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A comprehensive guide on how to stake PayPal USD (PYUSD)
We have extensive data on staking PayPal USD (PYUSD) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking PayPal USD is an excellent choice for those looking to hold PYUSD while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake PayPal USD, you first need to acquire it. You can purchase PayPal USD from various popular exchanges.
Once you have PYUSD, you'll need to select a PayPal USD wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | PayPal USD (PYUSD) | Earn up to 12% APY |
We suggest using a staking pool for staking PYUSD. It's easier and quicker to start. A staking pool consists of validators who pool their PYUSD, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the PayPal USD network. You will be rewarded with PYUSD for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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