Introduction
Staking Wrapped USD can be a great option for those who want to hold WUSD 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 Wrapped USD (WUSD) Tokens
In order to stake Wrapped USD, you need to have it. To obtain Wrapped USD, you'll need to purchase it. You can choose from these popular exchanges.
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 good options.
Platform Coin Staking rewards Bitmart Wrapped USD (WUSD) Up to 5% APY 3. Delegate Your WUSD
We recommend using a staking pool when staking WUSD. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their WUSD, 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 Wrapped USD network. You'll be rewarded with WUSD 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
Wrapped USD (WUSD) is currently priced at $5 with a 24-hour trading volume of $1,764.22. For those looking to buy or trade Wrapped USD, Bitmart offers avenues to do so securely and efficiently}
- 24h volume
- $1,764.22