Introduction
Staking PayPal USD can be an excellent option for those who wish to hold PYUSD while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain PayPal USD (PYUSD) Tokens
To stake PayPal USD, you need to possess it. To obtain PayPal USD, you'll need to purchase 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 suitable options.
Platform Coin Staking rewards YouHodler PayPal USD (PYUSD) Up to 12% AER 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, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the PayPal USD network. You will be rewarded with PYUSD for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements in the UK
PayPal USD (PYUSD) is currently priced at US$12 with a 24-hour trading volume of US$18.58M. The market cap of PayPal USD stands at US$523.59M, with 523.63M PYUSD in circulation. For those looking to purchase or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$523.59M
- 24-hour volume
- US$18.58M
- Circulating supply
- 523.63M PYUSD
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