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Dynamic (DYN) is not listed as a staking asset on Staking Rewards. You can still convert token prices, calculate reward rates and compare against rewards earned for other top staking assets.Learn more about Dynamic Staking
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What is Dynamic (DYN)?
Dynamic(DYN) allows fast, secure, verifiable transfers of data using blockchain technology and enables third-party developers to build low-cost solutions across varied industries using the BDAP protocol. Dynamic utilises Proof-of-Work, and can be used to run incentivized Dynodes; the second tier of nodes on the network used for BDAP, the DHT, and processing, verifying, validating, and storing data.
What is a Dynamic Masternode (Dynode)?
The Dynamic network is a hybrid product that combines two different blockchains. We have Sequence which is a Proof of Stake coin that rewards users for supporting the network, which provides data-redundancy and verification for the other network – Dynamic. Dynamic, on the other hand, enables Blockchain-as-a-Service (BaaS), which allows customers and businesses to easily deploy their own blockchain networks.
To support this endeavor, there are Dynamic masternodes (also known as Dynodes) which require 1,000 DYN to be invested. In return, operators receive regular masternode payouts.
How much can I earn running a Dynamic Masternode
Once you lock your coins and make them unusable by placing them into a masternode address, you become an active Dynode operator. The project’s ROI is considered stable, thanks to the dynamic circulation of the coins in the network.
All this provides an annual rate of 14.6%. In any case, the block time is fluctuating, because it depends on the number of Dynodes on the network. The average number of blocks on a daily basis at the moment is 720. Mathematically, if we accept there are 2000 rewards, this means there’s a Dynamic masternode payout every 3 days. On top of that, you’ll need to add an additional 3 days for your payment to be processed.