Polygon blockchain is a network that managed to develop a scaling solution for the core Ethereum blockchain network. Most polygon multisig wallets and polygon staking wallet help make the ethereum blockchain network less expensive, more accesible, and more inclusive. Polygon blockchain employs proof of stake consensus mechanism enabling users to benefit from the staking. The following are the ways you can leverage polygon staking wallet:
Stake polygon asset tokens on Metamask wallet
If you have an experience with the ERC-20 token staking methods then staking crypto polygon tokens won’t be much of a hassle for you. Prior to staking the polygon blockchain token, it is critical to note that only the authorized owner of the polygon asset token is allowed to stake on the polygon staking wallet – the trust metamask wallet website. Instead of opting for other custodial exchanges or wallets, using trust metamask wallet allow users to leverage metamask’s direct integration with the polygon blockchain. Metamask’s polygon staking wallet and other types of self-custody polygon multisig wallets offer one of the most secure and reliable ways of staking tokens.
The first step is browsing, downloading, and installing the MetaMask polygon staking wallet extension on your favorite browser. Next, click on the metamask polygon staking wallet extension icon and select the “add token” option. Browse for the crypto polygon token and select the MATIC tokens. Press the “Stake” button. Input the total number of crypto polygon tokens user want to stake and click the stake button again. Next, you just need to confirm your transaction by providing the selected password. Instead of remembering or using passwords, users can employ U2F or 2FA – a secure authentication method. Once you confirm the transaction, your Metamask polygon staking wallet immediately lock-ups your staked polygon asset tokens, providing you with rewards based on your total staked amount.
Stake polygon asset tokens on all types of wallets
Any polygon multisig wallet can be converted for staking purposes. The staking can be easily done by integrating with polygon staking wallets such as Liminal wallet, coinbase wallet, meta mask, and others. Prior to staking polygon asset tokens, it is important to ensure that you have the required amount of ETH tokens in your multisig wallet to pay for the transactions. The polygon blockchain MATIC token’s staking process takes place on the Ethereum main chain. So, users must have the ETH token stored in their wallets to transfer, stake, claim rewards, and re-stake their MATIC tokens. Next, users should navigate the official polygon blockchain dashboard and connect their polygon staking wallet – and press the “polygon staking” button. Then, choose the total number of crypto polygon tokens you are willing to stake. Finally, press the “Continue” button and move forward with the transactions. After confirmation, the Etherscan will display the transaction hash. Finally, the staked crypto polygon tokens will appear on the polygon asset MATIC dashboard.
Polygon blockchain is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions
