I’m very new to defi. Apologies if this is the wrong place to ask this question.
I have my Matic on the Polygon network, but I understand that to stake matic it needs to be on the Ethereum network. As I see it, my options are bridge my Polygon matic to the Erc-20 matic (i’m not sure how but I’ll figure) and then stake. Or I just go a some Dex (not sure which one yet) and just swap my Matic for stMatic, so the stMatic would then accumulate rewards (i think).
Any suggestions on this would be appreciated. Thank you.
4 thoughts on “Matic staking question”
You should try BEEFY to stake your Matic-stMatic LP. The returns are around 5-6% pa but it can be done on the polygon chain. So no need to bridge or anything.
Lido, stader and ankr are popular liquid staking options on the polygon network
Hi there, I don’t know how much I can help but I’ll try. Where are you trying to stake?
I’m not staking Matic atm, as I sacrificed my Matic to accumulate more MAXX during their fair launch on the polygon chain. MAXX features high yield, is protected by deflationary measures and is backed by Validator Nodes