How to Stake Wrapped USD (WUSD)

Introduction

Staking Wrapped USD can be an excellent choice for those looking to hold WUSD while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Wrapped USD (WUSD) Tokens

   To stake Wrapped USD, you first need to acquire it. To obtain Wrapped USD, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Azbit	Wrapped USD (WUSD)	1 APY
   BingX	Wrapped USD (WUSD)	1 APY
   Bitget	Wrapped USD (WUSD)	1 APY
   Bitmart	Wrapped USD (WUSD)	1 APY
   Gate.io	Wrapped USD (WUSD)	1 APY
   Hotcoin	Wrapped USD (WUSD)	1 APY

   View all 13 prices

2. 2. Select a Wrapped USD Wallet

   Once you have WUSD, you'll need to select a Wrapped USD wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Bitmart	Wrapped USD (WUSD)	Up to 5 % APY

3. 3. Delegate Your WUSD

   We recommend using a staking pool when staking WUSD. It's simpler and faster to get started. A staking pool is a collective of validators who pool their WUSD, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Wrapped USD network. For these validations, you will be rewarded with WUSD.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.