How to Stake Wrapped USD (WUSD) in Australia

Introduction

Staking Wrapped USD can be a great option for those who want to hold WUSD 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 Wrapped USD (WUSD) Tokens

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

   Platform	Coin	Cost
   Azbit	Wrapped USD (WUSD)	1
   BingX	Wrapped USD (WUSD)	1
   Bitget	Wrapped USD (WUSD)	1
   Bitmart	Wrapped USD (WUSD)	1
   Gate.io	Wrapped USD (WUSD)	1
   Hotcoin	Wrapped USD (WUSD)	1

   See all 13 prices

2. 2. Choose a Wrapped USD Wallet

   Once you have WUSD, you'll need to choose a Wrapped USD wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Bitmart	Wrapped USD (WUSD)	Up to 5% % p.a.

3. 3. Delegate Your WUSD

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