Feel Mining, a French platform, is launching a new solution to passively generate income with Bitcoin (BTC) and the stablecoin USDT. The offering called “Staking DeFi” allows you to accumulate funds without worrying about interacting with decentralised finance protocols. Find out how it works
“Staking DeFi”, an accessible solution offered by Feel Mining
If you are not very familiar with decentralised finance (DeFi) and you are afraid of using protocols from this ecosystem, it prevents you from taking advantage of an investment opportunity. Today, it is possible to generate passive income just by holding Bitcoin and stablecoins, especially through the lending protocols.
But for those who are already familiar with the world of decentralised finance, you know that the exorbitant fees of the Ethereum blockchain really complicate interactions with the protocols, and prevent a slew of investors from taking advantage of the high returns the sector offers.
To overcome these difficulties, the French platform Feel Mining, holder of PSAN registration number 2021-022, has just launched “Staking DeFi”, a new and particularly easy-to-use offering that allows all wallets to generate passive income with their cryptocurrencies.
With just a few clicks from Feel Mining, it is now possible to earn returns with Tether’s stablecoin USDT and Bitcoin (BTC). For the launch of this new offer, Feel Mining offers the following profitability:
- Tether (USDT): up to 12.07% ROI per year;
- Bitcoin (BTC): up to 5.17% ROI per year.
Wanting to focus on affordability, this staking solution offered by Feel Mining is available from 0.002 BTC or 100 USDT.
Feel Mining’s offering will grow over time and other stablecoins will be added alongside USDT.
Blocking bonuses
The default profitability for BTC is 4.5% per year, and 10.5% per year for USDT. In fact, it is possible to boost the rate to the above mentioned values by locking in the cryptocurrencies for a certain period of time.
Feel Mining has implemented 3 levels of blocking, with new minimum amounts to take advantage of it:
- Locking in funds for 90 days offers a bonus of 5% of the default ROI. This requires a minimum of 0.02 BTC or 1,000 USDT;
- Locking in funds for 180 days offers a bonus of 10% of default ROI. This requires a minimum of 0.1 BTC or 5,000 USDT;
- Locking funds for 365 days offers a 15% bonus to the default ROI. This requires a minimum of 0.2 BTC or 10,000 USDT.
Focus on diversification and security of funds
To minimize the risks inherent in decentralized finance, Feel Mining spreads the funds over several of the most reputable protocols in the ecosystem, such as Aave and Curve, all on several different blockchains.
In addition, the company undertakes not to place more than 10% of its clients’ funds on any one protocol.
Note that this Feel Mining offer is without commitment, except for the cryptocurrency lockup options. If you wish to terminate your contract (only if your funds are no longer locked), your Feel Mining portfolio will be replenished within 24 hours.
Afterwards, you can reinvest your funds in other products of the platform, send them back to a personal wallet or even convert them into euros and transfer them to your bank account.
Now let’s take a step-by-step look at how to access Feel Mining’s Staking DeFi
How to take advantage of this new Feel Mining offer
Allocating funds to Feel Mining’s ‘Staking DeFi’ is relatively simple. With just a few clicks, anyone can deposit their own crypto-currencies on the platform or buy them directly from it.
Before going any further, you must of course have an account on the platform. As Feel Mining is registered as a PSAN, you will need to have your identity verified to access the platform’s services. To find out more about the registration process on Feel Mining, please read this dedicated article.
Once you have created your account on the platform, click on the “Earning” button, then on “Staking DeFi “
It is on this page that you select the cryptocurrency you want, the lock-in time for your funds and the amount to allocate to your investment. For the remainder of this presentation, we will be using USDT as our base, but the process is exactly the same with BTC.
Feel Mining offers you 2 possibilities to access the “Staking DeFi”:
- or you can buy USDT directly from Feel Mining;
- or you deposit USDT from a personal portfolio or from your Feel Mining balance.
In the example below, we buy 5,500 USDT from Feel Mining and lock them in for 180 days to benefit from a 10% bonus.
Thus, the interest rate on this investment will be 11.55% per annum, over a period of 6 months. Feel Mining therefore estimates that my income will be around 550 USDT once my contract is over.
As a reminder, locking in your funds for a set period of time is a non-compulsory option to take advantage of the offer, but it does give you a significant bonus of 5-15% depending on the period selected.
Once you have made your selection, click on “Deposit” if you are bringing your own USDT or “Buy” if you wish to purchase USDT from Feel Mining.
Read and accept the terms and conditions of the offer and activate your contract. Depending on the method you select, Feel Mining will either allow you to pay for the USDT directly or will send you an address to which you should send your USDT. As always, check several times that you have entered the correct address to avoid any inconvenience.
Once the purchase or deposit of USDT is completed, your contract is directly activated. Go to your personal dashboard to follow your investment. This is also where you can interact with your contract.
Then, the rewards of your staking will be directly distributed to your BTC or USDT balance, depending on the contract selected.
Yes, it’s that simple! Feel Mining now takes care of everything and will place your funds in decentralised finance protocols so that they grow.
To go further, the “Staking DeFi” offer dedicated to Bitcoin goes particularly well with the investment packages that Feel Mining also offers. As this solution allows you to accumulate interest in Bitcoins (BTC), the earnings generated with these packs can be directly reinvested and contribute to the growth of your portfolio.
