With its upgrade to the 3D ecosystem, Dymension has various new earning opportunities for the RollApp users who create and execute various blockchain-based applications and games in its testnet. All the participants, including the regular users, stakers, node programmers, and other DYM holders who contribute to the ecosystem will be rewarded.
The usual rewards are exclusively for the users who hold DYM tokens and partake in the ecosystem in various roles such as liquidity providers and node operators. For example, if a user does a transaction of 1000 USDC, the liquidity provider will get 1.2 USDC and the operator will get 0.30 USDC.
Let’s get into the complete details of Dymension’s earning mechanism, including various earning opportunities and the methods to be involved in them. We will also cover Dymension’s potential value in the future and check the genuineness of the platform.
What Is Dymension?
Launched on February 6, 2024, Dymension is a network of RollApps, applications that act as modular blockchains that mimic the functions of regular blockchains. The network facilitates the execution of transactions off-chain to increase scalability, security, liquidity, and connectivity.
Users can build NFT platforms, trading ecosystems, games, or other blockchain-based systems through Dymension. It acts as a coordinator for the RollApps using the Inter-Blockchain Communication Protocols (IBC), the battle-tested bridging algorithms.
The new upgrade, the 3D playground, is now in its testnet phase, and both mobile and PC users can access it and engage with it while earning various rewards. Let’s get into the details.
How To Earn From Dymension?
- Dymension 3D: The platform’s 3D upgrade has made various changes in the earning mechanism, mainly in liquidity and transactions. 50% of the transaction fees will be allocated to the RollApp creators as royalties. Also, the operators can earn with the RollApp infra. The upgrade has faster withdrawals.
- Staking: Users can bond their DYM tokens to validators to earn staking rewards. Only the users who bond with the top 125 validators will be able to receive rewards. All the stakers can earn newly launched tokens as a bonus and also a portion of the gas fee. Stakers can also participate in the decision-making processes of the ecosystem through voting.
- Endorsements: The DYM holders can endorse specific liquidity pools or RollApps to get extra rewards. The RollApp team should allocate a certain amount of DYM to distribute as rewards. That will be transferred to the user according to the contributions. User must bond their tokens before generating rewards and un-bond the position at the time of withdrawal.
- Earn By Running Node: Instead of the traditional working of blockchain by users running nodes to process withdrawal, operators run Roller in Dymension to earn a fee. Users can become operators by holding a specific amount of DYM. The operator fee is 20% of the liquidity pool tip.
Eligibility Criteria For The Dymension Airdrop
As a platform focused on the creation of RollApps, the interested users can participate are earn rewards. Although there are no special eligibility criteria, it is better to skip this airdrop if you are not interested in it.
Is This Airdrop Free?
The Dymension earning system demands you to hold specific amounts of DYM to partake in its activities. So, you have to connect a DYM-funded wallet. That means the airdrop is not free.
Step-By-Step Guide To Claim The Dymension Airdrop
- Open the Dymension App through your PC or smartphone and visit its 3D playground interface. Double-check the URL and confirm that you are on its authentic website.
- Connect your wallet using providers such as Keplr, MetaMask, or Leap. If you are using a smartphone, access the website through the Kiwi browser. Or else, you can sign up through Google or X (Twitter).
- Engage with the platform and start earning. Make sure to purchase some YM first. If you have basic RollApp skills and creativity, register an app to earn extra income.
How To Withdraw Your DYM Earnings?
All the rewards will be allocated to your wallet. You can connect it to a DEX or send the DYM tokens to a centralized exchange to cash out. The CEXs that facilitate DYM trading include Binance, Bybit, Bitget, Kraken, KuCoin, HTX, MEXC, Gate.io, and Bitfinex. Also, you can swap via Osmosis DEX
Dymension Airdrop Launch & End Date
Released on November 28th, 2024, the Dymension 3D testnet is live, and users can engage with it and earn until the release of the mainnet version. However, the exact dates are not yet revealed by the network. You can follow its social media profiles to connect with the latest updates regarding key dates.
Final Thoughts: Is Dymension A Trustable Airdrop?
Dymension is a platform trusted by various experienced Web3 programmers and creators and backed by reputable institutional investors. It has been in the Web3 realm for around two years and provides a safe and secure environment for users.
The web3 environment should always be looked through a skeptical eye, so we suggest you do your research to verify Dymension’s trustworthiness. At the moment of writing this, the DYM token has a market capitalization of 326.96 million dollars.
