Fees 1.00 %
Market Cap $5,571,896,120 Price$0.752
RewardsEvery checkpoint (20-60 minutes on average) When staking Matic for the first time, it takes approximately 12 checkpoints (2-12 hours depending on the congestion of the Ethereum network) for the delegation to show up in the Polygon web user interface. The minimum for withdrawing or reinvesting staking rewards is 2 MATIC. Unless this amount has been reached, the staking rewards are not claimable. The Withdraw Reward and Restake Reward buttons in the Polygon official staking user interface will likely be greyed out. This minimum is only for staking rewards, the staked tokens themselves can be unbonded at any time.
Lock-up period80 checkpoints (around 3-10 days on average, depending on protocol rules and the congestion of the Ethereum network)
CompoundingThe delegator needs to claim manually and restake manually to compound. The optimal compounding frequency depends on how much Matic the delegator stake and the gas fees to transact on Ethereum, which are very volatile.
Slashing riskSlashing is not yet implemented
Polygon (Matic) is a blockchain scalability platform that provides secure, scalable, and near-instant transactions via its Layer 2 commit-chain and an adapted version of Plasma. Polygon blockchain is Ethereum Virtual Machine (EVM) compatible and thus supports Solidity as a smart-contract language. Therefore, any application built on Ethereum in the past can be very easily ported to Polygon. In addition, most Ethereum wallets, such as Metamask, are compatible with Polygon. The project addresses blockchain-related issues such as high gas fees and slow speeds without sacrificing security. Polygon is more efficient than Ethereum as it is built on a Proof-of-Stake (PoS) algorithm. Transaction costs are negligible compared to the hefty gas fees currently being incurred to interact with Ethereum Dapps. Polygon’s native token is called MATIC. MATIC can be used to pay for transaction fees (gas), and it can also be staked. As Polygon is a PoS network, cryptocurrency holders staking their MATIC contribute to network security, decentralization and earn an attractive yield for doing so. In addition, token holders who do not want to run a validator can choose to delegate to a validator such as Stakin.
Learn about Polygon (Matic) (MATIC)
Why stake with us?• Solid infrastructure set-up to achieve 99.5%+ uptime with multiple geographically distributed sentries and backup nodes • Specific infrastructure dedicated to testing upcoming software and protocol upgrades • 1,000+ delegators have already chosen to stake their MATIC with Stakin • Polygon testnet participant since 2019 • Strong experience in running critical infrastructure for Mainnet Ethereum Layer 2 networks and scaling solutions • We offer dedicated support for all your staking, unstaking, and network-related questions