USN Profit Tutorial

How does holding BOX achieve an annualized 5%+ reward through the USN protocol and the lending protocol? Before we start, assume that we hold 200 BOX (take the market condition on June 22, 2022 as an example):

*If you deposit, you will get 200 BOX* APY 1.56%;

*If you go those steps, at most (different staking ratios will generate different amount of USN, it is recommended to choose the staking ratio according to the actual situation), you can get USDT loan and deposit 165USDT* APY 1.62%, and additionally get loan and deposit 115USN* APY 5.31% reward.

You only need a few simple steps to get higher income, let's take a look!

Step 1: Stake BOX to generate USN

Go to USN protocol: https://defibox.io/usn

Stake BOX tokens to generate USN, and the liquidation ratio of BOX tokens is 145%. It is recommended to choose a higher staking ratio to avoid liquidation due to market fluctuations. Select “stake BOX”, enter the amount, select the staking ratio, and click “Generate USN”.

Step 2: Convert USN to USDT on Balance, and deposit in the lending to get BUSDT

1. Go to Balance: https://eos.defibox.io/balance/swap, select USN as the payment token, enter the exchange amount, and get USDT.

2.Go to Lending protocol: https://defibox.io/lend/ , select USDT, click deposit, deposit >100USDT amount, and get the corresponding BUSDT token.

Note: To generate USN with BUSDT, you need to turn off the "Open Collateral" function

Step 3: Stake BUSDT to generate USN and deposit USN in lending

1. Go to USN protocol: https://defibox.io/usn

Stake BUSDT to generate USN. The liquidation ratio of BUSDT is 120%. It is recommended to choose a higher staking ratio to avoid liquidation due to market fluctuations. Select “BUSDT”, enter the staking amount, select the staking ratio, and click “Generate USN”.

2.Go to Lending protocol: https://defibox.io/lend/ , select “USN”, click deposit, and deposit >50 USN amount.

Note: The deposited USN can also be used as collateral to borrow other assets