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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire dYdX (Wormhole) (DYDX) Tokens

   To stake dYdX (Wormhole), you must first acquire it. To obtain dYdX (Wormhole), you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	dYdX (Wormhole) (DYDX)	0.68 APY
   Binance	dYdX (Wormhole) (DYDX)	0.68 APY
   BTSE	dYdX (Wormhole) (DYDX)	0.64 APY
   Kraken	dYdX (Wormhole) (DYDX)	0.67 APY
   OKX	dYdX (Wormhole) (DYDX)	0.69 APY
   Uphold	dYdX (Wormhole) (DYDX)	0.58 APY

   Check out 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 excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	dYdX (Wormhole) (DYDX)	Up to 2.19% APY

   Discover all 4 staking rewards available to you

3. 3. Delegate Your DYDX

   We recommend using a staking pool when staking DYDX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their DYDX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in DYDX.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.