Staking USDT, USDC and ETH from ledger, how?

[clemens]

I have a hundred thoiousands on my ledger nano in USDC and USDT as ETH.

I was wondering how I could stake them ince they have been sitting there for a few years without doing any good. But I don't want to run a huge risk!!!

Any suggestion?

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[JohnnyDoe]

You can't stake stablecoins. You are not supposed to hodl stablecoins, doing so results in depreciation due to inflation.

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[latindev]

The word "stake" is used differently by⁤ many people because the act of staking is just basically "putting something somewhere". Most people⁣ in crypto when they say "stake" they are talking about native assets staking which in⁢ this case stablecoins aren't part of.... Basically when people stake native assets like ETH, they︀ earn the freshly printed tokens (inflation of the protocol)

Now if you want to pool/stake/lend︁ your stablecoins with the lowest risk on the network you can:
- Use the compound︂ protocol and get a combined yield between 3% and 7% of your USDC (lending)
- Use the AAVE protocol and get between 2% and 4% (Lending)
- Use the uniswap︃ protocol and earn between 3% and 6% (Pooling 50% USDC and 50% USDT)
- Use︄ the curve protocol and get between 3% and 4% of combined yield when using the︅ low risk pools (pooling multiple stablecoins)

Those protocols are the most reliable protocols and the︆ ones that have been battle-tested the most... if you want bigger yields then you will︇ need to either use riskier protocols or using compounding strategies but alway remember that there︈ is no 0 risk protocol, smart contract bug risk is always a thing

 

[Marshal]

Crypto and no risk? Does it exist? To lessen the risk do everything yourself. You‌ can do staking with supported cryptocurrencies while keeping control of your coins. A good example‍ is Polkadot. You can buy it for less than $5 a coin right now and⁠ stake it yourself with an average return of 15% per annum. There's also Tron, Solana,⁤ Cardano and Cosmos if you want to diversify, but the reward is lower.

 

[jafo]

I loved this explanation! Concise,︇ clear, and to the point! Thank you for sharing! thu&¤#

 

[cryptofriendly]

You could use Nexo for higher percentages⁤ like 10-12% on USDT,
but there is the counterparty risk, not your keys, not your⁣ crypto.