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Where and How to Stake Dymension (DYM)

Earn up to
6.00 APY

Stake with Bitpanda

What you'll learn

  1. 1

    How to Stake Dymension (DYM)

    An in-depth guide on how to stake Dymension (DYM)

  2. 2

    Statistics about Dymension Staking

    We have a lot of data on staking Dymension (DYM) and we share some of this with you.

  3. 3

    Other coins you can Stake

    We show you some staking options with other coins that could be of interest.

Introduction

Staking Dymension can be a great option for those who want to hold DYM but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

  1. 1. Obtain Dymension (DYM) Tokens

    In order to stake Dymension, you need to have it. To obtain Dymension, you'll need to purchase it. You can choose from these popular exchanges.

  2. 2. Choose a Dymension Wallet

    Once you have DYM, you’ll need to choose a Dymension wallet to store your tokens. Here are some good options.

    PlatformCoinStaking rewards
    BitpandaDymension (DYM)Up to 6.00 APY
    BitmartDymension (DYM)Up to 1.00 APY
    BinanceDymension (DYM)Up to 4.00 APY
    KucoinDymension (DYM)Up to 2.50 APY
    BitgetDymension (DYM)Up to 13.80 APY
    See all 9 staking rewards
  3. 3. Delegate Your DYM

    We recommend using a staking pool when staking DYM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DYM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

  4. 4. Start Validating

    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.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Dymension (DYM) is currently priced at $9.02 with a 24-hour trading volume of $25.39M. The market cap of Dymension stands at $318.72M, with $211.15M DYM in circulation. For those looking to buy or trade Dymension, Bitpanda offers avenues to do so securely and efficiently}

Market cap
$318.72M
24h volume
$25.39M
Circulating supply
$211.15M
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