Dymension FAQ. Become an expert.

Published in

Cumulo.pro

5 min readMar 18, 2024

· 💈DYM
∘ ⌘ When was the exact TGE (Token Generation Event) date/time for DYM❔
∘ ⌘ Can we refer to incentives manager & community pool token allocation as circulating❔
∘ ⌘ What is the monetary policy of DYM❔
∘ ⌘ How token inflation works❔
∘ ⌘ What is the supply of Dymension❔
∘ ⌘ Private Round Information
∘ ⌘ How token unlocking will occur❔
∘ ⌘ Which DEX can I trade with DYM❔
· 💈STAKING
∘ ⌘ What is the current APY ❔
∘ ⌘ Is there a liquid staking protocol available for Dymension❔
∘ ⌘ Staking Dymension Guides
∘ ⌘ During the 21-day unstaking period, do I still receive rewards?
∘ ⌘ How to redelegate
· 💈HOW IT WORKS?
∘ ⌘ Is dymension built on top of celestia or is it its own thing?
∘ ⌘ How does a Dymension settlement layer work?
∘ ⌘ Are there already some RollApps running on the Dymension network❔
· 💈 RESOURCES
∘ ⌘ Where to start ❔
∘ ⌘ Where can I get more information?
∘ ⌘ Complete Dymension metrics
∘ ⌘ Relevant articles

💈DYM

⌘ When was the exact TGE (Token Generation Event) date/time for DYM❔

6th Feb 2024

⌘ Can we refer to incentives manager & community pool token allocation as circulating❔

Circulating supply is mentioned on metrics page of portal.dymension.xyz, you can also refer this document for all details about circulating supply.

🌐https://docs.dymension.xyz/learn/dymension/dym/distribution

⌘ What is the monetary policy of DYM❔

Dymension aims to achieve a long-term sustainable balance between supply (circulation and issuance of tokens) and demand (utility and value accumulation). Demand for Dymension is driven by three value accumulation mechanisms:

✔️ Burn: DYM tokens are systematically burned as part of bridges validation fees and protocol swap fees.
✔️ Transaction fees: All fees generated by the demand for blockspace are distributed between DYM validators and their stakers.
✔️ Block supply: RollApp bonds reduce DYM’s circulating supply, improving the security and stability of the network.

🌐https://docs.dymension.xyz/learn/dymension/dym/demand/

⌘ How token inflation works❔

The issuance of DYM tokens is a dynamic process based on the proportion of DYM tokens in staking relative to the total supply.

🌐 https://docs.dymension.xyz/learn/dymension/dym/supply/

⌘ What is the supply of Dymension❔

1,000,000,000 DYM

🌐https://docs.dymension.xyz/learn/dymension/dym/supply/

⌘ Private Round Information

Modular blockchain Dymension raises $6.7 million in private token round

Dymension, a modular blockchain protocol that leverages Cosmos's and Celestia's technologies, raised $6.7 million in a…

www.theblock.co

⌘ How token unlocking will occur❔

Validating participants in the incentivised testnet are subject to a 12-month lock-in, followed by a 24-month linear vesting.
The entire supply of tokens (both locked and unlocked) is eligible for staking.

🌐https://docs.dymension.xyz/learn/dymension/dym/distribution/#unlock-schedules

⌘ Which DEX can I trade with DYM❔

🌐 https://www.coingecko.com/en/coins/dymension#markets

💈STAKING

⌘ What is the current APY ❔

About 17.6%.

🌐https://www.mintscan.io/dymension

⌘ Is there a liquid staking protocol available for Dymension❔

🌐https://www.stride.zone/blog/airdrop-to-stdym-holders

⌘ Staking Dymension Guides

🌐 Staking DYM token in Portal

🌐How to Stake Dymension tokens with Keplr

🌐How to Stake Dymension tokens with Leap Wallet

🌐How to Stake and Auto-compound of Dymension with Yieldmos

🌐How to Stake and Auto-compounding of Dymension with REStake

⌘ During the 21-day unstaking period, do I still receive rewards?

No, you will not receive any rewards during the unstaking period.

⌘ How to redelegate

You can visit the Portal or Keprl website, after choosing the validator you have staked with, then click on “redelegate” to transfer your assets to a different validator.

🌐 https://wallet.keplr.app/chains/dymension

💈HOW IT WORKS?

⌘ Is dymension built on top of celestia or is it its own thing?

Dymension is a modular settlement layer chain based on the Cosmos SDK, which secures the rollapps deployed on top of it. Celestia, avail, near … they are the layers that RollApps deployed on top of dymension are using for data availability and block storage.

🌐https://medium.com/@dYmensionXYZ/vertically-scaling-the-cosmos-with-dymension-and-secret-network-2d573d6472fd

⌘ How does a Dymension settlement layer work?

A settlement layer is a modular blockchain whose primary function is to provide proof verification and dispute resolution for rollups. It can also provide other functions for rollups, such as a liquidity source or a bridging hub. The settlement layer independently builds its own batches, including transactions sent by the rollup, and publishes them.