Latest Movements in Uganda's Financial Landscape
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- Market capitalization
- US$264.48M
- 24-hour trading volume
- US$13.62M
- Available supply
- 222.09M DYM
Earn up to
3.88% APY on your savings.
A comprehensive guide on how to stake Dymension (DYM) in Uganda
We have a wealth of information on staking Dymension (DYM), and we are excited to share some of this with you.
We present you with various staking options using different coins that may pique your interest.
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Staking Dymension can be an excellent choice for those looking to hold DYM while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.
To stake Dymension, you first need to acquire it. To obtain Dymension, you will have to buy it. You can select from these well-known exchanges available in Uganda.
| E-platform | Coin | Cost |
|---|---|---|
| PrimeXBT | Dymension (DYM) | 0.07 APY |
| Binance | Dymension (DYM) | 0.07 APY |
| Kraken | Dymension (DYM) | 0.07 APY |
| BingX | Dymension (DYM) | 0.07 APY |
| Bitfinex | Dymension (DYM) | 0.07 APY |
| Bitget | Dymension (DYM) | 0.07 APY |
Once you have DYM, you'll need to select a Dymension wallet to securely store your tokens. Here are some reliable options to consider.
| E-platform | Coin | Staking rewards in Uganda |
|---|---|---|
| Binance | Dymension (DYM) | Up to 3.88% APY |
| Bitget | Dymension (DYM) | Up to 13.8% APY |
| Bitmart | Dymension (DYM) | Up to 1% APY |
| Bitpanda | Dymension (DYM) | Up to 6% APY |
| Chainode Tech | Dymension (DYM) | Up to 9.02% APY |
| Kucoin | Dymension (DYM) | Up to 2.5% APY |
We recommend using a staking pool when staking DYM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their DYM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Dymension network. You'll be rewarded with DYM for these validations.
There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.