The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As we all know, stablecoins have emerged as early as 2019, and this momentum is still continuing. As the imaginary boundaries of the combination of blockchain technology and finance continue to expand, DeFi is more open and inclusive than traditional finance. . Stablecoin mining has also developed accordingly. Stablecoin mining is actually similar to the operation method of AMM-type centralized exchange DEX. It creates two TOKEN exchange pools and adjusts the number of TOKEN in the two pools according to price fluctuations. As In return, DEX will also distribute handling fees to users who provide liquidity. So how to mine stablecoins? Let the editor of the currency circle introduce you to the stablecoin mining tutorial.

 How to mine stablecoins?

The editor of the currency circle below will take BASIS GOLD as an example to introduce how to mine stablecoins.

1. Log in to the official website

First, we need to log in to the official website of basisgold, or in the TP wallet, click [Discover] to find BASIS GOLD

2. Enter Bank and select the pool bank. The three blue pools above, HT, HUSD, and HBTC, can be used for lossless mining of single coins. The red pool below is a high-risk mining pool.

3. For the lossless mining part, take the HUSD pool as an example, click select

Click approve

After the blockchain is confirmed, click stake, enter the amount you want to stake, and click submit.

Then, you complete the single-currency stake. After waiting for a period of time, you can mine a certain amount of Basis
Gold (BAG), you can click settle to take out BAG, click to confirm the wallet signature

Complete the withdrawal of liquidity. When you no longer want to provide liquidity and want to withdraw all mined BAG, select settle&withdrawal below to withdraw the assets.

4. Sell the Basis Gold assets you mined. When you mine BAG and don’t want to hold it, you can sell it and make a profit.

1. Click the link to come to MDEX, or enter the URL in the wallet

2. Click on the upper right corner to connect to the wallet

3. Click on the list below to find the asset you wish to sell, such as selling BAG to HUSD

You can choose BAG directly

4. After confirming the sales quantity, click SWAP to redeem.

5. High-risk mining part

The high-risk mining here refers to the funds provided to BAGS-HUSD LP, BAGS-HBTC LP, BAG-HUSD LP and BAG-HBTC
LP liquidity. According to the rules of similar projects, the returns obtained by these pools will be much higher than those of single-currency pools. Of course, similarly, the risks you need to bear will also be much higher than the risks of single currencies.

 Stablecoin mining risks

Stablecoin mining has impermanent losses, but its losses are relatively small, so the term lossless is used when promoting it. DEX is the most important infrastructure of Defi. Among them, Curve has always been known as the "Uniswap of stable coins" and has become the preferred platform for trading stable coins with its low slippage characteristics, attracting a large number of liquidity providers for staking mining. mine, but liquidity providers often find that returns are less than expected.

Based on this, you can take a look at the core mechanism of Curve operation - the StableSwap model, which integrates the constant summation formula and the constant product formula to form a curve between the constant summation and the constant product, allowing users to The price is relatively stable when trading in a certain area, avoiding slippage problems and greatly reducing the risk of impermanent losses of liquidity providers (LP), thus leaving an impression of "low wear and tear" to users.

I hope that through the detailed explanation of the stablecoin mining tutorial above, everyone can learn how to mine stablecoins. Stablecoins have gained a lot of traction primarily because their price stability is tied to collateral reserves. Stablecoins are used as the base currency for transactions, often used by DeFi platforms that earn high interest on stablecoins lent/borrowed in the market. Defi platforms typically run on distributed ledger technology (DLT), such as blockchain, with no intermediaries between transacting parties. They decentralize the regulation of currencies for all stakeholders. The global financial economy needs a payment system where everyone can make payments without any delays, cost-effectively and without intermediaries.