Staking for Polygon
Polygon is a layer-2 protocol for building and connecting Ethereum-compatible blockchain networks. Polygon staking rewards are generated by the annual inflation of the Polygon (MATIC) token.
The staking information is highlighted in the table below:
Minimum Staking Amount | 1 MATIC |
Rewards Distribution | Automatically accumulated to the staking address every 20 minutes. You need to claim the rewards to your wallet. |
Unbonding Period | Approximately 2 days. You can unstake at anytime. However, it takes approximately 2 days for your unstaked MATIC to become available for withdraw and transfer. |
Compounding | New staking required for compounding. |
Slashing | 2-5% slashing for double-signing a checkpoint. |
Other Staking Requirements | Polygon staking transactions are happening on Ethereum. You need to have ETH on the staking address to cover the GAS fee. |
You can use MetaMask Wallet to perform delegation actions, since the polygon staking transaction is happening on Ethereum. MetaMask Wallet's Chrome Extension can be downloaded here.
The first steps requires connecting your wallet; navigate to staking page on your InfStones dashboard, and click the
Connect Wallet button on the Polygon (MATIC) row.
This will open a popup prompting you to connect to the MetaMask Wallet, click this button to continue.
Once your wallet is connected successfully, you should see your wallet address now displayed, and the stake button now active.
Now that your wallet is connected, click the
Stake button now displayed in the Polygon (MATIC) row as shown below:
This will open a new popup, showing how to continue staking in two simple steps, the first is to confirm the node on which you’re staking your token, you should see this displayed as
InfStones Polygon Validator Node, confirm and click the Next button as shown below to proceed.
The next step is to enter the amount of MATIC tokens you wish to stake, enter preferred value (Min: 1 MATIC) and click the Next button to proceed.
Clicking
Next will initiate a request on your MetaMask wallet for you to grant InfStones access. To continue the staking process, click the Confirm button as shown below:
After granting InfStones access, you'll see a new popup like the one below verifying the transaction.
Confirm the stake transaction one more time on the pop-up window of your extension wallet by clicking the
Confirm button.
After your stake transaction is confirmed on blockchain, you should notice that the
Total Staked amount has been automatically updated.
To unstake your tokens, click the dropdown menu next to the stake button, and select the
Unstake option.
Next, type the amount of tokens you want to unstake and click
Confirm to continue. 
Confirm the unstake transaction on your MetaMask wallet as shown below.
Wait a few minutes for the transaction to be confirmed on the blockchain. After that, you should see that your
Total Staked amount has been updated.It takes 82 checkpoints (approximately 2 days) for your unstaked MATIC to become available for withdraw.
You can view your unstake history to see how you previously unstaked your tokens and how much you unstaked.
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To view your rewards, go to the Polygon Staking information page on your InfStones dashboard. This page is updated automatically to provide transparency and to help you estimate how much you have earned from staking your tokens over time.
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Last modified 23d ago