#USDD以稳见信 USDD investment 0.3u low wear nanny-level tutorial. Binance wallet's latest airdrop event, earn 10u by lying on 1000u. The annualized interest rate for USDD deposits in Binance wallet is about 14%, far exceeding Yu'e Bao. There are still 25 days until the event ends, so hurry up if you have idle funds; you can enjoy five more meals of pig's feet in a month. It is recommended to deposit more than 200u at once, otherwise, it won't be enough for gas fees!
Streamlined tutorial:
1. Find investment in the Binance wallet
2. After entering, swipe to the second banner
3. Select the second step USDD to sUSDD (do not choose the first one using USDT for staking, as one gas fee exchange costs 1u, which is very uneconomical)
4. On the staking page, click the + sign to exchange
5. On the exchange page, open the top right corner to use exchange balance, enter the exchange amount to directly exchange for USDD (I personally tested this method and the gas fee only requires 0.3u, saving more than half of the cost 😋)
6. After the exchange is complete, return to the staking page and select max to deposit all
7. Jump to the authorization page, modify the authorized token amount (if not modified, staking won't be possible)
8. Click all on the edit page and save
9. It's best to complete two authorization confirmations to successfully deposit
The staking process is shown in the first picture
@USDD - Decentralized USD Is it safe?
USDD is backed by collateral exceeding the circulating supply, including highly liquid crypto assets such as TRX and USDT. This ensures its stable peg to the US dollar.
Collateral management: Users deposit collateral into vaults to mint USDD. These vaults dynamically manage the collateral ratio, maintaining it above safe levels and adjusting based on market conditions. Real-time monitoring alerts users to potential risks, allowing them to take proactive measures to prevent liquidation.
Liquidation process: If collateral falls below the minimum range, the system will trigger liquidation, repaying debts by auctioning off collateral. Auction participants can obtain assets below market price, thereby promoting overall system stability.
If my article is helpful to you, please give a follow 😘
Everyone remember to buy some $ETH as gas fees on the exchange (buying 0.002 ETH is sufficient), transfer to the wallet and cross-chain exchange for ETH on the Ethereum chain (as shown in the second picture)
Streamlined tutorial:
1. Find investment in the Binance wallet
2. After entering, swipe to the second banner
3. Select the second step USDD to sUSDD (do not choose the first one using USDT for staking, as one gas fee exchange costs 1u, which is very uneconomical)
4. On the staking page, click the + sign to exchange
5. On the exchange page, open the top right corner to use exchange balance, enter the exchange amount to directly exchange for USDD (I personally tested this method and the gas fee only requires 0.3u, saving more than half of the cost 😋)
6. After the exchange is complete, return to the staking page and select max to deposit all
7. Jump to the authorization page, modify the authorized token amount (if not modified, staking won't be possible)
8. Click all on the edit page and save
9. It's best to complete two authorization confirmations to successfully deposit
The staking process is shown in the first picture
@USDD - Decentralized USD Is it safe?
USDD is backed by collateral exceeding the circulating supply, including highly liquid crypto assets such as TRX and USDT. This ensures its stable peg to the US dollar.
Collateral management: Users deposit collateral into vaults to mint USDD. These vaults dynamically manage the collateral ratio, maintaining it above safe levels and adjusting based on market conditions. Real-time monitoring alerts users to potential risks, allowing them to take proactive measures to prevent liquidation.
Liquidation process: If collateral falls below the minimum range, the system will trigger liquidation, repaying debts by auctioning off collateral. Auction participants can obtain assets below market price, thereby promoting overall system stability.
If my article is helpful to you, please give a follow 😘
Everyone remember to buy some $ETH as gas fees on the exchange (buying 0.002 ETH is sufficient), transfer to the wallet and cross-chain exchange for ETH on the Ethereum chain (as shown in the second picture)