Looking to generate passive income from your crypto holdings without the volatility? TsUSDe (staked USDe) on The Open Network (TON) offers a solution. This dollar-pegged stablecoin is designed to earn yield by design, with opportunities to boost earnings through platforms like STON.fi and DeDust.
This guide provides a detailed walkthrough of how tsUSDe works and how to get started.
Understanding tsUSDe and Its Benefits
tsUSDe is a US dollar-backed stablecoin operating on the TON blockchain. It’s structured to provide a base yield, typically around 10% APY, paid in Toncoin (TON). This means simply holding tsUSDe in your wallet generates rewards without any additional steps.
For those seeking higher returns, tsUSDe can be utilized in liquidity pools or farms on TON-based platforms, unlocking even greater yields. It’s an effective way to put your dollars to work while maintaining stability.
Where to Earn with tsUSDe: Top TON Platforms
Currently, the two leading platforms for tsUSDe yield farming on TON are:
- STON.fi: Renowned for its user-friendly interface and substantial liquidity.
- DeDust: Known for its speed, efficiency, and growing popularity.
Both platforms allow users to pair tsUSDe with TON and stake their positions, earning trading fees and additional farming rewards.
Tip: STON.fi offers an impermanent loss calculator to help assess risk, while DeDust provides a comprehensive portfolio dashboard to track tokens, LPs, and rewards.
Step-by-Step Guide: Earning Yield with tsUSDe
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Connect Your Wallet:
Visit STON.fi or DeDust.io and connect your TON wallet. Ensure you have sufficient TON to cover transaction fees.
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Select a tsUSDe Liquidity Pool:
Navigate to the “Pools” or “Farms” section and find a tsUSDe/TON pool. APY numbers will vary based on trading volume and incentives. Pools on STON.fi can sometimes reach 30%+ APY.
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Add Liquidity:
Click “Add Liquidity” and enter the amount of tsUSDe you wish to supply. You will also need to supply an equivalent dollar value in TON. Upon confirmation, you will receive LP (liquidity provider) tokens representing your share of the pool.
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Stake to Boost Rewards:
Stake your LP tokens to earn additional farming rewards. On STON.fi, use the “Farm” button. On DeDust, use the “Boost” feature. Staking will increase your TON earnings on top of trading fees.
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Monitor and Claim Rewards:
Track your rewards and claim them as desired. You retain full control and can unstake or remove your liquidity at any time.
Key Benefits of Passive Income with tsUSDe
Using tsUSDe for passive income offers several unique advantages:
- Dollar Stability: tsUSDe aims to maintain a $1 peg, providing stability to your base savings.
- Built-In APY: Earn approximately 10% APY simply by holding tsUSDe in your wallet.
- Extra Rewards: Farming allows you to boost returns through TON incentives.
- Non-Custodial: You maintain complete control over your assets.
Understanding the Risks
While tsUSDe offers significant benefits, it’s important to be aware of the risks involved:
- Impermanent Loss: Fluctuations in TON’s price can alter your pool share, potentially reducing value upon withdrawal.
- Smart Contract Risk: Like all DeFi platforms, there is a risk of bugs or exploits in smart contracts.
- Stablecoin Peg Risk: Although designed to remain at $1, extreme conditions could cause a temporary depeg of tsUSDe.
To mitigate these risks, stick to reputable platforms and invest only what you are comfortable losing.
Interesting Fact: TON supports TON Proxy, a decentralized anonymity protocol similar to Tor and I2P, enhancing user privacy and traffic obfuscation.
Conclusion: Maximizing Your tsUSDe Potential
If you’re already holding tsUSDe, utilizing it on TON is a straightforward way to earn a solid base yield and potentially increase your returns through farming. The process is quick, whether you choose STON.fi or DeDust, and the rewards can accumulate rapidly.
Start with a small investment, understand the risks, monitor your rewards, and make your stablecoins work for you.
This article is for informational purposes only and does not constitute investment advice. Investing in crypto involves risk, and readers should perform thorough research before making any decisions.
