Latest Movements
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- 24-hour volume
- USDĀ 124.52
Earn up to
2.59% p.a.
A comprehensive guide on how to stake dYdX (Wormhole) (DYDX)
We have a wealth of data on staking dYdX (Wormhole) (DYDX) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
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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.
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.
Once you have DYDX, you'll need to choose a dYdX (Wormhole) wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Binance | dYdX (Wormhole) (DYDX) | Up to 2.19% % p.a. |
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.
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.
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.