Polygon zkEVM Mainnet Beta Is Now Live
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Anyone can use MATIC tokens to help safeguard the network and earn rewards.
23,047 DELEGATORS PARTICIPATED
$617.39M REWARDS DISTRIBUTED
Why stake on Polygon?
Earn Rewards 12% of the total supply of 10 billion MATIC is allocated to fund staking rewards. As a validator, you set your own commission for accepting delegations to your node. There are also annual incentives available!
Stake Sustainably You do not need to use energy-intensive computers to stake, which lessens the environmental impact. Each node consumes only 546.07 kWh per year.
Build the future Polygon PoS is one of the most used protocols in the world and continues to grow. By staking, you can help to build the technology of Web3.
How to stake? Polygon PoS chain is run on the Proof of Stake mechanism. Anyone can seek to become a validator on the mainnet.
Check how much reward you can earn with your MATIC
4.67% CRP
current reward percentage
Validator Performance Metric Validator Performance Metric helps in self-regulating network participation to an agreed set of parameters through:
Setting up a Performance Benchmark for a measurement period Identifying healthy and under performing validators Initiating communication with under performing validators for remedy Showcasing validators' performances regularly Initiating off-boarding of unhealthy validators from the network Frequently Asked Questions Polygon PoS is an EVM compatible Layer 2 scaling solution that utilizes a decentralized network of Proof-of-Stake (PoS) validators. The chain uses a POS consensus mechanism to process transactions.
What is Proof of Stake (PoS)?
Proof of Stake is a system in which the blockchain network aims to achieve distributed consensus. Anyone with sufficient amount of tokens can lock up their cryptocurrencies and the economic incentive lies in the shared value of the decentralized network. The individuals staking their cryptocurrencies validate transactions by voting on the same while consensus is achieved when a transaction or a set of transactions in a block or a set of blocks in a checkpoint receives enough votes. The threshold uses the weight in terms of stake that comes with every vote. For instance, in Polygon, consensus is achieved for committing checkpoints of Polygon blocks to the Ethereum network, when at least ⅔ +1 of the total staking power vote for this.
What role does Proof of Stake play in the Polygon Network architecture?
The Proof-of-Stake layer in the Polygon architecture serves the following 2 purposes: 1) acts as an incentivization layer for maintaining liveness of the Plasma chain, chiefly mitigating the thorny issue of data unavailability; 2) implement the Proof of Stake security guarantees for state transitions not covered by Plasma.
How is Polygon PoS different from other similar systems?
It is different in the sense that it serves a dual purpose — providing data availability for the Plasma chain covering state transitions via Plasma Predicates, as well as Proof-of-Stake validation for generic smart contracts in the EVM. The Polygon architecture also separates the process of block production and validation into 2 distinct layers. Validators as block producers create blocks, as the name suggests, on the Polygon chain for quicker (> 2 secs) partial confirmations while the final confirmation is attained once the checkpoint is committed on the main-chain with a certain interval which may vary depending upon multiple factors like Ethereum congestion or number of Polygon transactions. In ideal conditions, it shall be around 15 min to 1 hour. A checkpoint is basically the Merkle root of all blocks produced in between intervals. Validators play multiple roles, creating blocks at the block producer layer, participating in the consensus by signing all checkpoints, and committing the checkpoint when acting as proposer. The probability of a validator becoming the block producer or proposer is partly based on their stake ratio in the overall pool.
What’s the incentive to be a Polygon staker?
Polygon is allocating 12% of its total supply of 10 billion tokens to fund the staking rewards. These 1.2 billion tokens will be the staking incentive for the first five years. This is to ensure that the network is seeded well enough until transaction fees gain traction. These rewards are primarily meant to jump-start the network, while the protocol in the long run should be able to sustain itself on the basis of transaction fees.Validator Rewards = Staking Rewards + Transaction Fees from Polygon chain. First year will see the maximum amount of tokens allocated as staking rewards. This is allocated in a way to ensure gradual decoupling of staking rewards from being the dominant component of the validator rewards.
How are staking rewards allocated to stakers?
Tokens to be given out as staking rewards for the first five years of the network life are fixed. This reward is divided per checkpoint and the amount to be shared with all stakers is absolute. The reward rate will be higher during lower bonding rates and vice-versa otherwise.The staking reward gets distributed proportionally to all stakers; proposer and signers, with the exception of proposer getting a bonus.
