Introduction
Staking TerraClassicUSD can be a great option for those who want to hold USTC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain TerraClassicUSD (USTC) tokens
In order to stake TerraClassicUSD, you need to have it. To obtain TerraClassicUSD, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a TerraClassicUSD wallet
Once you have USTC, you’ll need to choose a TerraClassicUSD wallet to store your tokens. Here are some good options.
- 3
Delegate your USTC
We recommend using a staking pool when staking USTC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their USTC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the TerraClassicUSD network. You’ll be rewarded with USTC for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
TerraClassicUSD (USTC) is currently priced at $0.021, with a 24-hour trading volume of $21.45M. In the last 24 hours, TerraClassicUSD has experienced a decrease to -9.19. The market cap of TerraClassicUSD stands at $159.37M, with 6.82B in circulation. For those looking to buy or trade TerraClassicUSD, reputable platforms like OKX and Binance offer avenues to do so securely and efficiently.
- Market cap
- $159.37M
- Volume
- $21.45M
- Circulating supply
- $6.82B
