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Polygon

MATIC

Staked
36%
Staked
0%
Unstaked
64%
Unstaked
0%

Earn up to 2.78% APY

Create a Coinbase account to stake Polygon

Stake Polygon

Staking Polygon

Staking Stats

Est. Reward Rate APY

2.78%

Reward Change 24H

+1.10%

Reward Change 30D

-14.04%

Asset Market Cap

$6.9B

Staking Market Cap

$2.5B

Tokens Staked

3.6B

Percent Staked

36.21%

Polygon staking is on the decline this month.

The current estimated reward rate of Polygon is 2.78%. This means that, on average, stakers of Polygon are earning about 2.78% if they hold an asset for 365 days. 24 hours ago the reward rate for Polygon was 2.75%. 30 days ago, the reward rate for Polygon was 3.23%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 36.21%. In other words, there are 3.6B of Polygon staked, which means that Polygon has a staking market cap of $2.5B. This is compared to a total asset market cap of $6.9B.

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How does staking Polygon work

For many traders and investors, staking is a way of earning rewards by simply holding Polygon. Certain cryptocurrencies, including Polygon, allows staking. This means that you can “stake” some of your Polygon holdings and earn a reward over time in exchange for allowing the blockchain to put your Polygon to work.

Cryptocurrencies that allow staking use a consensus mechanism called Proof of Stake, which is a method of verifying and securing transactions on the blockchain that leverages people who are literally already invested in the blockchain. The precise implementation varies, but at its core, users will put their crypto on the line, similar to a security deposit, for a chance to add a new block onto the blockchain. Typically, the chances of being chosen to validate the next block is proportionate to the amount staked and the amount of time a user’s held their asset. This way, the network rewards participants who are most invested. If the selected node successfully validates a block, then it is awarded the staking reward.

In other words, in exchange for delegating your Polygon, you get rewarded with more Polygon from the network. Staked tokens act as a guarantor of the legitimacy of new transactions. On the chance that fraudulent transactions are discovered, users will lose a part of their stake (i.e. their stake would get burned by the network) in a slashing event.

Benefits of staking Polygon

It’s easy

Enroll with just a couple of clicks. You can earn rewards on Polygon on as little as $1.

It’s secure

We take measures to mitigate risks and allow you to opt-out anytime. Some protocols may require you to wait until unstaking is complete to transfer or sell your assets.

It’s passive income

Staking can be a way of making your Polygon work by generating rewards, rather than collecting dust in your crypto wallet. You can also discover all assets eligible for rewards from our Earn center.

Read about Polygon

Messari • Apr 12, 24

State of Smart Contract Platforms Q1 2024

This report aggregates and compares the financial, network, and ecosystem performances of ten top smart contract platforms. These networks include: Ethereum, BNB Chain, Solana, Avalanche, TRON, Polygon, Arbitrum, Optimism, Base, and zkSync Era.

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BeInCrypto • Apr 11, 24

Forbes Web3, Yuga Labs, Linea, BMW and eToro Join Arts DAO for Web3 Extravaganza

Arts DAO Fest, the largest Web3 cultural event in the MENA region, is thrilled to introduce the invaluable partners that will make 2024’s edition an unparalleled experience. Returning on April 20-21, 2024, and situated in the vibrant heart of Dubai at The Agenda, Arts DAO Fest is set to welcome Y...

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CoinDesk • Apr 10, 24

WOO X Introduces Meme Coin, Layer 2 Index Perpetuals in Partnership With Wintermute, GMCI

Indices provider GMCI’s MEME index includes top meme coins like SHIB, PEPE and DOGE, while the L2 index monitors leading blockchain scaling tokens like MATIC, IMX and OP.

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The Block • Mar 19, 24

Immutable, Polygon and King River team up to raise $100 million for web3 gaming fund

Immutable, Polygon Labs and King River Capital have joined hands to raise $100 million for a new web3 gaming fund.

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Blockworks • Mar 13, 24

Swell launches its own layer-2 for restaking with Polygon CDK

rswETH, Swell’s liquid restaked token, will be the gas token used on this new rollup

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Decrypt • Mar 13, 24

Ethereum L2s Arbitrum, Optimism and Polygon See Gains Ahead of Dencun Upgrade

ARB token has gained 11% and OP has climbed 4% in the past day.

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FAQ

How to stake Polygon?

Polygon is currently available to stake on Coinbase’s centralized exchange, subject to locations where staking is allowed. Check out our help center page to learn more about eligibility.

When can I start earning rewards with Polygon?

You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.

What are the risks around staking Polygon?

Staking requires your Polygon to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Polygon. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.

How much can I make staking Polygon?

The current estimated reward rate of Polygon is 2.78%. This means that, on average, you can earn about 2.78% for current block/epoc rewards for Polygon.

How many Polygon tokens are currently staked?

Currently, 3.6B are staked, which means that the staking market cap of Polygon is $2.5B.

What percentage of Polygon is currently being staked?

Of the available tokens, 36.21% is currently staked.