U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking.
According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ecosystem to include seven different Neutrino stablecoins — synthetic versions of national currencies — through a decentralized foreign exchange market, or 'DeFo'.
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![‘DeFo’ staking enabled for Waves' Neutrino stablecoins](https://d1-invdn-com.akamaized.net/content/pic091e7a21d5142586aad5863506c66944.jpeg)