dYdX, built on its Cosmos SDK blockchain, offers advanced trading like perpetual contracts and margin trading, catering to diverse traders.
dYdX
dYdX is a decentralized exchange on its own blockchain built with the Cosmos SDK, focusing on advanced trading features like perpetual contracts, margin trading, and derivatives. It offers secure and efficient trading through smart contracts, combining traditional financial market mechanisms with the advantages of blockchain technology. The platform supports leveraged cryptocurrency trading in spot and futures markets, catering to both beginners and experienced traders.
Staking is an integral part of dYdX.
It is a process by which DYDX holders can earn rewards by validating transactions and blocks on the network. Validators must stake a certain amount of DYDX and run a validator node to participate in the staking process.
dYdX Protocol
dYdX, a blockchain-based protocol using Cosmos SDK, provides advanced trading options such as perpetual contracts and margin trading for a broad range of traders.
With Nocturnal Labs as your trusted validator, staking your DYDX becomes effortless. By delegating to us, you're not only supporting validator nodes but also positioning yourself to earn rewards from our dedicated service. Delegate your DYDX with Nocturnal Labs and be a part of our journey.
How to
Stake your assets on Nocturnal Labs Validator
Navigate to your Wallet Dashboard on Keplr
Head over to https://wallet.keplr.app/chains/dydx
Select the "dYdX" chain
Search for "dYdX" and click on the row
Search for "Nocturnal Labs" in the validator section
Search & Click on "Nocturnal Labs" in the validator section
Select the amount of DYDXs you'd like to stake.
Press the "Stake" button and adjust the slider to the amount of DYDXs you would like to stake & delegate to "Nocturnal Labs"
Confirm the transaction and wait for the staking process to complete.
Submit & confirm the transaction and the staking & delegation process will be complete!
Once complete, you will receive your rewards for staking DYDXs.
You will now receive rewards from staking & delegating your DYDXs Tokens with Nocturnal Labs!