How to Stake dYdX (ETHDYDX) in Vietnam

Introduction

Staking dYdX is an excellent choice for those looking to hold ETHDYDX while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire dYdX (ETHDYDX) Tokens

   To stake dYdX, you first need to acquire it. You can purchase dYdX from various popular exchanges.

   Platform	Coin	Cost
   BingX	dYdX (ETHDYDX)	0.33
   Bitget	dYdX (ETHDYDX)	0.88
   Bitmart	dYdX (ETHDYDX)	0.33
   Bitpanda	dYdX (ETHDYDX)	1.59
   SwissBorg	dYdX (ETHDYDX)	0.35

   View all 8 prices

2. 2. Select a dYdX Wallet

   Once you have ETHDYDX, you'll need to select a dYdX wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Bitget	dYdX (ETHDYDX)	Earn up to 14% APY

3. 3. Delegate Your ETHDYDX

   We suggest using a staking pool for staking ETHDYDX. It's easier and quicker to start. A staking pool consists of validators who pool their ETHDYDX, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the dYdX network. You will be rewarded with ETHDYDX for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.