Monday, February 26, 2024
HomeCryptocurrencyEarn as much as 28% APR* whenever you stake your DYM

Earn as much as 28% APR* whenever you stake your DYM


We’re thrilled to announce that Kraken now helps Dymension (DYM) staking!

Staking and funding

DYM buying and selling and staking are stay. Add DYM to your Kraken account by navigating to Funding, deciding on the asset, and hitting Deposit.

Stake your DYM and earn as much as 28% APR* from the Earn part of your Kraken Professional account or from the Kraken Professional cellular app.

DYM staking on Kraken is gasless, that means there are not any community transaction charges for staking and unstaking or for claiming and withdrawing staking rewards. Moreover, Kraken makes it simple so that you can stake and unstake at any time, with no lockup intervals.

Bonded Staking Vary 15-35% APR
Versatile Staking Vary 5-15% APR

Word: 

  • An summary of eligibility standards (together with geographic restrictions) will be discovered right here. If On-chain staking just isn’t exhibiting as an choice in your account, you is probably not eligible.
  • *APR or Annual Proportion Return – the estimated charge of return on funding that takes under consideration the consequences of compounding rewards and topic to vary.
  • APR could differ between Bonded and Versatile staking choices, for extra info go to Overview of On-chain staking

Right here’s some extra details about the token:

Dymension (DYM) is a blockchain community identified for its RollApps. The blockchain focuses on the play-to-earn gaming and decentralized finance (DeFi) sectors, and is managed by the Dymension Hub. It enhances information dealing with by means of Information Availability Networks and gives a RollApp Improvement Equipment for builders. The community’s operations and consumer rewards system are anchored by the DYM token, which was initially distributed to the neighborhood by means of the Genesis Rolldrop, forming a key a part of Dymension’s strategic development within the blockchain sector.

Take a look at the Kraken Be taught Middle article The way to purchase Dymension to get began!

Will Kraken make extra property accessible?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s accessible tokens will be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which property we could also be making accessible sooner or later. 


These supplies are for common info functions solely and aren’t funding recommendation or a suggestion or solicitation to purchase, promote, stake or maintain any cryptoasset or to interact in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the value of any specific cryptoasset it makes accessible. Some crypto merchandise and markets are unregulated, and also you is probably not protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and it’s best to search unbiased recommendation in your taxation place. Geographic restrictions could apply.

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