Nichome has announced support for bridging and staking USDT. Users can now move USDT to Neo X from various EVM networks and stake it with Nichome to earn X Credits.
Nichome is an activity incentivization platform for Neo X, designed to reward users for interacting with Neo X projects. The platform centers around Nichome’s Treasure Chest mechanism, which allows users to stake GAS to receive chests containing potential rewards. To unlock a chest, users need to collect X Credits to obtain a KEY. X Credits can be earned by performing daily tasks, interacting with ecosystem projects, and bridging and staking assets such as GAS and now USDT.
USDT can be bridged to Neo X from Ethereum, Binance Smart Chain, Arbitrum, Optimism, or Mantle, however the reverse operation is not currently possible. The bridge is maintained by Meson Finance.
When staked on Nichome, USDT is converted into nUSDT, Nichome’s wrapped variant. The team hinted that new ways to utilize nUSDT on Neo X would be made available over the coming weeks, though specifics were not provided.
The original announcement can be found at the link below:
https://x.com/nichome_io/status/1878838515150246156?t=rxdOjcsFa-8fOlkDyUHVKw&s=19
Read the full article here
