need a wallet such as MetaMask or Trust Wallet, then you will trade Ethereum or another token for CAKE, which you then stake to earn rewards. DEXs don’t need your personal information like centralized exchanges (CEX) like Binance.