Polygon (POL)
What is Polygon?
Polygon is a layer 2 scaling solution built on Ethereum, aimed at improving scalability and reducing transaction costs for decentralized applications (dApps). It achieves this by utilizing sidechains, allowing transactions to be processed off the main Ethereum network. Polygon offers developers a range of tools and frameworks to easily deploy and manage dApps, making it a popular choice for projects looking to scale efficiently within the Ethereum ecosystem.
How to stake Polygon?
Validator Name: Everstake
Validator Address: 0x3f4ce357b9d61d3b904492b8b5abc69c6c693720
Commission: 7.00%
Polygon Staking Manual
Step-by-Step Guide to Staking POL via Everstake Dashboard
This guide explores the intricacies of POL staking as well as offers step-by-step instructions for delegating it via Everstake’s website interface.
Step 1: Access Everstake’s Polygon Staking Page
To engage in POL staking with Everstake, navigate to our Polygon native staking page.
Step 2: Link Your Wallet
Next, proceed to link your wallet by clicking Connect Wallet, located at the forefront or in the upper right corner. Among the noteworthy selections in this array are MetaMask and WalletConnect—an ingenious protocol that facilitates multi-wallet integration with DApps. This protocol extends compatibility to renowned wallets like Trust, Uniswap Wallet, Safe, Exodus, and several others.
Step 3: Delegate
For POL staking on the Everstake platform, just input your desired delegation amount and proceed by clicking the Stake Now button. Following this step, you will need to confirm the transaction in your wallet.
When delegating POL, bear in mind that the staking procedure occurs on the Ethereum chain. Thus, it’s necessary to have your POL in ERC-20 format, and for added security, allocate a provision of 0.05-0.1 ETH to cover associated fees.
To monitor your stake, access the Dashboard. Here, you gain not only insights into your active delegation and rewards but also the ability to stake additional funds, unstake your tokens, or claim your rewards. Importantly, when considering the withdrawal of your rewards on the Polygon network, it’s essential to note that a minimum of 2 POL is required for this process.
Conclusion
Staking Polygon’s native token POL through Everstake’s website interface is one of the simplest and most convenient ways to delegate it and start earning your rewards. Combined with Everstake’s 0% validator fee, it also ensures that your rewards are higher. Finally, by staking POL with Everstake, you choose a reliable provider concerned with the blockchain’s healthy development and progress.
Where can I stake Polygon?
You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information
Staking Details
Epoch (cycle) duration
1 day
Everstake fee
0.00%
Auto-compounding
Manual
Fee to activate the wallet
Polygon staking occurs on the Ethereum mainnet, requiring your POL to be in ERC-20 form. To cover fees safely, ensure you have 0.05-0.1 ETH available
First reward info
You’ll receive your first rewards about 34 minutes after staking, once the first checkpoint is submitted.
Reward frequency
Rewards are distributed with each checkpoint submission, occurring approximately every 34 minutes
Min amount ot stake
There is no minimum stake amount to delegate. However, you can always start with 1 POL
Unstaking period
80 checkpoints (2-3 days)
Stake activation time
Your stake becomes active immediately
Re-delegating activation time
Delegation: ~5 cycles Staking: 4 cycles
Last Reward
Last rewards earned before unstaking.
Self-Bond
None
Active set
None
Slashing
No automated slashing currently implemented in the protocol.
Stake deactivation time
-
Why Everstake?
Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 30+ supported chains with a reliability rate of 99.98%
Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.
In the Polygon network, Everstake operates with a 0% validator commission, allowing delegators to maximize their staking rewards while benefiting from our reliable infrastructure and proven security standards.
Everstake Participation
As a validator on the Polygon network, Everstake actively supports the ecosystem by securing the network, participating in governance, and ensuring validator reliability. Since 2019, we have contributed to blockchain networks through analytics, educational content, and close collaboration with teams to foster growth and strengthen the community.
We operate with a 0% validator commission, meaning all staking rewards are fully passed on to delegators, maximizing their earnings. Through these efforts, Everstake helps ensure the stability, transparency, and long-term success of the Polygon ecosystem while empowering users to get the most value from their delegated tokens.
FAQ
What is POL?
POL is the new native token of the Polygon blockchain ecosystem, replacing the original MATIC token. As an ERC-20 token, POL functions as a multi-chain scaling solution, enabling users to pay network fees, secure the network through staking, and participate in governance. The transition to POL is part of the Polygon 2.0 vision, designed to enhance tokenomics, expand monetization opportunities, and increase the overall utility of the ecosystem.
Polygon Tokenomics
POL is the next-generation native token of the Polygon network, replacing MATIC and designed to maximize ecosystem growth and validator incentives. It is a hyperproductive token, allowing holders to stake, secure multiple Polygon chains, and perform multiple roles per chain, earning protocol rewards, transaction fees, and additional incentives. POL also supports a Community Treasury, funding protocol development, ecosystem grants, and adoption incentives in a decentralized, self-sustaining manner. Token migration from MATIC to POL is straightforward via an upgrade smart contract, ensuring a seamless transition while unlocking the full utility of the Polygon 2.0 architecture.
How Everstake deduces validator fee?
Everstake operates with a 0% validator fee, meaning we do not take any commission from staking rewards. All rewards earned by validators are fully passed on to delegators, maximizing their earnings. This approach reflects our commitment to transparency, community alignment, and providing the highest possible returns for those who delegate their tokens with us.
Control over User's Funds
Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.
Rewards Distribution
Polygon staking rewards are distributed at each checkpoint, with delegators receiving rewards proportional to their share of a validator’s total stake. Rewards are not automatically restaked and must be manually claimed through an on-chain transaction. A validator’s performance and compliance with network rules directly affect the rewards earned by their delegators.