How can I reserve a validator spot?
At present, there are no open validator slots available on Polygon PoS. There is also a waitlist to become a validator. In the future, if slots become available, validators may apply to be considered and removed off of the waitlist. It is an open system where seats cannot be reserved. In any case, there is always the possibility of stake delegation with the current validator set. Anyone can participate in the process with this mechanism and earn rewards as long as the respective validator is healthy and their node is online.
Is there a minimum amount of MATIC required to stake to become a validator?
The minimum is 1 MATIC.
What are the different states a validator can be in?
Active: Validator is in the current validator set, produces blocks at the Bor layer, participates in Heimdall consensus and commits checkpoint transactions to the Ethereum mainnet. Notice: Validator sends a transaction to unbond. Before entering into the unbonding period, validator needs to be in active state creating, signing and proposing blocks for a certain time. Unbonding: Validator is inactive in this state and thus earns no reward. PIP4 has introduced Performance Benchmark Monitoring. A validator’s performance is measured based on checkpoints it signed over a monitoring period. Performance is measured on a rolling basis at each new checkpoint to provide an objective figure. This figure is then measured against a benchmark of the total network performance in the monitoring period, as detailed here. Whilst there is no slashing mechanism, under-performing can cause delegators to delegate elsewhere.
For how long will my funds be locked?
If one wishes to opt out of the system, the staked tokens undergo an unbonding period during which they are liable to being slashed for any misbehaviour committed by the validator before the unbonding period started. Delegated tokens enter unbonding period immediately upon unbond request. However, validators will need to serve a certain notice period in active state, participating in consensus and proposing checkpoints before entering into unbonding period. Stakers can withdraw their tokens after the unbonding period ends. Exact durations of withdraw for both delegator and validator will be announced here soon.
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FAQs
Yes, investors can stake in the Polygon network . Investors can get started staking their coins for as low as 1 MATIC. These coins can be staked on crypto exchanges like Binance or Crypto.com.
What are the rewards for staking Matic? ›
You can earn up to 20% interest or more depending on how you stake your MATIC tokens. If you're using a centralized exchange, different ones offer different interest rates. For instance, Binance offers 14% interest if you lock up your tokens for 90 days.
How much are Matic staking rewards? ›
Latest Polygon (MATIC) Staking Rewards
Platform Coin Staking Rewards (APY) Binance Polygon (MATIC) 6.4% Binance.US Polygon (MATIC) 6% Kraken Polygon (MATIC) 5% MyCointainer Polygon (MATIC) 4.65%
2 more rows
How to stake Matic on the Polygon Network? ›
How to Stake MATIC (Polygon)
Access Your Wallet. Swap ETH to MATIC. Choose the Blockdaemon Validator. Sign the Transaction. Check Your MATIC Rewards (Optional)
Where is the best place to stake Polygon Matic? ›
The 5 Best Crypto Exchanges for Staking Polygon (MATIC)
Binance. Binance is the world's top cryptocurrency exchange and is currently the largest centralized unit by daily trading volume. ... OKX. ... Coinbase Wallet. ... KuCoin. ... Crypto.com.
What is the minimum staking for Polygon Matic? ›
You would need to have a minimum of 2 Matic to restake rewards.
Which coin has highest staking rewards? ›
Binance Coin (BNB) – The most staked crypto
What are the highest staking reward tokens? ›
Epoch Explained
Token Staking Reward Popular Wallet w/Staking Functionality Ethereum 6.16% MetaMask Solana 7.79% Phantom Cardano 5.24% Yoroi
5 days ago
Who has the highest staking rewards? ›
Cosmos (ATOM) - High APR With No Minimum Amount
What can you do with Matic on Polygon network? ›
How to pay with Polygon (MATIC)
Pay merchants directly from your Polygon wallet. Spend MATIC like cash on the BitPay Card. Buy gift cards with MATIC. Send P2P transactions to friends and families. One of the most popular options for staking is Polygon (MATIC) , a scaling solution for the Ethereum network that has gained widespread adoption due to improving the speed and efficiency of Ethereum transactions and reducing ETH gas fees through Layer 2 sidechains.
Can I sell Matic from the Polygon network? ›
Cash out MATIC the easy way. Sell MATIC directly from your Polygon wallet and withdraw funds in 14 fiat currencies on your bank account in 171 countries.
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