What is locked hybrid financing staking?
金色财经
Updated at: 2 years ago
The BitNasdaq exchange platform has the goal make trading and staking seamless and easy to understand, even for non-tech-savvy users. The Locked Hybrid Financing staking and financial plan is a new addition making staking simple with multiple options. There are multiple options to choose from and for the set number of days that the user chooses.
The core difference between the Locked Saving plan and Locked Hybrid Financial is the easy option that this type of staking plan gives. If the user wants to earn APY in a specific cryptocurrency but does not own it, then they can simply stake it in USDT and earn the cryptocurrency of their choice. For example, if the user does not have BTC but has USDT, they can stake in the pair of BTC/USDT and earn BTC.
The different options available in this form of staking also make this plan user-centric and seamless. The first option here is the choice between multiple cryptocurrencies including ETH, BTC, and QTC to name a few. The second option is the choice of days, and however many days the user wants to stake their assets. These options include 360 days, 180 days, 90 days, and 30 days. These multiple facilities available to the user make staking more customizable for each user.
The Staking Procedure
The staking procedure is very simple, with easy-to-understand steps and procedures.
1. All the user has to do is sign up on the BitNasdaq platform first, because without an account you cannot stake on the platform.
2. Once signed up and logged in, the user has to go into the Financial section and select the Locked Hybrid Financial section.
3. In the Locked Hybrid Financial section, the user can choose from the cryptocurrency pair or token pair that they want to stake.
4. The next thing that the user has to select the number of days that they want to stake their cryptocurrency.
5. Once these two options have been chosen, the user has to enter the amount of USDT which they want to stake.
6. Once all the necessary information has been provided and completed, the staking will begin for the set number of days chosen. Here note that once you start staking, the currency staked by the user will remain locked on the platform for the chosen time. The lock cannot be opened before the set number of days is over. The APY will be received at the end of the staking.