At the forefront of blockchain innovation, Polygon has emerged as a dynamic force revolutionizing the landscape. Born as a layer 2 scaling solution for Ethereum, Polygon swiftly transcended its origins, evolving into a comprehensive framework that addresses Ethereum's scalability and usability limitations. Boasting a plethora of remarkable features, Polygon offers a seamless platform for decentralized applications (DApps) and smart contracts, with high throughput and low transaction costs.
As the blockchain narrative continues to evolve, Polygon's journey epitomizes the significance of adaptive technology and community engagement in shaping the future of decentralized systems.
A crucial facet of its success lies in MATIC staking, which not only bolsters network security but also empowers token holders to actively participate in consensus mechanisms, fostering a truly decentralized network. This article explores the intricacies of MATIC staking as well as offers step-by-step instructions for delegating it via Everstake’s website interface.
Why Stake MATIC?
Staking MATIC carries a twofold importance, serving as both a guardian of network integrity and a lucrative avenue for investors. Engaging in MATIC staking allows individuals to play a central role in fortifying the security and efficacy of the Polygon network, guaranteeing the smooth execution of transactions and smart contracts. This active involvement not only bolsters network health but also provides numerous compelling advantages:
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Staking reinforces network security by increasing the number of nodes actively participating in securing the network.
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Delegators contribute to network efficiency, enabling quicker and more cost-effective transactions.
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Stakers earn regular rewards in the form of MATIC tokens, offering a dependable source of passive income.
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Exposure to Network Growth: As the Polygon network expands and matures, stakers stand to benefit from potential appreciation in the value of MATIC tokens.
How To Stake MATIC With Everstake
Step 1: Access Everstake’s Polygon Staking Page
To engage in MATIC staking with Everstake, navigate to our Polygon native staking page.
Step 2: Link Your Wallet
Next, proceed to link your wallet by clicking Connect Wallet, located at the forefront or in the upper right corner. Among the noteworthy selections in this array are MetaMask and WalletConnect—an ingenious protocol that facilitates multi-wallet integration with DApps. This protocol extends compatibility to renowned wallets like Trust, Uniswap Wallet, Safe, Exodus, and several others.
For a comprehensive list of wallets supported by this protocol, you can explore the WalletConnect website.
To link your wallet through WalletConnect, simply choose it from the list of provided options. Then, either employ your mobile wallet's scanner to scan the displayed QR code or opt for one of the available desktop wallets from the list recommended by the protocol.
Step 3: Delegate
For MATIC staking on the Everstake platform, just input your desired delegation amount and proceed by clicking the Stake Now button. Following this step, you will need to confirm the transaction in your wallet.
When delegating MATIC, bear in mind that the staking procedure occurs on the Ethereum chain. Thus, it's necessary to have your MATIC in ERC-20 format, and for added security, allocate a provision of 0.05-0.1 ETH to cover associated fees.
To monitor your stake, access the Dashboard. Here, you gain not only insights into your active delegation and rewards but also the ability to stake additional funds, unstake your tokens, or claim your rewards. Importantly, when considering the withdrawal of your rewards on the Polygon network, it's essential to note that a minimum of 2 MATIC is required for this process.
Takeaway
Staking Polygon’s native token MATIC through Everstake’s website interface is one of the simplest and most convenient ways to delegate it and start earning your rewards. Combined with Everstake’s 0% validator fee, it also ensures that your rewards are higher. Finally, by staking MATIC with Everstake, you choose a reliable provider concerned with the blockchain’s healthy development and progress.
Stake your MATIC here.
