dSP

How to Buy Swarm S&P 500 ETF Token (dSPY)

This guide walks you through buying Swarm S&P 500 ETF Token (dSPY), a stocks asset on Swarm Markets currently earning 0.00% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in dSPY, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports one of the following chains: ethereum, polygon. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

dSPY is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Swarm Markets requires identity verification (KYC) before you can invest in dSPY. Visit the Swarm Markets platform to complete verification. This typically takes 1-3 business days and requires a government-issued ID and proof of address.

4

Connect to Protocol

Visit the Swarm Markets platform at https://swarm.com and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select dSPY from the available products and enter the amount you want to invest. Review the current APY (0.00%), any fees, and redemption terms before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in dSPY?

Start earning 0.00% APY on Swarm Markets today.

Frequently Asked Questions

What is dSPY?

BaFin-regulated tokenized S&P 500 ETF enabling 24/7 on-chain trading with insolvency protection. Part of Swarm's suite of compliant tokenized securities.

What APY does dSPY currently offer?

dSPY currently offers 0.00% APY. The 7-day average APY is 0.00% and the 30-day average is 0.00%. Yields can fluctuate based on market conditions.

Is KYC required to buy dSPY?

Yes, Swarm Markets requires KYC verification to invest in dSPY.

What chains is dSPY available on?

dSPY is available on ethereum and polygon.

dSPY Overview

Current APY
0.00%
TVL
$5.00M
Min Investment
None
KYC Required
Yes
Chains
ethereum, polygon
Risk Level
medium risk
Audit Status
audited