Can Tether be used as collateral in decentralized finance (DeFi)?
A post by William Parvez
Platform | Linked Finance World | Tether |
---|---|---|
Gate.io | 1 LFW | 0 USDT |
To buy Linked Finance World using Tether, first, find a cryptocurrency exchange that supports the LFW/USDT trading pair, such as Bybit. Create an account, verify your identity, and deposit your USDT into your exchange wallet. Locate the LFW/USDT pair on the trading platform and place an order to exchange your Tether for Linked Finance World. If the LFW/USDT pair is unavailable, you can first exchange Tether for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Linked Finance World. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Linked Finance World for Tether, first, find a cryptocurrency exchange that supports the LFW/USDT trading pair, such as Bybit. Create an account, verify your identity, and deposit your LFW into your exchange wallet. Locate the LFW/USDT pair on the trading platform and place a sell order to exchange your Linked Finance World for Tether. If the LFW/USDT pair is unavailable, you can first sell Linked Finance World for a stablecoin like USDC (USDC) or a fiat currency, then trade that for Tether. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez
A post by William Parvez