Introduction

Staking Ondo US Dollar Yield can be a great option for those who want to hold USDY 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 Ondo US Dollar Yield (USDY) Tokens

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

2. 2. Choose a Ondo US Dollar Yield Wallet

   Once you have USDY, you'll need to choose a Ondo US Dollar Yield wallet to store your tokens. Here are some great options.

3. 3. Delegate Your USDY

   We recommend using a staking pool when staking USDY. It's simpler and quicker to get started. A staking pool is a group of validators who combine their USDY, 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 Ondo US Dollar Yield network. You'll be rewarded with USDY 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.