Introduction

Staking Pax Dollar is an excellent choice for those looking to hold USDP 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.

Comprehensive Guide

1. 1. Acquire Pax Dollar (USDP) Tokens

   To stake Pax Dollar, you first need to acquire it. You can purchase Pax Dollar from various popular exchanges.

   Platform	Coin	Cost
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   Azbit	Pax Dollar (USDP)	1
   BingX	Pax Dollar (USDP)	1

   View all 22 prices

2. 2. Select a Pax Dollar Wallet

   Once you have USDP, you'll need to select a Pax Dollar wallet to keep your tokens safe. Here are some great options.

3. 3. Delegate Your USDP

   We suggest using a staking pool for staking USDP. It's easier and quicker to start. A staking pool consists of validators who pool their USDP, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Pax Dollar network. You will be rewarded with USDP for these validations.

Key Considerations

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.