Introduction
Staking PayPal USD can be a great option for those who want to hold PYUSD but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain PayPal USD (PYUSD) Tokens
In order to stake PayPal USD, you need to have 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 good options.
Platform Coin Staking rewards YouHodler PayPal USD (PYUSD) Up to 12% APY 3. Delegate Your PYUSD
We recommend using a staking pool when staking PYUSD. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PYUSD, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
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 PayPal USD network. You'll be rewarded with PYUSD for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can 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
PayPal USD (PYUSD) is currently priced at $12 with a 24-hour trading volume of $18.58M. The market cap of PayPal USD stands at $523.59M, with 523.63M PYUSD in circulation. For those looking to buy or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $523.59M
- 24h volume
- $18.58M
- Circulating supply
- 523.63M PYUSD
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