We’re thrilled to announce that Kraken now supports Dymension (DYM) staking!
Staking and funding
DYM trading and staking are live. Add DYM to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.
Stake your DYM and earn up to 28% APY* from the Earn section of your Kraken Pro account or from the Kraken Pro mobile app.
DYM staking on Kraken is gasless, meaning there are no network transaction fees for staking and unstaking or for claiming and withdrawing staking rewards. Additionally, Kraken makes it easy for you to stake and unstake at any time, with no lockup periods.
Note:
An overview of eligibility criteria (including geographic restrictions) can be found here. If On-chain staking is not showing as an option on your account, you may not be eligible.
*APR or Annual Percentage Return – the estimated rate of return on investment that takes into account the effects of compounding rewards and subject to change.
APR may vary between Bonded and Flexible staking options, for more information visit Overview of On-chain staking
Here’s some more information about the token:
Dymension (DYM) is a blockchain network known 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 data handling through Data Availability Networks and offers a RollApp Development Kit for developers. The network’s operations and user rewards system are anchored by the DYM token, which was initially distributed to the community through the Genesis Rolldrop, forming a key part of Dymension’s strategic growth in the blockchain sector.
Check out the Kraken Learn Center article How to buy Dymension to get started!
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
Source: https://blog.kraken.com/product/staking/earn-up-to-28-apr-when-you-stake-your-dym
