Introduction
Staking USDD can be a great option for those who want to hold USDD 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 USDD (USDD) tokens
In order to stake USDD, you need to have it. To obtain USDD, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a USDD wallet
Once you have USDD, you’ll need to choose a USDD wallet to store your tokens. Here are some good options.
- 3
Delegate your USDD
We recommend using a staking pool when staking USDD. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their USDD, 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 USDD network. You’ll be rewarded with USDD 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
USDD (USDD) is currently priced at $1.01, with a 24-hour trading volume of $1.72M. In the last 24 hours, USDD has seen an increase to 0.08. The market cap of USDD stands at $725.40M, with 725.33M in circulation. For those looking to buy or trade USDD, reputable platforms like BTSE offer avenues to do so securely and efficiently.
- Market cap
- $725.40M
- Volume
- $1.72M
- Circulating supply
- $725.33M
