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Dymension (DYM) staking and receiving airdrop is the easiest way. However, the most difficult part is understanding how this staking process will be done. Please remember that staking carries risks and it’s essential to conduct comprehensive research before proceeding.
How to Stake Dymension (DYM)?
Dymension (DYM) staking could be the easiest way to join the ecosystem and earn passive income. The most important thing for starting staking your DYM assets via the Dymension Portal is choosing the verified person, and considering the commission requested from you when choosing. When choosing these staking tools, it is possible to see that some take a commission in the band of 5%, while others take 20%. Another notable part is the “Voting Power” section. Although this section is not very important, the higher we choose, the more effective it will be in voting for us.
Visit the DYM staking portal on the official website.
You need a MetaMask wallet before starting the transactions. If you do not have a MetaMask wallet, you can set up by watching the video below.
After setting up MetaMask, it’s time to stake. Firstly, let’s buy our assets from a listed exchange of Dymension (DYM) and send it to our MetaMask wallet. Then, click here to transfer to the Portal. From the upper right, click the “Connect” button and connect our MetaMask wallet.
Now it’s time to choose the validator. It’s up to you which validator to stake. However, you should pay attention to the commission of the validator you will choose and “Voting Power”, i.e., voting strength.
After making your choice, click on the “Stake” button on the right side and select from the screen that appears how much DYM you want to stake. Then, you can exit the stake operation by confirming the transactions that come to your MetaMask wallet.
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