Introduction
Staking TerraClassicUSD can be a great option for those who want to hold USTC 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 TerraClassicUSD (USTC) Tokens
To stake TerraClassicUSD, you need to own it. To obtain TerraClassicUSD, you'll need to buy 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 great options.
3. Delegate Your USTC
We recommend using a staking pool when staking USTC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their USTC, 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 TerraClassicUSD network. You'll be rewarded with USTC 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
- Market capitalisation
- USDĀ 103.32M
- 24-hour volume
- USDĀ 7.65M
- Circulating supply
- 5.56B USTC
