November 13, 2024
How to stake Polygon
Polygon Staking Guide
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STAKE TOKEN
Polygon (POL)
Polygon is a leading Layer-2 scaling solution for Ethereum, delivering fast, low-cost, and secure transactions for decentralized applications.
APR 2.85%
Total Stake
273.28KPOL
$52.96KUSD
Market Cap
2.04BUSD
Token Price
0.1938 USD
How many POL do you want to stake?
Delegation Amount
640 POL
$0.00
Daily Earnings
0 POL
$0.00
Monthly Earnings
0 POL
$0.00
Yearly Earnings
0 POL
$0.00
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Network Introduction
Polygon is a scaling solution for Ethereum that improves its speed, efficiency, and transaction costs by using a Layer 2 infrastructure. It offers a flexible framework for building and connecting Ethereum-compatible blockchain networks, making it easier for developers to deploy decentralized applications (dApps) with enhanced performance.
Polygon reduces gas fees by processing transactions on its Layer 2 network rather than directly on the Ethereum mainnet. This off-chain approach lightens the load on Ethereum, allowing for faster and more cost-effective transactions while preserving the security of the Ethereum blockchain.
Polygon supports a wide range of decentralized applications, including DeFi protocols, NFT platforms, gaming dApps, and Web3 projects. Its EVM (Ethereum Virtual Machine) compatibility makes it easy for developers to build or port Ethereum-based applications to Polygon with minimal modifications.
Yes, Polygon prioritizes security through a combination of Ethereum's Layer 1 security and its own consensus mechanisms on Layer 2. Polygon’s Plasma framework and its Proof-of-Stake (PoS) validators safeguard transactions and assets on the network, ensuring users experience a secure and reliable blockchain environment.
POL is the native token of the Polygon network, used for transaction fees, staking, and governance. By staking POL, users can help secure the network and earn rewards, while developers use POL to power transactions and deploy smart contracts within the ecosystem.
Developers can start building on Polygon by accessing its developer documentation and SDKs for creating scalable dApps. Users can get started by connecting a compatible wallet, such as MetaMask, to access Polygon-based applications or transfer assets from Ethereum using the Polygon Bridge for low-cost, high-speed transactions.
Staking MATIC helps secure the Polygon network and enables you to earn rewards while supporting decentralization. Simply Staking makes the process easy, secure, and transparent.
Connect your wallet to our Polygon Staking Dashboard (find the link above), click Delegate, connect your wallet and select the amount of MATIC to delegate, and confirm your transaction. Our validator manages performance and uptime for optimal rewards.
Staking rewards depend on validator performance, total network participation, and inflation rates. You can view the latest APY on the Simply Staking dashboard in real time.
Yes, Polygon sets a small minimum staking threshold. Simply Staking allows users of all sizes, from retail to institutional, to stake easily.
When unstaking, your MATIC enters an unbonding period (usually a few days) before it becomes available again. During this period, tokens don’t earn rewards but remain secure.
Yes. The Ledger hardware wallet supports Polygon via third-party integrations like MetaMask and Polygon apps, allowing you to manage MATIC securely with cold storage.
Open MetaMask → click “Add Network” → choose Polygon or manually enter the RPC details: - Network Name: Polygon Mainnet - RPC URL: https://polygon-rpc.com - Chain ID: 137 - Currency Symbol: MATIC - Block Explorer: https://polygonscan.com
You can buy MATIC on major exchanges (Binance, Coinbase, Kraken) and then transfer it to your Polygon wallet address using the Polygon network option.
Polygon achieves transaction finality in about 2 seconds, with low fees typically under $0.01, making it one of the fastest and most cost-effective networks for DeFi and staking.