Stake Versus-X (VSX)
with Simply Staking

Polygon (formerly known as Matic Network) is a layer 2 scaling solution for Ethereum that aims to improve transaction throughput and reduce fees. It provides a framework for building and connecting Ethereum-compatible blockchain networks, enhancing the scalability and usability of the Ethereum ecosystem.

Polygon enhances Ethereum’s scalability by using sidechains and Layer 2 scaling techniques, such as Plasma and zk-rollups, to handle transactions off the Ethereum mainnet. This reduces congestion and lowers transaction costs while maintaining security and decentralization.

MATIC is the native cryptocurrency of the Polygon Network. It is used for staking, governance, and paying transaction fees within the Polygon ecosystem. MATIC tokens help secure the network, facilitate transactions, and participate in network decisions.

You can stake MATIC tokens directly via Simply Staking by clicking the "Stake" button above. This allows you to delegate your tokens to a validator, contributing to the network’s security and earning rewards in the process.