Introduction
Staking TerraClassicUSD can be a great option for those who want to hold USTC but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step guide
1. Obtain TerraClassicUSD (USTC) Tokens
To stake TerraClassicUSD, you need to have it. To get TerraClassicUSD, you'll need to buy 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 lekker options.
3. Delegate Your USTC
We recommend using a staking pool when staking USTC. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their USTC, which gives them a better 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 TerraClassicUSD network. You'll be rewarded with USTC for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.
Latest Movements
- Market cap
- US$103,32M
- 24h trading volume
- US$7,65M
- Circulating supply
- 5,56B USTC