How to Stake DYDX
1. Navigate to https://wallet.keplr.app/
2. Click the Search Chains field and type dYdX
3. Click dYdX
4. Click the Search Validator field and type Coinage x Daic
5. Click Coinage x DAIC
6. Click Stake
- Click the Amount field, enter the number of dYdX tokens you want to stake and Click Stake
10. Approve the Keplr wallet transaction pop-up
11. Congratulations! Your KUJI tokens have been staked
dYdX Staking FAQ
How much can I make staking dYdX?
The return from staking dYdX varies based on the network's overall staking participation, real yield, and specific validator commission. Rewards are paid in USDC tokens.
How do I receive my dYdX rewards?
dYdX rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards
When can I start earning rewards with dYdX?
You can start earning staking rewards as soon as your tokens are successfully delegated to a validator.
Can I sell dYdX while it is staked?
Staked dYdX tokens cannot be sold,they need to be unstaked first. The unstaking period for dYdX is 30 days.
What are the risks around staking dYdX?
Staking dYdX comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period).
What consensus algorithm does dYdX use?
dYdX chain is based on the Cosmos SDK and CometBFT proof-of-stake consensus protocol.
What are the tokenomics of dYdX?
Read all about dYdX tokenomics here
The information provided by DAIC, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes and does not constitute investment advice, financial advice, trading advice, or any other type of advice. DAIC does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.
