What is USDT staking?
The Staking Kanga Liquidity USDT mechanism allows users to deposit USDT tokens to a dedicated staking account and participate in the daily distribution of rewards.
How much is the USDT staking reward?
Rewards are paid out in USDT tokens. Reward amount varies depending on a number of factors, key among them being the sum total of all deposits and the return earned from using the deposited funds over the previous 24-hour period.
The funds are used as a liquidity pool for key Kanga Exchange services, as well as for decentralized cryptocurrency exchanges where the KNG token is or will be listed. In the case of Kanga Exchange services, the funds are used primarily to secure liquidity for high-volume over-the-counter transactions carried out in affiliate brick-and-mortar locations. In the case of decentralized cryptocurrency exchanges, Kanga supports the liquidity of key value pairs, such as KNG/USDT. Profits from both sources are shared with all Kanga Liquidity USDT Staking participants.
How long does it take to deposit and withdraw funds for USDT staking?
Tokens deposited to the staking account are frozen for 1 day (counting from the beginning of the next staking period). Tokens withdrawn from the staking account are frozen for 18 days (also counting from the beginning of the next staking period). Reward payouts are processed instantly.