TL;DR: You need to fund your Stellar wallet with a minimum of 2 XLM to activate it and add a trustline for USDC to receive rewards.
What You’ll Learn
- How wallet activation works on Stellar
- Why you need to add trustlines for assets like USDC
- How KYC relates to your wallet balance
Understanding Wallet Activation
The main reason you need to activate your wallet is so you can receive your hard-earned rewards on Boundless. On the Stellar network, a wallet is an account that doesn’t exist until it’s funded with a small amount of XLM. This requirement prevents spam by making it costly to create large numbers of empty accounts. The minimum balance (usually around 1 XLM) also acts as a reserve to pay for the storage your account uses on the network. Until this deposit is made, the account cannot send or receive transactions because it hasn’t been created on-chain. To ensure you can receive your payouts safely, you have to copy your wallet address and fund it with at least 2 XLM to activate it.Adding Trustlines for Rewards
Boundless rewards are paid in Stellar USDC. Assets like USDC aren’t automatically available in your wallet. You must explicitly “opt in” to them by adding a trustline. A trustline is a setting on your account that tells the network you trust and want to hold a specific asset, such as USD Coin. This is required to prevent spam tokens from being sent to you without permission and to keep accounts secure and organized. Adding a trustline also increases your minimum balance slightly because it uses additional storage on the network. Click on the Enable USDC Trustline button, and the USDC trustline is automatically added. Do the same for USDGLO and EURC. Remember your wallet takes up to 1 XLM for each trustline added.Read more about trustlines in the Stellar Developers Guide.