Where and How to Stake Dymension (DYM)

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.

   Platform	Coin	Price
   Bitpanda	Dymension (DYM)	2.27
   Kraken	Dymension (DYM)	2.26
   Binance	Dymension (DYM)	1.64
   Bitmart	Dymension (DYM)	1.57
   MEXC Global	Dymension (DYM)	2.26
   BingX	Dymension (DYM)	2.26

   See all 16 prices

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.

   Platform	Coin	Staking rewards
   Bitpanda	Dymension (DYM)	Up to 6 APY
   Bitmart	Dymension (DYM)	Up to 1 APY
   Bitget	Dymension (DYM)	Up to 13.8 APY
   Kucoin	Dymension (DYM)	Up to 2.5 APY
   Binance	Dymension (DYM)	Up to 4 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.