What is Matic staking & how does it work?

The MATIC staking process operates on the Proof-of-Stake concept. This means the network uses staked tokens to generate new tokens or new blocks. Staking is an important process for Polygon and other blockchain networks because it provides liquidity for the network.

What is a Matic token & how does it work?

MATIC is the native token of the Polygon network that is used to carry out the key functions of the platform as detailed below: Staking: Users can temporarily lock MATIC up to contribute to the security of the Polygon Network. Gas token: MATIC is used for transaction fees.

How do I stake a metamask?

To stake MATIC, you need to find a wallet that supports MATIC staking. Polygon gives delegators a list of viable MATIC stalking wallets to choose from. However, one of the best wallets you can use to stake MATIC is the Metamask Wallet.

How do I staking Matic tokens?

When staking MATIC, you have to assign your staked tokens to a validator of your choice. As a delegator, the rewards you get for staking are split between you and the validator you selected based on the fee they quoted when you chose them. To stake MATIC, you need to find a wallet that supports MATIC staking.