How to Stake Dypius [OLD] (DYP)

Introduction

Staking Dypius [OLD] can be an excellent choice for those looking to hold DYP 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 Dypius [OLD] (DYP) Tokens

   To stake Dypius [OLD], you first need to acquire it. To obtain Dypius [OLD], you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Coinbase	Dypius [OLD] (DYP)	0,19 APY
   Gate.io	Dypius [OLD] (DYP)	0,01 APY
   HTX	Dypius [OLD] (DYP)	0,01 APY
   Kucoin	Dypius [OLD] (DYP)	0,01 APY
   MEXC Global	Dypius [OLD] (DYP)	0,01 APY

   View all 9 prices

2. 2. Select a Dypius [OLD] Wallet

   Once you have DYP, you'll need to select a Dypius [OLD] wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Dypius [OLD] (DYP)	Up to 5 % APY

3. 3. Delegate Your DYP

   We recommend using a staking pool when staking DYP. It's simpler and faster to get started. A staking pool is a collective of validators who pool their DYP, 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 Dypius [OLD] network. For these validations, you will be rewarded with DYP.

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.