How to Stake Origin Dollar (OUSD) in Australia

Introduction

Staking Origin Dollar can be a great option for those who want to hold OUSD while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Origin Dollar (OUSD) Tokens

   To stake Origin Dollar, you need to own it. To obtain Origin Dollar, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Gate.io	Origin Dollar (OUSD)	1
   Kucoin	Origin Dollar (OUSD)	1

   See all 4 prices

2. 2. Choose a Origin Dollar Wallet

   Once you have OUSD, you'll need to choose a Origin Dollar wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Kucoin	Origin Dollar (OUSD)	Up to 3.87% % p.a.
   MyCointainer	Origin Dollar (OUSD)	Up to 5.34% % p.a.

3. 3. Delegate Your OUSD

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

4. 4. Begin Validation

   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 Origin Dollar network. You'll be rewarded with OUSD for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.