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, choosing 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 cell app.
DYM staking on Kraken is gasless, that 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 intervals.
| Bonded Staking Vary | 15-35% APR |
| Versatile Staking Vary | 5-15% APR |
Observe:
- An summary of eligibility standards (together with geographic restrictions) might be discovered right here. If On-chain staking is just not displaying as an choice in your account, you will not be eligible.
- *APR or Annual Share Return – the estimated price of return on funding that takes into consideration the results 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 knowledge dealing with via Knowledge Availability Networks and affords a RollApp Improvement Package for builders. The community’s operations and person rewards system are anchored by the DYM token, which was initially distributed to the group via the Genesis Rolldrop, forming a key a part of Dymension’s strategic development within the blockchain sector.
Take a look at the Kraken Study Middle article Find out how to purchase Dymension to get began!
Will Kraken make extra belongings out there?
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 out there tokens might 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 out there sooner or later.
These supplies are for common info functions solely and will not be funding recommendation or a advice 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 explicit cryptoasset it makes out there. Some crypto merchandise and markets are unregulated, and also you will 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 you must search unbiased recommendation in your taxation place. Geographic restrictions could apply.
