LYOTRADE is a centralized digital currency exchange that provides the necessary market infrastructure for users willing to trade digital assets for only crypto-to-crypto and not fiat currencies.
One of the biggest advantages that LYOTRADE provides users is an easy-to-use, secure and advanced digital asset exchange platform with several types of trading offers and staking service.
- LYOTRADE is a centralized cryptocurrency exchange that provides users with an easy-to-use, secure and advanced digital asset exchange platform with several types of trading offers.
- Staking can be a great way to earn passive income, especially when some cryptocurrencies offer high interest rates for staking.
- LYO Earn contains the classic features of LYOTRADE Staking which includes different lock periods, USDT and LYO staking, along with a whopping 36% to 50% annual returns.
- When you stake LYO Credit on LYOTRADE, you can get an annual interest rate that starts from 1.5% to 36%.
- Register and start staking now on lyotrade.com
The Basics of Staking
Staking refers to the process of locking your crypto assets for a set period of time in order to support the mechanism of blockchain. This, in turn, helps you obtain rewards or earn interest.
If a cryptocurrency that you own allows staking, you can “stake” some of your holdings that will help you earn a certain percentage-rate reward over time.
Staking can be a great way to earn passive income, especially when some cryptocurrencies offer high interest rates for staking. The reason why your crypto earns rewards while it is being used in the staking process, is because the blockchain puts it to work.
Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which ensures that all transactions are verified and secured on an underlying blockchain.
Staking at LYOTRADE: USDT and LYO
The staking service offered by LYOTRADE is now known as LYO Earn.
LYO Earn contains the classic features of LYOTRADE Staking which includes different lock periods, USDT and LYO staking, along with a whopping 36% to 50% annual returns.
This means that you can now generate tokens by locking up LYO and USDT for transaction verification. For this, all you need to do is select a Pool: each has a lock period and a reward amount. LYO Credit (LYO) staking up to 50% yearly, and Tether (USDT) up to 24% yearly.
Staking tokens on LYO Earn means they will be locked up for one year or two, as per your preference. Then, the protocol will randomly select a validator who will add a new block of transactions in the blockchain. In return, the chosen validator will receive rewards.
Users also get to choose between four different lock-up periods if they want to stake LYO Credit tokens and USDT. Each lock-up period has its corresponding interest rate, wherein the longer the lock-up period, the higher the return.
Additionally, staking helps in validating the transactions that take place and helps boost the network’s security and efficiency.
In a way, you could think of holding your coins on LYOTRADE as adding them to a staking pool. However, there are no fees, and you can also enjoy all the other benefits that holding your coins on LYOTRADE brings.
Why Stake LYO?
LYO Credit (LYO) is the utility token of the LYOPAY Ecosystem.
LYO’s smart contract security qualifications got a 98% rating from Zokyo, and is now listed in the BitMart Exchange, implying a new achievement for token growth.
When you stake LYO Credit on LYOTRADE, you can get an annual interest rate that starts from 1.5% to 36%, making it one of the best choices of tokens to select from for your skating experience.
How to Get Started
Staking may sound a bit complicated to all the newbies in the world of crypto, but it has never been easier with LYO Earn.
Just select the staking pool of your preference and lock in at least the minimum number of tokens. Always remember, the more tokens staked and the longer lock-up period, means higher the returns.
Start staking LYO and USDT on LYO Earn now! Register and start staking now on lyotrade.com
For more information and step-by-step guidance on how to stake, visit https://docs.lyotrade.com/product/staking/how-to-stake