If you're looking to earn staking rewards on your Polygon (MATIC) tokens, you're in the right place. This guide will walk you through the straightforward process of staking MATIC tokens using a non-custodial wallet like MetaMask, Coinbase Wallet, or Trust Wallet.
Best Exchanges for Staking Polygon
| Exchange | Funding Methods | Cryptocurrencies | Countries |
|---|---|---|---|
| Coinbase | Debit/Credit, PayPal, ACH, Bank Transfer | 100+ | Worldwide |
| Kraken | Wire Transfer, ACH | 185+ | 150+ |
What is Polygon (MATIC)?
Polygon (MATIC) is a Layer 2 blockchain network built on Ethereum, functioning as a scaling solution with lower transaction fees. As a proof-of-stake digital asset, MATIC can be staked to earn rewards through validator nodes or delegation pools.
Step-by-Step Guide for MATIC Staking
Step 1: Access Polygon's Staking Platform
Visit Polygon's official staking platform and connect your MetaMask wallet.
Step 2: Select a Validator
Choose a healthy validator based on their commission rate and performance metrics. Click "Delegate" to proceed.
Step 3: Set Delegation Amount
Enter the amount of MATIC you wish to stake or click "MAX" to delegate all available tokens.
Step 4: Confirm Transaction
Review the delegation details and estimated fees. Confirm the transaction via MetaMask.
Step 5: Completion
Once confirmed, your MATIC will be staked, and you'll begin earning rewards.
Expected Staking Rewards
Polygon offers an annual yield of approximately 5%, minus validator commissions. Rewards are distributed every 34 minutes at each checkpoint.
Risks of Staking Polygon
- Smart Contract Risk: Potential vulnerabilities in staking pools.
- Lock-up Period: Staked MATIC cannot be sold immediately; unbonding takes 3-4 days.
👉 Learn more about staking safety tips
FAQ About Staking Polygon
Are there staking fees for MATIC?
Yes, validators charge a commission, typically ranging from 5-10%.
What is the minimum MATIC required to stake?
The minimum is 1 MATIC, though exchanges may have higher requirements.
Can I sell my staked MATIC?
No, staked tokens are locked until unbonded (takes 3-4 days).
How often are rewards paid?
Rewards accrue every checkpoint (~34 minutes) but may be compounded manually.
About the Author
Evan Jones is a cryptocurrency enthusiast with expertise in Ethereum-based projects and decentralized finance.
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