How to Stake Dypius [OLD] (DYP) in Australia

Introduction

Staking Dypius [OLD] can be a great option for those who want to hold DYP 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 Dypius [OLD] (DYP) Tokens

   To stake Dypius [OLD], you need to own it. To obtain Dypius [OLD], you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Coinbase	Dypius [OLD] (DYP)	0.19
   Gate.io	Dypius [OLD] (DYP)	0.0009053
   HTX	Dypius [OLD] (DYP)	0.00091
   Kucoin	Dypius [OLD] (DYP)	0.00091
   MEXC Global	Dypius [OLD] (DYP)	0.000918

   See all 9 prices

2. 2. Choose a Dypius [OLD] Wallet

   Once you have DYP, you'll need to choose a Dypius [OLD] wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   MyCointainer	Dypius [OLD] (DYP)	Up to 5% % p.a.

3. 3. Delegate Your DYP

   We recommend using a staking pool when staking DYP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their DYP, 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 Dypius [OLD] network. You'll be rewarded with DYP 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.