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How to Stake dYdX (Wormhole) (DYDX) in Australia

Earn up to
2.59% p.a.

What you will learn

  1. 1

    How to Stake dYdX (Wormhole) (DYDX)

    A comprehensive guide on how to stake dYdX (Wormhole) (DYDX)

  2. 2

    Statistics about dYdX (Wormhole) Staking

    We have a wealth of data on staking dYdX (Wormhole) (DYDX) and we're pleased to share some of this with you.

  3. 3

    Other coins you can stake

    We present some staking options with other coins that may be of interest.

Introduction

Staking dYdX (Wormhole) can be a great option for those who want to hold DYDX while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

  1. 1. Obtain dYdX (Wormhole) (DYDX) Tokens

    To stake dYdX (Wormhole), you need to own it. To obtain dYdX (Wormhole), you'll need to buy it. You can choose from these popular exchanges.

  2. 2. Choose a dYdX (Wormhole) Wallet

    Once you have DYDX, you'll need to choose a dYdX (Wormhole) wallet to store your tokens. Here are some great options.

    PlatformCoinStaking returns
    BinancedYdX (Wormhole) (DYDX)Up to 2.19% % p.a.
    View all 4 staking rewards
  3. 3. Delegate Your DYDX

    We recommend using a staking pool when staking DYDX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DYDX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

  4. 4. Begin Validation

    You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the dYdX (Wormhole) network. You'll be rewarded with DYDX for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.

Latest Movements

dYdX (Wormhole) (DYDX) is currently priced at USD 10.15 with a 24-hour trading volume of USD 124.52. For those looking to buy or trade dYdX (Wormhole), Binance offers avenues to do so securely and efficiently

24-hour volume
USD 124.52
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Important Notice

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