With a mission to scale Ethereum, Polygon has been one of the fastest-growing blockchain ecosystems in the world. Polygon’s use cases span Decentralized Finance (DeFi), gaming, and non-fungible tokens (NFTs). In total, Polygon is a suite of about a half dozen protocols that each have a different focus within the world of Layer-2 technology that helps to scale Ethereum. Polygon has announced it is working with Starbucks, Disney, and Reddit across a wide range of projects. Additionally, developers use Polygon because it provides a cost effective test environment for Ethereum-built applications.
4.53% APR*
Price: $1.31
Market Cap: $11.44B
Minimum Tokens Needed: 1 MATIC
Lock-up Period: ~3-4 Days
StakeSeeker Fee: 0%
Payout Frequency: Weekly
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*Stated Annual Percentage Reward (APR) is estimated based on reported network data. APR stated is not guaranteed and may fluctuate overtime.

Learn More About Polygon

What is Polygon (MATIC), and what is it used for?

MATIC is used to pay transaction fees, distribute staking rewards, and make governance decisions on Polygon’s Proof-of-Stake blockchain. Polygon’s main focus is to build highly scalable and interoperable solutions that are Ethereum-compatible.

What are Polygon staking rewards?

Staking rewards in the form of native blockchain tokens (MATIC) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest Polygon staking reward figures.

What are the costs of staking Polygon?

StakeSeeker charges a small percentage-based fee (stated above) allocated towards the administerial 24/7 maintenance and monitoring of our staking infrastructure required to operate our validators effectively and securely. The rewards distributed to our community will be a net of the validator fee charged.

Is staking Polygon secure?

When MATIC is staked, it’s actually being delegated to a validator. In our case, StakeSeeker facilitates the role of the validator. Similar to staking tokens on any other protocol, staking MATIC comes with certain risks. If any downtime is experienced, or if a validator misses another part of the necessary requirements, then a percentage of the staked MATIC can be lost as a penalty (known as “slashing”). StakeSeeker monitors its nodes 24/7 and has an excellent track record that minimizes these risks.

What are the current use cases of Polygon?

Polygon’s robust range of use cases includes powering the Web 3.0 arm of some of the world’s largest tech and consumer companies, including Reddit, Starbucks, and Coca-Cola.

How long does it take to unstake Polygon?

Unstaking (also called unbonding or undelegating) can be initiated at any time. However, it takes approximately 3-4 days for your MATIC to unstake from the network and become transferable. Specifically, MATIC’s unbonding period is 80 checkpoints, with each checkpoint taking ~3 hours. During this time, you will not earn rewards. When the process is complete, you regain the ability to transfer/trade your MATIC tokens.

What is the minimum amount of Polygon to stake?

You can stake as little as 1 MATIC, but remember to keep some MATIC token unstaked in your wallet to pay for any potential future transaction fees.

What are the risks of staking Polygon?

Like many blockchain protocols, the consensus mechanism used by Polygon includes a slashing mechanism whereby any validator that misses too many blocks or double signs a block is penalized by the network, slashing the staked amount on that validator. StakeSeeker is run by Nasdaq listed BTCS Inc. which has its own tokens staked on the same validator nodes, so we are highly incentivized to minimize these risks and maximize our staking reward. However, delegators should be cognizant of these risks.

How do I get started staking Polygon?

To begin staking Polygon, click the “Sign up for StakeSeeker” button at the top right, create an account with StakeSeeker and gain access to the platform’s crypto portfolio insights. Then, you can begin staking with our validator nodes by delegating your tokens. Within the platform, there are instructions and tutorials on how to link your crypto exchange accounts and digital wallets and how to navigate the platform’s tools. You can view our supported blockchain networks for staking on our homepage.

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