Stake
Last updated
Last updated
Staking MATIC or POL allows you to participate in the Polygon network's consensus (securing the network) and earn rewards in the form of newly issued POL tokens. It's a way to generate passive income from your current MATIC or POL holdings.
Liquid staking provides you with a representative token (like MaticX) that can be traded or used in DeFi protocols while still earning staking rewards. This significantly enhances the liquidity and utility of your staked assets.
Minimum limit - The minimum amount that can be staked with Stader is 0.0001 POL or 0.0001 MATIC.
Maximum limit - There is no upper limit on the amount of MATIC or POL which you can stake on the Ethereum network. However, for Polygon network, the staking limit is displayed on the UI.
The number of MaticX tokens you receive depends on the amount of MATIC or POL you stake and the current MaticX-to-MATIC+POL exchange rate. For a simple calculation, you will receive MaticX tokens equal to the amount of MATIC or POL staked divided by the exchange rate. For example, if you stake 10 POL and the current exchange rate is 1.2, you will receive 10 divided by 1.2, which equals 8.33 MaticX.
If you have not imported MaticX as a token in your wallet, you can do so by clicking the “Add MaticX” button above the input box on the Stader-Polygon dApp. After clicking this button, you just need to provide confirmation/approval from your wallet, and MaticX will be imported and visible in the list along with other tokens. Please note that you will need to perform this action separately for the Ethereum and Polygon networks.
On Ethereum Network:
Staking: Users can stake with both MATIC and POL to receive MaticX.
Unstaking: During unstaking, users will receive tokens only in POL, regardless of whether they initially staked MATIC or POL.
On Polygon Network:
Staking: Users can stake with POL to receive MaticX.
Unstaking: During unstaking, users will receive POL.