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How to stake MATIC (Polygon)

  • Updated

Polygon is a Layer 2 scaling solution built on Ethereum that aims to provide multiple tools to improve the speed and reduce the cost and complexities of transactions on blockchain networks.

Overview

CATEGORY DETAILS
Chorus One Validator Address 0xbbd83024be631bb6f3dd3c0363b3d43b5d91c35f
APR https://staking.polygon.technology/validators/106
Block Explorer https://polygonscan.com
Staking Rewards https://www.stakingrewards.com/savings/chorus-one/
Unstaking Period 21 Days
Commission 5%
  1. To start staking $MATIC, first log in to https://staking.polygon.technology/ on the browser of your choice.

Ensure that the browser has integrated any of the wallets supported by Polygon.

  1. Then, click on Login and connect to the wallet of your choice. Click ‘View all’ to see all the wallets supported by Polygon. We have chosen MetaMask.
  1. Once you have connected your wallet, click on ‘Become a Delegator’, and search for ‘Chorus One’ amongst the list of available validators.

Click on ‘Chorus One’ to verify all the details. Ensure that the Validator address (shown as ‘Owner’) is 0xbbd83024be631bb6f3dd3c0363b3d43b5d91c35f.

Note: The commission rate to stake $MATIC with Chorus One is 5%.

  1. Once you have verified all the details, click ‘Become a Delegator’ .
  1. Next, enter the amount of $MATIC you would like to stake. Then, click ‘Continue’.
  1. You will be redirected to your wallet to approve the transaction, which will take a few minutes.

You have now completed the process and staked your $MATIC with Chorus One!  

About Chorus One

Chorus One is one of the biggest institutional staking providers globally operating infrastructure for 40+ Proof-of-Stake networks including Ethereum, Cosmos, Solana, Avalanche, and Near amongst others. Since 2018, we have been at the forefront of the PoS industry and now offer easy enterprise-grade staking solutions, industry-leading research, and also invest in some of the most cutting-edge protocols through Chorus Ventures. We are a team of over 50 passionate individuals spread throughout the globe who believe in the transformative power of blockchain technology.

 

This resource can also be found on our Blog under: https://chorus.one/articles/how-to-stake-matic-polygon‍

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