Prime

COSMOSDYDX staking guide on Coinbase Prime

Limited Support for COSMOSDYDX Staking Rewards

Staking dYdX earns staking rewards denominated in both the native token and in USDC on dYdX chain. Coinbase Prime does not currently support USDC on dYdX chain. While this portion of your staking rewards is earned at the network level, it will not be withdrawable or accessible through Coinbase Prime unless USDC on dYdX is supported by Coinbase Custody. Any future asset support on Coinbase Custody is subject to internal review and approval and availability may be based on custodian entity and customer jurisdiction.

Ability to stake when using the following entity:

  • Coinbase Custody Trust Company, LLC: Yes

  • Coinbase Custody International, Ltd.: Yes

  • Coinbase Inc.: No

  • Validator types that you can use to stake asset on Coinbase Prime:

    • Coinbase Cloud public validator: Yes

    • Coinbase Cloud dedicated validator: Yes (at a premium price)

  • Active set minimum requirement (Validator Min.):  No minimum, 60 validators in active set at genesis 

  • Delegation minimum requirement (Prime UI Min.): No Minimum, however this number may vary post genesis

    • Minimum amount to restake: ~300 COSMOSDYDX

  • Staking maximum: No Maximum

  • Estimated rewards rate: TBD - rewards rates vary - visit https://www.stakingrewards.com/cryptoassets* for current estimated reward rates

  • Estimated reward payout: Every one block if validator is in the active set - rewards may not settle in specified account for an additional duration depending on network conditions and batching of rewards

  • Delegator reward compound: 

    • Manual: Rewards earned must be manually re-staked (without un-staking existing funds)

*Third-party website provided for information only. Coinbase hasn't verified and doesn't guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on www.stakingrewards.com.

  • Warm up period: None

  • Unbonding period: 30 days

Staking Functionality:

  • Ability to un-stake assets: Yes

  • Ability to partially unstake wallet: No

  • Ability to partially stake wallet:  No

  • Ability to change validator without un-bonding and restaking: Yes

  • Ability to add new principal funds to a staked wallet: 

  • Move or unstake: Net new principal funds added to a staked wallet can’t be staked unless you unstake the previously staked balance and then restake the full new balance. You won’t generate rewards when you unstake assets due to the unbonding period. Alternatively, to ensure you continue generating rewards on your previously staked COSMOSDYDX, you can create a new wallet to stake new funds.

  • Ability to stake to multiple validator addresses in one wallet: No

  • New wallets can be created to stake to different validators

Fees charged when using the following validator types:

  • Coinbase Cloud public validator: 10%

  • Coinbase Cloud dedicated validator: Subscription, participatory, and service fees vary. Reach out to your Sales Representative for more information.

  • Consensus requirements: General consensus approvals required for all staking activities.