# DyDx (DYDX)

## Validators

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<table><thead><tr><th width="121" align="center">Name</th><th align="center">Address</th></tr></thead><tbody><tr><td align="center">Kiln Staking Contract</td><td align="center"><a href="https://www.mintscan.io/dydx/validators/dydxvaloper1u9xeaqdjz3kky2ymdhdsn0ra5uy9tc3elj2jte">dydxvaloper1u9xeaqdjz3kky2ymdhdsn0ra5uy9tc3elj2jte</a></td></tr></tbody></table>

*Note : Staking happens on the dYdX Cosmos App-chain, not on Ethereum*\
*You can bridge your assets* [*here*](https://bridge.dydx.trade/)
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## Overview

| Metrics                           | Value                                                                                                                                                                                                                                                                                                                               |
| --------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Stake activation time**         | Instant                                                                                                                                                                                                                                                                                                                             |
| **Auto-compounding**              | Disabled on Kiln Dashboard as DYDX rewards paid in USDC cannot be automatically converted to DYDX.                                                                                                                                                                                                                                  |
| **Unbonding time**                | 21 days                                                                                                                                                                                                                                                                                                                             |
| **Re-delegating activation time** | Redelegation is instant, but creates a cooldown. After moving stake from a source validator to a destination validator, you can’t redelegate from this source or target validator until the chain’s unbonding period ends.                                                                                                          |
| **Rewards frequency**             | <p>First rewards: next block once stake is active (0-1 second). <br></p><p>Rewards frequency: every block (1 second). </p><p></p><p>Last rewards: last rewards earned before unstaking.</p>                                                                                                                                         |
| **Active set**                    | Top 60 by voting power                                                                                                                                                                                                                                                                                                              |
| **Slashing**                      | <p>Yes. <br><a href="https://dydx.exchange/blog/v4-rewards-and-parameters">Downtime and double-signing</a> are both eligible for slashing. When a validator double-signs they are removed from the validator set and are unable to join again. Slashing actual staked tokens is enforced by governance and currently set to 0%.</p> |

## Staking workflow

<table data-header-hidden><thead><tr><th width="348">Parameter</th><th>Value</th></tr></thead><tbody><tr><td><strong>How does staking work?</strong></td><td>On Cosmos chains such as dYdX, token holders choose a validator to delegate a select amount of tokens to. The delegator initiates a delegation transaction, which involves locking their tokens in a smart contract. These tokens are then counted towards the validator's total stake.</td></tr><tr><td><strong>What is the staking process?</strong></td><td>After the delegation has been initiated, DYDXs are changed to validator shares of the validator you delegate to.</td></tr><tr><td><strong>Do funds move out to another wallet?</strong></td><td>Staked DYDXs are not part of the balance anymore, but they don’t go to another address.</td></tr><tr><td><strong>Can I keep staking/unstaking from/to the same wallet?</strong> </td><td>Yes, you can increase the staked amount or unstake part of it at anytime.</td></tr><tr><td><strong>Can I select how much of my wallet balance I want to stake?</strong></td><td>Yes, you select the amount of tokens you want to stake to earn rewards.</td></tr><tr><td><strong>How do I unstake?</strong></td><td><p>You can unstake by unbonding your funds. After you initiated the process:<br></p><p>• You stop receiving staking rewards</p><p>• It will take 21 days for the amount to be liquid</p><p>• But you will be able to cancel the unbonding process anytime, as this chain currently supports the function</p></td></tr><tr><td><strong>Can I unstake part of the staked balance?</strong></td><td>Yes, you can select the amount of tokens you want to unstake (this takes 21 days).</td></tr><tr><td><strong>How is my balance computed at epoch N for the rewards distribution?</strong></td><td>The balance computed at block N for the rewards distribution is the balance at block N.</td></tr><tr><td><strong>What is the slashing risk on dYdX ?</strong></td><td>Downtime: During a block window (8,192 blocks) if a validator signed less than 20% of the blocks, he will get jailed for 2h but will not be slashed. No rewards can be earned during that jail time.<br><br>Double signing: When a validator attests to two different blocks, it will face slashing. Stakers who have delegated to the slashed validator will not incur a reduction in their stake but the validator won't ever be able to earn rewards again.<br><br>Delegators will have to redelegate to another validator in order for their stake to earn rewards again.</td></tr><tr><td><strong>How is commission paid?</strong></td><td>Commissions are paid to the validator at the same frequency than the reward distribution (every block).</td></tr></tbody></table>