Stake your $DYM Tokens with Provalidator — Dymension
Introduction:
In the dynamic landscape of blockchain technology, Dymension emerges as a game-changer with its innovative Layer 1 blockchain architecture. At its core, Dymension seeks to establish a network of high-speed, modular blockchains known as RollApps, redefining the way decentralized applications (dApps) operate.
Dymension distinguishes itself by its unwavering focus on RollApps, specialized dApps built atop the Dymension Hub — the foundational layer ensuring security and liquidity. Unlike traditional Layer 1 networks that accommodate general-purpose applications, Dymension streamlines RollApps, offering standardized security and liquidity through its robust infrastructure. This results in faster, more scalable transactions compared to conventional mainnets, promising users a unified experience across various RollApps.
In summary, Dymension Blockchain represents a paradigm shift in the blockchain landscape, propelling RollApps and interoperability to the forefront of decentralized technology. With its emphasis on security, scalability, and user experience, Dymension paves the way for a more inclusive and interconnected blockchain ecosystem. As we embark on this transformative journey, Dymension stands poised to redefine the future of decentralized applications and blockchain interoperability.
In this comprehensive guide, we will walk you through the straightforward process of delegating your $DYM tokens with Provalidator, enabling you to harness the potential for earning impressive returns.
Follow these simple steps to embark on your journey to staking success.
Step-by-Step Staking Guide:
For this guide, we are using the Dymension Portal and Metamask.
Optional) Transfer your $DYM on Metamask to stake with Keplr wallet.
- Find your EVM compatible address for $DYM on Keplr Extension, by clicking Deposit and search for DYM and copy the address below that starts with 0x…
2. Send the preferred amount of your $DYM from Metamask to Keplr using the address above.
Step 1. Set-up a wallet and Fund your tokens
- Enter Dymension Portal and connect your wallet(Metamask, or Keplr).
2. Proceed to Staking page on the Dymension Portal, and search for Provalidator.
Step 2. Delegate to Provalidator
- Locate “Provalidator” and push the “Stake” button on the right. Then enter the amount of $DYM you want to delegate. After entering the amount, click on “Stake” below.
2. Once you have successfully delegated your $DYM, you can view your delegations in the top sidebar. From there, you will have the option to “Claim rewards” for the accumulated rewards.
About Provalidator
Provalidator is a professional Proof-of-Stake blockchain validator and decentralized infrastructure provider. We offer enterprise-level validation services to more than 30+ blockchain networks, safeguarding over $250 million (as of December 2022) in digital assets through our robust infrastructure. Our team has been operating validator nodes since 2018 starting with the Cosmos Hub, and is currently one of the most prominent validators in the Cosmos ecosystem.
At the heart of our operations is validator service, which are specialized servers or nodes in a blockchain network tasked with proposing, authenticating transactions, and incorporating new blocks into the blockchain. Our dedicated team is on standby around the clock, ensuring swift responses to any validator node concerns. We’ve implemented multi-layered security and monitoring systems to safeguard our infrastructure and prioritize interests of our delegators.
Our mission is to support blockchain infrastructure.
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Contact: business@provalidator.com
