Polygon
Introduction to Liquid Staking on Polygon
Polygon is a blockchain scaling platform that supports a large ecosystem of decentralized applications. This blog post from Polygon Labs introduces liquid staking for MATIC tokens, explaining how users can stake their assets while retaining liquidity through tokenized derivatives. It also compares protocols like Lido, ClayStack, Ankr, and Stader that offer liquid staking on the Polygon network.
Liquid staking tokenizes staked assets, issuing derivative tokens (e.g. stMATIC) that can be traded or used as collateral in other DeFi applications while the underlying tokens remain staked.
cryptocurrency holders and DeFi participants looking to earn yield on MATIC tokens
Background.
- Status
- launched
- Business model
- free
- Company
- Polygon Labs
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