Polygon
MATIC
Staking Polygon
Staking Stats
Est. Reward Rate APY
2.88%
Reward Change 24H
-4.78%
Reward Change 30D
+4.24%
Asset Market Cap
£740.1M
Staking Market Cap
£252.0M
Tokens Staked
651.5M
Percent Staked
34.04%
Powered by Staking Rewards
APY's are indicative and not guaranteed and may vary over time. Learn more
Staking crypto-assets involves risks such as potential loss due to slashing, limited liquidity, variable and unguaranteed APY, and vulnerabilities from evolving protocols. Past performance is not a reliable indicator of future results. Learn more about asset risks
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Polygon staking is on the rise this month.
The current estimated reward rate of Polygon is 2.88%. This means that, on average, stakers of Polygon are earning about 2.88% if they hold an asset for 365 days. 24 hours ago the reward rate for Polygon was 3.02%. 30 days ago, the reward rate for Polygon was 2.76%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 34.04%. In other words, there are 651.5M of Polygon staked, which means that Polygon has a staking market cap of £252.0M. This is compared to a total asset market cap of £740.1M.
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How does staking Polygon work
For many traders and investors, staking is a way of earning rewards by simply holding Polygon. Certain cryptocurrencies, including Polygon, allows staking. This means that you can “stake” some of your Polygon holdings and earn a reward over time in exchange for allowing the blockchain to put your Polygon to work.
Cryptocurrencies that allow staking use a consensus mechanism called Proof of Stake, which is a method of verifying and securing transactions on the blockchain that leverages people who are literally already invested in the blockchain. The precise implementation varies, but at its core, users will put their crypto on the line, similar to a security deposit, for a chance to add a new block onto the blockchain. Typically, the chances of being chosen to validate the next block is proportionate to the amount staked and the amount of time a user’s held their asset. This way, the network rewards participants who are most invested. If the selected node successfully validates a block, then it is awarded the staking reward.
In other words, in exchange for delegating your Polygon, you get rewarded with more Polygon from the network. Staked tokens act as a guarantor of the legitimacy of new transactions. On the chance that fraudulent transactions are discovered, users will lose a part of their stake (i.e. their stake would get burned by the network) in a slashing event.
FAQ
How to stake Polygon?
Polygon is currently available to stake on Coinbase’s centralized exchange, subject to locations where staking is allowed. Check out our help center page to learn more about eligibility.
When can I start earning rewards with Polygon?
You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.
What are the risks around staking Polygon?
Staking requires your Polygon to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Polygon. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.
How much can I make staking Polygon?
The current estimated reward rate of Polygon is 2.88%. This means that, on average, you can earn about 2.88% for current block/epoc rewards for Polygon.
How many Polygon tokens are currently staked?
Currently, 651.5M are staked, which means that the staking market cap of Polygon is £252.0M.
What percentage of Polygon is currently being staked?
Of the available tokens, 34.04% is currently staked.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.