Stader Labs Introduces Liquid Staking For MATIC

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

The Polygon team announced via a blog post on Wednesday that staking platform Stader Labs has launched liquid staking services for MATIC.

The Polygon team announced via a blog post on Wednesday that staking platform Stader Labs has launched liquid staking services for MATIC, Polygon’s native token. Polygon added that MATIC token holders could use Stader to stake the tokens and receive a fungible liquid token MATICX that shows their claim to the underlying staked assets in return. Furthermore, Stader will work with the ecosystem to ensure the comprehensive utility of these tokens on decentralized exchanges (DEXs), lending/borrowing protocols, yield aggregators, and more.

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.

MATIC is down by less than 3% in the last 24 hours and is currently trading at $1.719.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.