How to Stake Origin Dollar (OUSD) for optimal returns

Introduction

Staking Origin Dollar can be an excellent choice for those looking to hold OUSD while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Origin Dollar (OUSD) Tokens

   To stake Origin Dollar, you first need to acquire it. To obtain Origin Dollar, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Gate.io	Origin Dollar (OUSD)	1 APY
   Kucoin	Origin Dollar (OUSD)	1 APY

   Check out all 4 prices

2. 2. Select a Origin Dollar Wallet

   Once you have OUSD, you'll need to select a Origin Dollar wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Kucoin	Origin Dollar (OUSD)	Up to 3.87% APY
   MyCointainer	Origin Dollar (OUSD)	Up to 5.34% APY

3. 3. Delegate Your OUSD in South Korea

   We recommend using a staking pool when staking OUSD. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their OUSD, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Origin Dollar network. For these validations, you will be rewarded with OUSD.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.