How to Stake dYdX (Wormhole) (DYDX): A Step-by-Step Guide for German Investors

Introduction

Staking dYdX (Wormhole) can be an excellent choice for those looking to hold DYDX while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. Acquire dYdX (Wormhole) (DYDX) Tokens

To stake dYdX (Wormhole), you first need to acquire it. To obtain dYdX (Wormhole), you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

Plattform	Kryptowährung	Price
Nexo	dYdX (Wormhole) (DYDX)	0,17 APY
Binance	dYdX (Wormhole) (DYDX)	0,17 APY
BTSE	dYdX (Wormhole) (DYDX)	0,64 APY
Kraken	dYdX (Wormhole) (DYDX)	0,17 APY
OKX	dYdX (Wormhole) (DYDX)	0,66 APY
Uphold	dYdX (Wormhole) (DYDX)	0,58 APY

View all 46 prices

2. Select a dYdX (Wormhole) Wallet
Once you have DYDX, you'll need to select a dYdX (Wormhole) wallet to securely store your tokens. Here are some solid options to consider.
Plattform Kryptowährung Staking rewards
Binance dYdX (Wormhole) (DYDX) Up to 2,19 % APY
Discover all 4 staking rewards available
3. Delegate Your DYDX
We recommend using a staking pool when staking DYDX. It's simpler and faster to get started. A staking pool is a collective of validators who pool their DYDX, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the dYdX (Wormhole) network. For these validations, you will be rewarded with DYDX.

Plattform	Kryptowährung	Staking rewards
Binance	dYdX (Wormhole) (DYDX)	Up to 2,19 % APY

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.