We don't currently track providers offering this for USDS. Try a different coin or browse our USDS hub.
Staking USDS can be a great option for those who want to hold usds 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.
In order to stake USDS, you need to have it. To obtain USDS, you'll need to purchase it. You can choose from these popular exchanges.
Once you have usds, you'll need to choose a USDS wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking usds. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their usds, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 USDS network. You'll be rewarded with usds for these validations.
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.
Building a crypto integration?
Access yield rates programmatically via the Bitcompare Pro API. 10,000 requests/month free.
