What are the validators for more airdrops?
Dymension ($DYM) consists of a rapidly deployable, high-speed modular blockchain network known as RollApps. The project just completed an airdrop, and people who just staked 1 Celestia ($TIA) token could get thousands of Dymension ($DYM) tokens! However, even if you don’t get the Dymension ($DYM) token airdrop, it’s still a good idea to secure some tokens for staking. This is to ensure that, like Celestia, you are positioned to receive more airdrops in the future! Here is our Dymension ($DYM) token staking guide for more airdrops!
Check out our Dymension ($DYM) token staking guide!
What is Dimension ($DYM)?
Dymension is a groundbreaking blockchain network featuring modular blockchains known as RollApps. These RollApps act as frontends and provide users with a platform for a variety of applications, including gaming, decentralized finance (DeFi), and NFTs. At the heart of its operations is the Dymension Hub, which is similar to a backend server that coordinates network activity, manages requests from RollApps, and ensures cohesive functioning within the ecosystem. In its architecture, Dymension integrates a data availability network through Celestia, paralleling the role of a database in a traditional web setup. These networks improve efficiency and adaptability by providing temporary data storage. The Dymension RollApp Development Kit (RDK), based on the Cosmos SDK, complements this architecture. The kit facilitates the creation of RollApps by providing essential tools and pre-built modules to enable developers to efficiently build and deploy applications using their own client and server components. Dymension differentiates itself through its innovative consensus mechanism and interoperability features. RollApps delegates the consensus process to Dymension Hub, which maintains network integrity and manages state root updates. This delegation allows for fast transaction processing and high transaction throughput. Additionally, the network design promotes seamless interoperability within the Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol, creating a connected and collaborative ecosystem.
How to stake Dymension ($DYM) tokens for more airdrops
necessary time: 15 minutes
Here is a guide on how to stake Dymension ($DYM) tokens for more airdrops:
- Get Dymension ($DYM) tokens
Claim Dymension ($DYM) tokens. If you missed the airdrop, you can purchase Dymension ($DYM) tokens on exchanges such as Bybit.
Register your Bybit account here!
- Connect to Dymension Portal
Connect your wallet (MetaMask, Leap, Trust or Keplr wallet) to the Dymension portal (https://portal.dymension.xyz/dymension/stake). Also follow the steps to add the Dymension network to your wallet.
- Select a validator to delegate your Dymension ($DYM) tokens to.
Select a validator to delegate your Dymension tokens to. Avoid choosing validators associated with centralized exchanges. The validator will have the name of the exchange. We recommend delegating your Dymension ($DYM) tokens to ValiDAO validators, as we have announced an airdrop of ValiDAO ($VDO) tokens to all addresses that delegate $DYM to validators!
We also recommend delegating Dymension ($DYM) tokens to Enigma and Frens validators. Basically, it is recommended to delegate Dymension ($DYM) tokens to validators that use their own DAO. This is because validators are likely to create their own DAO tokens and airdrop them as rewards.
- Dymension ($DYM) token delegation
After selecting your validator, click “Stake”, select the amount of $DYM you want to stake, then click “Stake”. When you stake, your tokens are locked for 21 days. To regain access to staked tokens, you must go through the de-staking process.
- Track your validators
Track announcements from validators who have delegated $DYM. Follow our Twitter, Discord, and Telegram pages for announcements about additional airdrops.
Frequently Asked Questions (FAQ)
The reason we recommend the ValiDAO validator is because we announced an airdrop of ValiDAO ($VDO) tokens to all addresses that have delegated $DYM to the validator.
The best Dymension validators are those that have their own DAO. This is because they will likely create their own DAO tokens and airdrop them as rewards. To get the latest news about airdrop announcements, we recommend you follow their social media channels closely.
The amount of Dymension ($DYM) tokens to stake for the airdrop depends on the validator. Each validator has their own airdrop eligibility criteria.
