Recent Developments
- Market capitalization
- $449.39M
- 24-hour trading volume
- $1.81M
- Circulating supply
- 419.69M USDY
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USDCImportant Notice
Staking Ondo US Dollar Yield can be an excellent choice for individuals in the UAE looking to hold USDY while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.
To stake Ondo US Dollar Yield, you first need to acquire it. To obtain Ondo US Dollar Yield, you will need to purchase it from one of the popular exchanges available in the UAE.
Once you have USDY, you'll need to select a Ondo US Dollar Yield wallet to securely store your tokens. Here are some excellent options available in the UAE market.
We recommend utilizing a staking pool when staking USDY. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their USDY, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the Ondo US Dollar Yield network. For these validations, you will be rewarded with USDY.
In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
