Where and How to Stake DeFi Yield Protocol (DYP)

Introduction

Staking DeFi Yield Protocol can be a great option for those who want to hold DYP 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 DeFi Yield Protocol (DYP) Tokens

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

   Platform	Coin	Price
   Coinbase	DeFi Yield Protocol (DYP)	0.19
   MEXC Global	DeFi Yield Protocol (DYP)	0.02
   Kucoin	DeFi Yield Protocol (DYP)	0.02

2. 2. Choose a DeFi Yield Protocol Wallet

   Once you have DYP, you’ll need to choose a DeFi Yield Protocol wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	DeFi Yield Protocol (DYP)	Up to 5.00 APY

3. 3. Delegate Your DYP

   We recommend using a staking pool when staking DYP. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DYP, 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 DeFi Yield Protocol network. You’ll be rewarded with DYP 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.