Introduction
Staking TerraClassicUSD can be an excellent option for those who wish to hold USTC 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 TerraClassicUSD (USTC) Tokens
To stake TerraClassicUSD, you need to possess it. To obtain TerraClassicUSD, you'll need to purchase 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 suitable 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, 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 TerraClassicUSD network. You will be rewarded with USTC 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
- Market capitalisation
- US$103.32M
- 24-hour volume
- US$7.65M
- Circulating supply
- 5.56B USTC
