dYdX (DYDX)

dYdX is a decentralized derivatives exchange for digital assets. Users can permissionlessly trade perpetual futures on 36 different digital assets with low trading fees and access to leverage.

Meet With Us to Stake DYDX

Figment Validator Address:

dydxvaloper1d9e68e7glce5pehh8qk0gcx9l06tjeh0naz0r0

Market Cap

$105.2M

Staking Reward Rate*

0.34%

Price

$0.12

Auto-Compounding

No

Reward Frequency

28-day epoch basis

Activation

Immediate

Withdrawal

30 days

Slashing Penalties Enabled

Yes

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake dYdX With Figment?

• dYdX gives digital asset traders access to low-cost derivatives trading and leverage like a centralized exchange would, but with all the benefits that DeFi offers.
• dYdX is built with user experience as a first principle. For example, dYdX allows credit card purchases and bank transfers to buy USDC and immediately begin trading.
• Traders don’t have to give up custody of their assets or rely on dYdX’s standing to know their assets are safe.
• dYdX token holders earn rewards from trading fees on the exchange. Rewards are paid out in USDC, making it easier to track performance and payouts.

dYdX Staking FAQ

What is the name of the asset being staked? What is being used for?

The native token on dYdX network is called DYDX. DYDX is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism.

Where can I explore the network?

View the dYdX explorer here: https://dydx.l2beat.com/

How long does it take to stake and unstake?

Staking dYdX is instant. From the moment you initiate the unbonding process, it takes 30 days to unstake. During this time you will not earn rewards. Once the process is complete, you can transfer/trade your dYdX tokens.