The Ethereum blockchain has its limitations e. g. low throughput, high gas fees, a delayed PoW finality, etc. The problem of scalability has become more and more challenging. Therefore, there is a great need for projects that can quickly, securely, and exquisitely solve this problem.
One of the best projects that most successfully cope with all the imperfections of Ethereum is Polygon. Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
If you want to know more about the Polygon Network, read our article:
Polygon (Matic Network) Overview: Scaling the Ethereum Blockchain
This guide will show you how to stake your MATIC assets in TokenPocket using the Polygon bridge.
TokenPocket is one of the popular multi-chain Crypto and DeFi wallets. Since its launch in 2018, it has provided trusted digital asset management services to over 10 million users worldwide. TokenPocket has become the most competitive wallet on public chains such as Bitcoin, Ethereum, Binance Smart Chain, Huobi ECO Chain, Polygon, TRON, OEC, Polkadot, Kusama, EOS, and Layer 2, as well as a must-have wallet for current DeFi users. The wallet’s private key is stored on the user’s device and never uploaded to the server, giving the user full control of the crypto assets.
If you don’t have a TokenPocket wallet yet, download the App Store or Google Play app on the official TokenPocket website.
Staking via TokenPocket mobile app
Important! MATIC staking is live on the Ethereum chain. For this, choose the ETH-1 chain.
In the Assets tab, you will find all the assets you have on your ETH address. For staking MATIC, you will need Ethereum (to pay commissions) and MATIC as well.
Then go to the Discover tab.
There you need to find the Polygon Bridge to connect to the Polygon wallet and start staking. If you don’t see the Polygon Bridge, please search it in the searching bar.
Great! In the open menu, scroll down to choose Polygon Staking.
To start staking click please on Become a Delegator.
The next important step is selecting the validator.
Note: Choose only a reliable and trusted validator. We recommend Everstake as a notable staking provider led by a team of professionals in IT and Fintech with successful traction over three years in the industry, providing 99.99% of the nodes’ uptime. A total of more than 460 000 customers worldwide have already staked with Everstake circa $6 billion of their crypto assets in 45 various blockchains.
In the search bar type the name of the preferable validator, for example, Everstake, and click Delegate.
Then to connect to your Mobile Wallet, click Connect.
Carefully check the Authorized Wallet and read the following info. Once everything is checked click on the Confirm the Auth button.
Also, Confirm the signature request.
Verify the password.
In case, if you have already staked the MATIC tokens using this Wallet your obtained rewards will be immediately transferred to your account once you delegate more MATIC tokens to the same validator. Please click Continue.
Now it’s time to choose how many MATIC tokens you want to delegate. For this, enter the desired amount into the space or click MAX if you’re going to delegate all your MATIC assets. In this step, you will also see the estimated transaction fee. Make sure you have enough ETH to pay for it.
If everything is done click Continue.
The last step in MATIC stacking remains. You will need to click Delegate to finish the delegating process and start earning rewards. Again you need to have enough ETH to cover the cost of the transaction fee.
Congratulations! You have successfully delegated your MATIC tokens with Everstake. Now you will be earning rewards!
Our team of experienced developers, financial experts, and blockchain enthusiasts is always concerned about the convenience and security of user service on more than 40 blockchains. To stay up to date with all Polygon Events and updates and receive 24/7 support, you can contact our Polygon Blockchain Manager on Twitter.
