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Wednesday, February 21, 2024

Earn as much as 28% APR* while 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, which means there aren’t any community transaction charges for staking and unstaking or for claiming and withdrawing staking rewards. Moreover, Kraken makes it straightforward so that you can stake and unstake at any time, with no lockup durations.

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

Observe: 

  • An summary of eligibility standards (together with geographic restrictions) will be discovered right here. If On-chain staking shouldn’t be exhibiting as an possibility in your account, you might not be eligible.
  • *APR or Annual Proportion Return – the estimated fee of return on funding that takes under consideration the consequences of compounding rewards and topic to alter.
  • APR could fluctuate 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 recognized 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 Knowledge Availability Networks and affords a RollApp Growth Equipment for builders. The community’s operations and person rewards system are anchored by the DYM token, which was initially distributed to the group by means of the Genesis Rolldrop, forming a key a part of Dymension’s strategic progress within the blockchain sector.

Take a look at the Kraken Be taught Heart article Find out how to purchase Dymension to get began!

Will Kraken make extra belongings obtainable?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s obtainable 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 not reply any questions on which belongings we could also be making obtainable sooner or later. 


These supplies are for basic info functions solely and should not funding recommendation or a suggestion or solicitation to purchase, promote, stake or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the worth of any specific cryptoasset it makes obtainable. Some crypto merchandise and markets are unregulated, and also you might not be 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 is best to search impartial recommendation in your taxation place. Geographic restrictions could apply.

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