Summary
You can stake your USDC holdings to earn passive rewards. From the app’s home screen, tap on Earn > USDC Staking.
USDC Staking is also available on Bitcoin.com’s decentralized exchange Verse DEX here.
Table of Contents
What is USDC staking?
USDC staking involves locking up your USDC in a smart contract where it is used as collateral for lending products. In other words, people borrow your USDC and pay interest to you. Learn more about staking in our Learning Center.
What is the interest rate I will earn for staking my USDC?
The interest rate for staking USDC fluctuates. To get the most accurate and current rate for USDC staking and other products, navigate to Home > Earn.
Where does the yield for USDC staking come from?
The yield for USDC staking comes from lending markets where some market participants pay interest to borrow USDC.
Is there a penalty for withdrawing my staked USDC?
There is no penalty for simply withdrawing your staked USDC and you can withdraw it instantly.
How are the rewards distributed?
Your rewards for USDC staking are distributed automatically and in real-time as blocks on the Ethereum blockchain are validated. When you withdraw your staked USDC, you will automatically receive all the USDC you deposited, plus any USDC rewards you have accrued.
Are my USDC staking rewards compounding?
When you stake your USDC in the Bitcoin.com Wallet app or on Bitcoin.com’s decentralized exchange Verse DEX, your staking rewards compound automatically. You can track the rewards you have accumulated from within the dApp:
Step-by-step instructions for staking USDC
From the app’s home screen, scroll down and select “Earn.”
Tap on USDC Staking then hit the STAKE USDC button.
Enter the amount of USDC you would like to stake, then hit CONFIRM STAKE. Note that you will need some ETH in your wallet to cover the transaction fee.
Confirm the transaction by Sliding the Arrow.
Once you have completed the above steps, you will start earn rewards.
Step-by-step instructions for withdrawing your staked USDC
From the app’s home screen, scroll down and select “Earn.”
From the app’s home screen, scroll down and select “Earn.”
Tap on USDC Staking then hit the WITHDRAW button.
Enter the amount USDC you would like to unstake, then hit CONFIRM. Note that you will need some ETH in your wallet to cover the transaction fee.
Confirm the transaction by Sliding the Arrow.
Once you have completed the above steps, your staked USDC will be instantly withdrawn from the pool and deposited in your wallet.