USDD staking is live as of May 12, 2022!
How to earn rewards:
- Deposit USDD into your Poloniex account (no maximum limit);
- Hold at least 10 USDD to be eligible for the rewards;
- We will take four snapshots of your USDD balance at 00:00, 06:00, 12:00, and 18:00 UTC every day;
- USDD in pending orders, pending deposits, and pending withdrawals will not count towards your balance;
- Rewards will be distributed to your Poloniex account every other week.
Reward calculation: USDD reward for a user = Total USDD the user holds *30%* Number of snapshots showing that the user holds USDD/365 days/4 (number of snapshots taken each day).
To receive rewards, your Poloniex account must meet the following criteria at the time of the distribution:
- Your account must be in good standing (not closed or frozen)
- Your account is not located in the prohibited countries or jurisdictions specified in the Poloniex User Agreement
[Join USDD staking to enjoy a 30% APY!] The first round of reward calculation will take place between 12:00 on May 12, 2022 and 11:59 on May 27, 2022 (UTC). Reward distribution: All staking rewards will be distributed in ten working days after the campaign ends.
- For example: User A has a balance of 20,000 USDD after depositing/trading on May 20 at 14:00 (UTC) and holds the same amount until May 27 at 11:59 (UTC). Therefore, User A has 7 days of snapshots (7*4=28 snapshots in total), which translates into a prize of 20,000 USDD*30%*28/365/4 = 115 USDD.
May 12, 2022