Introduction
Staking PayPal USD can be a great option for those who want to hold PYUSD 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. Obtain PayPal USD (PYUSD) Tokens
To stake PayPal USD, you need to own it. To obtain PayPal USD, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a PayPal USD Wallet
Once you have PYUSD, you'll need to choose a PayPal USD wallet to store your tokens. Here are some great options.
Platform Coin Staking returns YouHodler PayPal USD (PYUSD) Up to 12% % p.a. 3. Delegate Your PYUSD
We recommend using a staking pool when staking PYUSD. It's simpler and quicker to get started. A staking pool is a group of validators who combine their PYUSD, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 PayPal USD network. You'll be rewarded with PYUSD 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.
Latest Movements
PayPal USD (PYUSD) is currently priced at USD 12 with a 24-hour trading volume of USD 18.58M. The market cap of PayPal USD stands at USD 523.59M, with 523.63M PYUSD in circulation. For those looking to buy or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- USD 523.59M
- 24-hour volume
- USD 18.58M
- Circulating supply
- 523.63M PYUSD
PYUSD
ADA
BNB
BTC
DOGE
ETH
HYPE
LINK
SOL
STETH
SUI
TRX
USDC