In this guide, I’ll walk you through the steps to get your hands on Near Protocol’s brand new USN stablecoin. Covered: Downloading Near Wallet Swapping For USN Stablecoin Prepare For USN Staking Near Protocol has been garnering a lot of attention throughout 2022. It’s following in the footsteps of other layer-1 blockchains like Terra to […] The post How To Get Near’s USN Stablecoin For 10% Staking Rewards appeared first on CryptosRus.

How To Get Near’s USN Stablecoin For 10% Staking Rewards

In this guide, I’ll walk you through the steps to get your hands on Near Protocol’s brand new USN stablecoin.

Covered:

  • Downloading Near Wallet
  • Swapping For USN Stablecoin
  • Prepare For USN Staking

Near Protocol has been garnering a lot of attention throughout 2022. It’s following in the footsteps of other layer-1 blockchains like Terra to create its own native USN stablecoin. USN just launched and is set to offer 10% staking rewards in the near future. Let’s walk through the steps to onboard Near and buy USN so that you can be early to its 10% staking returns.

RECOMMENDED: WHAT IS NEAR PROTOCOL?

Downloading Near Wallet

The first step to getting on Near is downloading its native NEAR wallet, which you can find here.

Click on “Create Account”, then you’ll be prompted to create your own Account ID.

Next, you’ll choose your recovery setup to access your wallet. “Secure passphrase” is the most secure and straightforward option. However, you can link your Near wallet to a Ledger hardware wallet or connect an email as well.

After setting up your security measures, you’ll need to verify your wallet and fund it with some NEAR tokens to get started with Near decentralized finance (DeFi). Near Wallets require at least 0.1 NEAR in order to interact with its DeFi ecosystem.

You can purchase NEAR from a multitude of different exchanges like KuCoin, Binance, and more. For a full list of where you can buy NEAR, check out CoinMarketCap’s list here under “NEAR Protocol Markets.”

Swapping For USN Stablecoin

Now that your wallet is set up, let’s head over to one of Near’s most popular DeFi platforms, Ref.finance.

Launch the app from the top-right corner of the homepage to arrive at Ref’s Swap interface.

Then, simply click the green “Connect to Near” button at the bottom to connect your Near wallet.

Keep in mind that depositing NEAR to Ref.finance will give you “wrapped” NEAR (wNEAR), but don’t fret — this is simply Ref’s native NEAR asset that is pegged to the NEAR token. When withdrawing wNEAR from Ref, you’ll be given back native NEAR.

Now, simply enter the amount of NEAR you’d like to swap for USN, and confirm the transaction! You’ll have USN loaded to your wallet in no time.

Prepare For USN Staking

Now that you have your USN stablecoins on Near, you can prepare to stake those tokens for an attractive 10% stable APY thanks to Decentral Bank, the decentralized autonomous organization (DAO) developing NEAR-native stablecoins.

The DAO’s staking program is set to go live “soon,” but no specific date has been specified. To read up on more about Decentral Bank and USN, check out their Medium post here.

The post How To Get Near’s USN Stablecoin For 10% Staking Rewards appeared first on CryptosRus.