How to Stake
Enterprise POL Staking with Pier Two
Polygon (formerly MATIC Network) is a Layer 2 blockchain designed to enhance Ethereum’s scalability and efficiency. Established in 2017, Polygon supports a diverse range of DeFi projects, gaming, Polymarket and NFT marketplaces. With fast transactions at near-zero gas fees today. Approximately USD$1.342 billion worth of POL is staked on Polygon.
Rates
- Staking Rate4.71%
- SlashingNo slashing mechanism
- Reward Frequency1 checkpoint (~40 mins)
- Withdrawal Time80 Checkpoints (~5 days)
How to Stake
Staking POL with supported wallets and custodians.
Staked POL can be managed through supported wallets like Metamask, WalletConnect, Fireblocks or your preferred custodian to complete the delegation. When staking POL, you are incentivised to serve the dual purpose of 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 not covered by Plasma. Validators fulfil multiple roles, such as; creating blocks at the block producer layer, participating in the consensus by signing all checkpoints, and committing the checkpoint when acting as proposer. By delegating to Pier Two, you are eligible for rewards for performing these duties.
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Frequently Asked Questions
Do I retain custody?
Yes, your tokens stay on the Polygon protocol and remain accessible for withdrawal through the wallets and custodians controlled by you. There is an unbonding period of approximately 80 checkpoints (2-5 days).
Can I be slashed?
No, the protocol does not have any penalties or slashing.
Are rewards automatically compounded?
No, rewards are not automatically restaked.
Why is Polygon staking conducted on Ethereum?
Polygon's staking mechanism is integrated with the Ethereum Mainnet to leverage its robust security and decentralisation. Operating with three key components:
- Bor: This is the layer where fast transaction execution occurs, managing the day-to-day transaction processing on the Polygon network, and producing blocks.
- Heimdall: This layer involves a set of validators who form consensus on the blocks produced by Bor. Heimdall also handles checkpoints, committing the state of Polygon to the Ethereum blockchain.
- Ethereum: The Ethereum Mainnet hosts the smart contracts that manage Heimdall validators. MATIC staking is conducted through these smart contracts, ensuring that staking activities are secure and decentralized by using Ethereum's well-established infrastructure.
Why Pier Two
Why Pier Two
Pier Two offers a premium service, competitive fees, high performance infrastructure and world class customer support.
Pier Two holds ISO 27001 certification and offers customers 99.99% uptime and slashing coverage.
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