How to do a lossless arbitrage with USDT?
Last updated
Last updated
How to obtain annualized income through USN protocol and Balance protocol when holding USDT? Market making balance can get mining rewards and 2/3 of the transaction fee.
It only takes a few steps to obtain higher profits without loss. Let's take a look!
Step 1: Deposit USDT in Lending, get BUSDT tokens, and stake to generate USN
1. Go to Lending protocol: https://defibox.io/lend/ , select the USDT, click deposit, enter the number of tokens you want to deposit, and get the corresponding BUSDT tokens.
Note: To generate USN with BUSDT, you need to turn off the "Open Collateral" function
2.Go to USN protocol: https://defibox.io/usn
Stake BUSDT tokens to generate USN, the liquidation ratio of BUSDT tokens is 120%, it is recommended to choose a higher stake ratio to avoid liquidation due to market fluctuations. Select BUSDT to stake, enter the staking amount, select the stake ratio, and click Generate USN.
Step 2: Complete USN+USDT market making in the balance protocol
Go to Balance protocol: https://eos.defibox.io/balance/liquidity
Select Liquidity and add liquidity, enter the quantity of one token, the system will automatically calculate the quantity required for the other token, and finally click OK Complete USDT+USN market making.