Hassan Maishera
On Tuesday, Polygon Labs announced via X that users can now stake $POL natively inside Ledger Wallet, powered by Yield.xyz. Ledger Wallet has integrated Yield to remove the complexity of earning rewards without removing the security of your Ledger signer.
To leverage this feature, access the "Earn" tab in the Ledger Wallet app. Through Ledger’s integration with Yield, users can select your validator instantly.
It offers the smooth experience of a software wallet, allowing users to manage positions with zero friction.
Polygon (PoS) is a Proof-of-Stake scaling solution for Ethereum, and the default choice for sending money onchain. POL serves as the native gas token of this ecosystem, powering all transactions, and a staking token, securing the network.
In return for staking, stakers earn rewards, incentivizing network security and participation. They can also become eligible for the Agglayer ecosystem airdrops.
A significant application of POL is in the realm of payments and tokenized assets. Businesses and individuals can use POL to make seamless payments, benefiting from its efficiency and low transaction costs. Additionally, POL supports the creation and management of tokenized assets, enabling users to issue and trade digital assets on the Polygon network. This capability is crucial for industries looking to leverage blockchain technology for asset management and transfer.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. POL is up 3.3% in the last 24 hours and trades at $0.1096.
