How to Stake Mento Dollar (USDM) on Polkadot{.js}
Polkadot{.js} may not directly support USDM staking, but you can still use Polkadot{.js} to buy USDM and transfer it for staking.
Current APY
5.1%
Price
$0.9997
Platform Fee
No
Platform Type
wallet
Start Staking USDM on Polkadot{.js}
Polkadot{.js} gives you full control of your assets.
Stake USDM on Polkadot{.js} →Step-by-Step: Stake USDM on Polkadot{.js}
Install Polkadot{.js}
Download and install Polkadot{.js} from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.
Fund the wallet with USDM
Buy USDM on an exchange (Coinbase, Kraken, Binance) and withdraw to your Polkadot{.js} address. Double-check the network before sending.
Open the staking section
In Polkadot{.js}, navigate to the staking or earn tab for Mento Dollar. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.
Delegate and confirm
Enter the amount of USDM to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.
Polkadot{.js} for USDM Staking: Pros & Cons
Pros
- + Reference wallet — every new chain feature lands here first
- + Direct access to all governance and chain functions via polkadot.js.org/apps
- + Open-source, audited, maintained by the core teams
- + Full Ledger integration
Cons
- - Bare-bones UX — designed for power users, not beginners
- - No NFT gallery, fiat ramp, or portfolio polish
- - Mobile experience is minimal