MultiversX Tracker is Live!

Staking POL after the upgrade

All Cryptocurrencies

by COINS NEWS 52 Views

I've been seeing a bunch of questions around staking POL after the upgrade. I'll do my best to clarify the most common questions

  1. The staking process for securing the Polygon PoS network involves staking POL on Ethereum. This is part of the Polygon PoS architecture where validators stake their tokens on Ethereum to participate in consensus on the Polygon PoS chain.

  2. POL is the native gas and staking token for the Polygon PoS network, as stated in the blog posts.

  3. Users are not able to stake POL on Polygon. The confusion likely arises from the complexity of this two-layer system, where the staking occurs on Ethereum but secures the Polygon PoS network.

  4. When Polygon says "POL now secures the Polygon PoS network," this means that POL tokens staked on Ethereum provide security for the Polygon PoS chain. MATIC tokens staked on Ethereum served this purpose before the upgrade.

  5. Transactions on the Polygon PoS network itself use POL as gas, which is separate from the staking mechanism.

  6. You can stake your POL here - staking.polygon.technology/validators

submitted by /u/002_timmy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments