Dymension

Dymension

DYM
Market cap$484,364,863.00
Price$2.820
Est. APR10.57%Fee 8%

What is Dymension?

Dymension is an innovative modular blockchain platform enabling the development of application-specific blockchains called RollApps. The Dymension network resembles a full-stack web application, where RollApps serve as user interfaces, the Dymension Hub as the backend coordinator responsible for consensus and settlement, and decentralized data availability networks as data storage.

RollApps enable the creation of diverse blockchain applications. The Dymension Hub which resembles a traditional web server, orchestrates network activities and facilitates inter-app communication. It also includes an Automated Market Maker (AMM) for efficient token trading within the ecosystem.

The security and integrity of the Dymension network are upheld by a decentralized Delegated Proof-of-Stake blockchain, secured by the DYM token which is the native cryptocurrency of Dymension.

What is Dymension staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as DYM) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as DYM does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Dymension staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your Dymension (DYM) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin is one of the largest and most active IBC relayers in the Cosmos ecosystem already supporting 20+ Cosmos networks. We have been a Dymension operator since February 2023 (Dymension 35-C testnet) and a significant participant in governance.

There are several advantages when staking your Dymension (DYM) tokens with Stakin, such as:

  • Triple AAA-rated institutional staking provider by Staking Rewards

  • ISO 27001-certified staking provider

  • Tracking dashboard, to easily track and generate reports for the performance of your staked assets

  • Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

  • Dedicated support for all your staking, unstaking, and network-related questions

  • Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Dymension (DYM) Staking?

As an institutional-grade Dymension node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

  • Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

  • Integration with custodians, such as Bitgo and Fireblocks (via raw signing)

  • Information about potential airdrops that you may be eligible for by staking with us so that stakers can maximize your staking yield

  • Dedicated Account Manager to answer all your technical and commercial questions

  • Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

  • Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

  • Possibility to deploy, run and maintain dedicated Rollaps

  • Automated commission and reward management with clear reporting

  • 24/7 monitoring and alerting with a private dashboard for dedicated and whitelabel nodes

  • Free premium access to Stakin Dashboard which includes staking data visualization across any validator and premium historical data features (on selected networks)

How we support interoperability

Have more questions?

You can contact our team via social media or email:

For institutional investors, Stakin has partnered with leading custodian providers.

We can help you navigate your questions concerning staking, security, and risk management.

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