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How to Stake staked USD1+ (SUSD1+) on MyNearWallet

MyNearWallet may not directly support SUSD1+ staking, but you can still use MyNearWallet to buy SUSD1+ and transfer it for staking.

Current APY

4.0%

Price

$1.03

Platform Fee

No

Platform Type

wallet

Start Staking SUSD1+ on MyNearWallet

MyNearWallet gives you full control of your assets.

Stake SUSD1+ on MyNearWallet →

Step-by-Step: Stake SUSD1+ on MyNearWallet

1

Install MyNearWallet

Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

2

Fund the wallet with SUSD1+

Buy SUSD1+ on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.

3

Open the staking section

In MyNearWallet, navigate to the staking or earn tab for staked USD1+. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

4

Delegate and confirm

Enter the amount of SUSD1+ to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

MyNearWallet for SUSD1+ Staking: Pros & Cons

Pros

  • + Browser-based — no install required
  • + Direct delegation to any NEAR validator
  • + Compatible with Ledger hardware wallets
  • + Open-source codebase

Cons

  • - NEAR-only; no multi-chain support
  • - Web wallets carry phishing risk — bookmark the real URL
  • - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated

FAQ: SUSD1+ Staking on MyNearWallet

What APY can I earn staking SUSD1+ on MyNearWallet?
The current estimated APY for SUSD1+ staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and MyNearWallet's fee structure (No platform fee — validator commission (typically 1–10%)).
Is staking SUSD1+ on MyNearWallet safe?
MyNearWallet is a non-custodial protocol with a high risk profile for SUSD1+ staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake SUSD1+ from MyNearWallet?
Unstaking times depend on the network: ~2–3 days unstaking (4 epochs). During the unstaking period, your SUSD1+ won't earn rewards.
What fees does MyNearWallet charge for SUSD1+ staking?
MyNearWallet charges No platform fee — validator commission (typically 1–10%). These fees are typically deducted from your staking rewards automatically.
Can I stake SUSD1+ on other platforms?
Yes! You can compare all available platforms for SUSD1+ staking on our How to Stake staked USD1+ guide. Different platforms offer different APY rates, fees, and custody models.