How to Get Free Monad by Staking USDC: A Complete Guide

Staking cryptocurrency has become one of the most popular ways for crypto enthusiasts to earn passive income. One such opportunity is staking USDC to earn MON, the token associated with the Bitrue platform.

If you’re looking to maximize your holdings and earn free Monad, this article will guide you through the process and explain how staking USDC can be a great way to grow your crypto portfolio.

What is Staking USDC to Earn MON?

Staking involves locking up your cryptocurrency in a specific platform or pool to earn rewards over time. In this case, USDC (a stablecoin pegged to the US dollar) is staked to earn MON tokens.

A well-known crypto exchange, Bitrue, offers this staking service, where users can stake their USDC and earn rewards in MON. The platform rewards participants with MON based on the amount they stake, with the rewards distributed periodically.

The current staking pools on Bitrue offer users the chance to earn MON at competitive rates:

• USDC Pool: Stake your USDC to earn MON with an APR of 27.19%.
   
• RLUSD Pool: Stake RLUSD for higher returns, with an APR of 52.1%.
   

Read Also: Bitrue $MON Reward Campaign: Monad Spot Trading on November 24

How to Stake USDC and Earn MON?

Getting started with staking USDC to earn MON is simple. Here’s how you can participate:

Step 1: Sign Up on Bitrue

If you don’t already have an account, you’ll need to sign up on Bitrue. It’s a quick and easy process that involves verifying your identity and setting up your account. Once registered, you’ll have access to the staking feature.

Read Also: Futures Trading Strategies for Beginners: A Simple Guide to Getting Started

Step 2: Deposit USDC to Your Bitrue Account

Next, deposit USDC into your Bitrue wallet. You can either buy USDC directly on the platform or transfer it from another wallet. Make sure to double-check the deposit address to ensure everything is accurate.

Step 3: Navigate to the Launchpool Section

Once your USDC is in your Bitrue account, go to the Launchpool section. Here, you’ll find various pools available for staking, including the USDC Pool for staking USDC to earn MON.

Step 4: Choose Your Pool and Stake USDC

Select the USDC Pool (or RLUSD Pool if you prefer) and enter the amount of USDC you want to stake. You can stake up to 30,000 USDC per individual limit. After confirming your stake, your funds will be locked in the pool for the duration of the farming period, typically around 5 days.

Step 5: Earn MON Tokens

Once your USDC is staked, you’ll start earning MON tokens based on the APR. The rewards are distributed periodically, and you can check your balance on the platform. The USDC Pool provides a solid 27.19% APR, while the RLUSD Pool offers a more generous 52.1% APR.

Step 6: Withdraw Your MON Rewards

At the end of the staking period, you’ll receive your MON tokens. You can either withdraw them to your Bitrue wallet or choose to continue staking them for even greater returns.

Read Also: Bitrue Meets Huge Demand for Monad Via Launchpool and Trading Support

Benefits of Staking USDC to Earn MON

There are several advantages to staking USDC to earn MON:

• Passive Income: Staking allows you to earn rewards without actively trading, making it an ideal way to grow your holdings.
   
• Attractive APRs: With APRs up to 52.1%, staking offers a more lucrative alternative to simply holding USDC.
   
• Security: USDC is a stablecoin, which means its value remains relatively stable, providing a safer investment compared to more volatile cryptocurrencies.
   
• Low Barrier to Entry: Staking on Bitrue requires no complex procedures, making it accessible for both beginners and experienced crypto users.
   

Conclusion

Staking USDC on Bitrue is an excellent way to earn free MON tokens while also making the most out of your USDC holdings. With a straightforward staking process and attractive APR rates, this method provides both passive income and a low-risk way to engage with the cryptocurrency market.

So, why not take advantage of this opportunity and start staking today? Ready to stake USDC and earn free MON tokens? Head over to Bitrue Exchange to get started, or check out the latest crypto insights on the Bitrue Blog.

FAQ

What is staking USDC on Bitrue?

Staking USDC on Bitrue means locking your USDC in a pool to earn MON tokens as rewards based on the APR.

How do I start staking USDC on Bitrue?

To start, sign up on Bitrue, deposit USDC into your account, and stake it in the USDC Pool to earn MON.

What are the APR rates for staking USDC?

The APR for the USDC Pool is 27.19%, and for the RLUSD Pool, it’s 52.1%.

What is the farming period for staking USDC?

The farming period for staking USDC typically lasts 5 days.

How much USDC can I stake?

You can stake up to 30,000 USDC in the USDC Pool on Bitrue.