Polygon
Stake Polygon with Kiln, enterprise-grade staking
What is Polygon?
Polygon is a Proof-of-Stake sidechain bringing more scalability and flexibility to Ethereum, addressing its scalability and transaction cost issues.
Polygon offloads Ethereum layer-1’s traffic by issuing transactions on the sidechain. They are then confirmed through Polygon validators and on Ethereum through batched transactions.
What is staking?
In a Proof-of-Stake blockchain such as Polygon, staking consists of locking native tokens to earn the right to secure a chain, and earn a yield while doing so.
With MATIC staking, users lock MATIC to fund a validator, which helps secure the chain by proposing new blocks and attesting other validators’ blocks, earning a yield in the process.
How to stake Polygon with Kiln?
To stake MATIC in a few clicks, just follow these next steps. It should take you less than 5 minutes to complete your first transaction:
- Login to Kiln dashboard
- Go to the /stake/MATIC page of the dashboard
- Select the Account you want to stake on
- Choose the amount of MATIC you want to stake
- Connect your wallet (for instance Ledger, Metamask, Trust Wallet, etc) Kiln supports multiple wallets as well as WalletConnect
- Click on the “Stake” button!
As easy as pie! Kiln takes care of everything. To unstake, you simply need to undelegate into one transaction, after 9 days you will receive your original stake back in your wallet as well as accumulated rewards from delegation.
Why should you stake your assets?
Staking generates the safest and most predictable yields in the crypto space. It is the most natural yield feature in crypto as the value originates from the blockchain’s native currency inflation, which is forecastable.
- Put your treasury to work
- Diversify and earn, while contributing to blockchains decentralization
- Bring new opportunities to generate safe yields to your users
Protocol Card
What are the rewards associated with staking MATIC?
As an incentive for helping to safeguard the network, you can earn up to 5.36% APR* from your delegation on Kiln’s Polygon validator.
Why should you stake your MATIC with Kiln?
Kiln is the leading enterprise-grade staking platform enabling institutional customers to stake MATIC, and to white-label MATIC’s staking functionality into their offering.
Our platform is API-first and enables fully automated validators, rewards, data and commission management.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Stake MATIC in 1 click
- Manage all their MATIC stakes and rewards from a single dashboard
- Keep custody of your assets, Kiln is non-custodial and work with existing custodians solutions e.g.Fireblocks
- SOC 2 certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Looking to stake MATIC?
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Stake Polygon FAQ
What does Proof-of Stake mean?
Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Through PoS, validators can contribute to the block production of a chain while keeping environmental concerns to a minimum, an increasingly large issue in Proof-of-Work.
By staking capital rather than energy, validators risk losing a portion of their value and future potential for staking by misbehaving while creating blocks. This incentivises collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious activity while creating consensus.
What is the role of Polygon validators?
Polygon validators verify and add new transactions to the network through the blocks they produce, or attest other validators’ blocks. Validators get rewarded with MATIC tokens for securing the network and passing transactions.
How much can you earn by staking MATIC? When will I receive MATIC rewards?
MATIC staking APR is currently 6.56% at the time of writing this article. MATIC APR may be subject to change in the future.
Does Polygon network have transaction and gas fees?
Yes Polygon has both transactions and gas fees. For most transactions, fees are less than $0.002, even during high-traffic periods.
What are the risks associated with staking MATIC?
At the moment, slashing penalties are not yet activated on Polygon, currently it’s not possible to lose delegated tokens because of a validator double-signing. Slashing penalties will be implemented at a future time.
Find more about how Kiln maintains a strong monitoring process and mitigate downtime and slashing.
Is there a minimum and maximum amount of MATIC to stake for Polygon?
You can stake Polygon’s MATIC token with as little as 1 MATIC. You can unstake and withdraw from 2 MATIC rewards.
Do I maintain custody of my MATIC tokens? Is MATIC staking non-custodial?
When you delegate your MATIC token from your wallet (ideally a Ledger hardware wallet) to a validator such as Kiln to receive staking rewards, you keep full custody of your funds.
What is the lockup period to stake Polygon? When can I unstake and withdraw my MATIC?
It takes 9 days to unstake your MATIC. During that time, you will not receive rewards. Once the 9 days pass, you can withdraw your tokens from your wallet.
What is the average block time on Polygon?
The average block time on Polygon is 2 sec, meaning a new block is produced every 2 second.
What is an Annual Percentage Rate (APR) and how is it different from Annual Percentage Yield (APY)?
APR, or annual percentage rate, is the fixed interest rate earned on an investment over a one-year period. It is the percentage of return investors can expect to receive on their investment. On the other hand, APY or annual percentage yield, takes into account the compounding of interest on a fixed schedule. It includes both the interest earned and the interest on previously earned interest.
When it comes to PoS protocols, compounding does not always apply as additional validators can be needed to stake more. Therefore, APR is used instead of APY. It's worth noting that APY and APR cannot be compared directly, as they measure different things. However, it is possible to convert APR to APY and vice versa.
Where can I learn more about Polygon?
There are many existing resources but we invite you to visit Polygon's website.
