Intermediate
dYdX Staking : the full guide to enjoy your tokens
Dydx Stoking allows holders of the Dydx token staking DYDX DYDX the operation of the network while obtaining awards. As on other blockchains using the proof of stake (POS), it is a question of delegating its tokens to validators who ensure the treatment and validation of transactions. On dYdX V4 , built with the SDK cosmos , the staking also aims to support the liquidity necessary for the smooth running of exchanges on the platform. By depositing their tokens, users therefore help to strengthen the stability and overall efficiency of the protocol.
Table of contents
Why do dYdX staking ?
DYDX staking offers several advantages:
- Receive awards in dYdX , proportional to the Staké amount.
- Contribute to the security dYdX decentralized network .
For a global vision of the services offered, we invite you to visit our full opinion on dYdX .
The technical bases of the dYdX staking
DYDX staking is based on:
- A system of validators , elected by the delegation of users.
- A DYDX awards program DYDX on the annual network inflation.
- A release period (unbonding) if you want to recover your tokens after staked them.
Current annual inflation is around 14 %. This rate partly remunerates stakers for their active role in the ecosystem.
How to do dYdX staking : Step by step guide
Here's how to stike your tokens on dYdX.
1. Procure tokens DYDX
Before you can do staking, you must first buy DYDXtokens. Here are the best options according to your place of residence:
- For European residents : we recommend that you go through Bitvavo. This platform offers:
- Very competitive costs ( USDC pairs of the Pro Platform).
- An environment regulated and registered with European financial authorities.
- A simplified interface for beginners .
- The possibility of making free deposits in euros by bank transfer or SEPA.
- Excellent security with partial insurance on funds in the event of a problem.
- For residents outside Europe : we recommend using Okx. This great international Exchange offers:
- A very wide choice of active ingredients including DYDX .
- trading costs ( more difficult interface to handle.
- Access to advanced services such as Margin trades, derivatives and options.
- Reinforced security with compulsory two factors (2FA) (2FA).
- A platform accessible in the majority of countries without major restrictions.
2. Transfer your tokens to a cosmos compatible wallet
Dydx Stuking is done directly on its staking DYDX blockchain . So you need:
- A wallet like Képlr Wallet which supports the Cosmos ecossystem
3. Connect your wallet to staking Interface
Go to the official dYdX (up -to -date site: dydx .trade ) and connect your wallet.
- Click on "Connect Wallet".
- Authorize the connection with your browser extension.
- Go to the " DYDX " tab then click on "Stake"
4. Choose a validator
You must enter the amount you want to stake and then select a validator to which to delegate your tokens. The criteria to choose:
- Commission rate applied by the validator.
- Reliability and performance history (little or no slashing).
- Community commitment and participation in governance.
5. Delegate your tokens
After selecting a validator:
- Click on "Delegate".
- Confirm the transaction (plan a few costs in DYDX).
6. Follow your awards
Once delegated, your tokens are starting to generate rewards automatically. You can consult them directly in the interface:
- Current stake balance.
- Awards accumulated.
How to remove your stake tokens
To unlock your tokens, here is the procedure:
- Go to the "My Delegations" section.
- Select "Undelegate".
- Validate the operation.
Please note: your tokens will then enter a 30 -day unbound period. During this period, they will be unavailable.
What to be careful before staging your DYDX ?
Before you start, take into account:
- The period of unbonding that immobilizes your funds for 30 days.
- The risks of slashing if your validator behaves in a malicious manner or undergoes a major failure.
- The volatility of the DYDX prize : your awards are in DYDX , therefore subject to the fluctuation of its course.
staking DYDX remains a solid solution for investors wishing to support the ecosystem while generating return without giving in their assets.
A quick overview of DYDX 's Tokenomics
According to Tokenomist data, the program of Tokens DYDX follows a relatively healthy scheme:
- The bulk of the liberation of tokens already took place in 2024.
- Residual inflation is now low, limiting selling pressure .
- The distribution remains balanced between investors, founding team and community .
More details on the Tokenomics in our full article on dYdX .
This situation encourages price stability in the medium term, a key factor for attractive staking .
DYDX staking : encrypted data to know
Some useful figures for better situating the staking DYDX :
- Current inflation : approximately 14 % per year.
- Duration of Unbounding : 30 days.
- Number of validators : around 80.
- Delegation costs : generally between 5 % and 10 % depending on the validator.
Conclusion: Is DYDX staking worth it?
Dydx Staking staking above all for users who believe in the future of decentralized trading and wish to strengthen the DYDX ecosystem DYDX dYdX passive income. With solid architecture, sustained growth and an active community, dYdX seems to be well positioned to cross market cycles
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
