Polygon (MATIC) Staking Calculator — How & Where to Stake Polygon with No Lock Period (2024)

Polygon, previously Matic Network, is a platform that helps the Ethereum networkscale and improve infrastructure development by utilizing sidechains and differentlayer 2 (L2) solutions. Polygon connects Ethereum-based projects with Polygonscaling solutions, allowing developers to increase flexibility and sovereignty oftheir projects, and build new projects.

The platform uses the so-called Polygon SDK framework, providing developers accessto L2 solutions like Plasma, Validium, Optimistic rollups, and zero-knowledgerollups. All these L2 solutions are designed to multiply the transactionthroughput without compromising the security of associated blockchains. Polygonalso combines the Plasma framework with its own proof of stake (PoS) blockchainarchitecture known to ensure projects’ security.

Polygon has a native token called MATIC. It is mostly used to govern and securethe Polygon network and to pay gas fees within the Polygon ecosystem. MATIC tokenscan be staked to support the functionality of the Polygon network and earn stakingrewards.

Proof of stake is a system that allows blockchain networks to achieve distributedconsensus. Anyone can join proof of stake networks and lock a certain amount offunds to participate in staking, to secure the network and maintain consensus. Theindividuals who participate in staking can become validators to vote for upgradeswithin the network, or validate transactions and add them to the blockchain.

Typically, achieving consensus in a proof of stake network requires processingmany blocks, but the Polygon network uses a modified consensus mechanism toachieve consensus with every block. In the Polygon network, the consensus isachieved by committing checkpoints of Polygon blocks to the Ethereum network.

Users can stake MATIC and earn staking rewards by being either a validator or adelegator. Validators run specific nodes to participate in the consensus of thePolygon network directly, verifying transactions and adding new blocks to theblockchain. If users don’t want to run their own node, they can delegate theirMATIC tokens to delegators and contribute to network security.

Validators earn staking rewards for bringing value to the network. If a validatorhas delegators, then earned rewards are distributed to delegators in proportion totheir contribution. Delegators increase the power of the validator. More power,more probability that the validator will be selected to become a block producerand earn staking rewards.

Polygon runs validator auctions periodically where anyone can replace the currentvalidator by proposing a higher stake. So becoming a validator may require asignificant number of funds and technical knowledge of running a node. That is whytoken delegation is considered a more affordable and easier option to startstaking MATIC.

Polygon gained significant support from the crypto community, making MATIC one ofthe most popular assets for staking. A lot of staking providers allow cryptoenthusiasts to select validators and delegate tokens to them to earn stakingrewards. But MATIC staking can be much easier and more flexible if you stakecrypto with CEX.IO.

WithCEX.IO Crypto Staking, you don’t need to assess the offerings of different delegators, or pay gas feesto stop staking or restake your tokens. On CEX.IO, you just need to store MATICtokens in your CEX.IO balance to start participating in staking. No additionalactions are needed to earn staking rewards.

What are the Benefits of Staking MATIC with CEX.IO?

Add funds to earn more staking rewards whenever you want

Trade and stake cryptocurrencies simultaneously

Withdraw staked assets anytime, without waiting a certain period when your fundsreturn from the staking node

1

Create an account on CEX.IO or log into your CEX.IO account.

2

Go to the Staking page —you will see a staking dashboard with all cryptocurrencies available for stakingon CEX.IO.

3

Click “Add funds” or “Buy” next to the MATIC token. If you click “Add funds”, yourwallet address on CEX.IO will appear for depositing funds in MATIC. If you click“Buy”, then a new page will appear where you can buy MATIC using your paymentcard.

That’s it! After replenishing your MATIC balance on CEX.IO, you will automaticallystart participating in staking. Please note that you need to be verified todeposit and purchase cryptocurrencies.

You will earn staking rewards as long as you store MATIC tokens on your CEX.IObalance. Staking rewards are distributed once a month. You don’t need to claimyour staking rewards separately. Staking rewards will be automatically sent toyour CEX.IO balance at the end of the staking period.

Estimated annual yield (EAY) shows what potential yield you can earn for stakingcryptocurrencies on CEX.IO. Each cryptocurrency has its own estimated annual yieldthat depends on network and validator performance. If you want to find the currentestimated annual yield for staking MATIC on CEX.IO, then go to the Staking page oron the staking dashboard.

Please note that the annual yield is called estimated because there are a lot offactors that may affect potential staking rewards. It is the main reason whyestimated annual yield may be shown as a range or may differ from one stakingperiod to another. You can find more information about the reason that may affectthe estimated annual yield in thisblog post.

If you want to find out what potential staking reward you can earn with thecurrent Polygon interest rate, then you can use our Earnings calculator. TheEarnings calculator can be found on theStaking pageand the staking dashboard.

To see your staking reward, you need to choose MATIC in the dropdown list ofsupported cryptocurrencies for staking. Then you need to enter the number oftokens you currently have or plan to have in your CEX.IO balance. After that, thecalculator will automatically calculate the estimated earnings you can get forstaking MATIC with CEX.IO.

The staking calculator shows the estimated amount of gain that will “accrue” for aday, month, and year. The amounts indicated in the calculator are approximatesince they are based on the current MATIC price and current estimated annual yieldthat may change over time.

Please note that if you deposit or withdraw funds from your CEX.IO balance, itwill also affect your potential reward. Potential staking rewards arere-calculated every hour, allowing you to join CEX.IO Staking whenever you wantand earn staking rewards even if stored stake-able crypto for only a few hours.