How to Stake Wrapped USD (WUSD)

Introduction

Staking Wrapped USD can be an excellent choice for those looking to hold WUSD while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Wrapped USD (WUSD) Tokens

   To stake Wrapped USD, you first need to acquire it. To obtain Wrapped USD, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Azbit	Wrapped USD (WUSD)	1
   BingX	Wrapped USD (WUSD)	1
   Bitget	Wrapped USD (WUSD)	1
   Bitmart	Wrapped USD (WUSD)	1
   Gate.io	Wrapped USD (WUSD)	1
   Hotcoin	Wrapped USD (WUSD)	1

   View all 13 prices

2. 2. Select a Wrapped USD Wallet

   Once you have WUSD, you'll need to choose a Wrapped USD wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Bitmart	Wrapped USD (WUSD)	Up to 5% APY

3. 3. Delegate Your WUSD

   We recommend using a staking pool when staking WUSD. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their WUSD, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.