How to Stake dYdX (Wormhole) (DYDX)

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. 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)	0,64 APY
   Uphold	dYdX (Wormhole) (DYDX)	0,58 APY
   Kraken	dYdX (Wormhole) (DYDX)	0,63 APY
   OKX	dYdX (Wormhole) (DYDX)	0,66 APY
   Binance	dYdX (Wormhole) (DYDX)	0,63 APY
   BTSE	dYdX (Wormhole) (DYDX)	0,64 APY

   View all 46 prices

2. 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. 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. 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.

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.