Staking POL(ex-MATIC) with StaFi
On September 4th, MATIC will transition to POL. In the initial phase, POL will replace MATIC as the native gas and staking token for Polygon PoS, with subsequent phases expanding POL’s role in the AggLayer. For more information, please refer to this post.
Notes regarding the Polygon network upgrade from MATIC to POL
- rMATIC holders on StaFi rToken App don’t need to take any action.
- Please make sure that you have completed the upgrade for the MATIC on Ethereum to POL before staking via StaFi rToken App.
Upgrade Portal Interface: https://portal.polygon.technology/pol-upgrade
- The staked POL is still named as rMATIC after the Polygon network upgrade.
- rMATIC holders will receive POL after unstaking and withdrawal.
How to Stake POL with StaFi
Related Wallets
Metamask:
- Download Metamask from the Metamask Website.
- Once installed, follow the instructions to import an existing wallet or create a new one.
Go to POL staking page
Visit the POL staking page and click the “Stake” button.
Connect wallet
Click on the “Connect Wallet” button to connect your Metamask wallet.
Input staking amount
Enter the amount of POL you would like to stake. Review the amount of rBNB you will receive and the Annual Percentage Rate (APR) for staking. Click the “Stake” button to proceed.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your Metamask wallet. Confirm the transaction details, including gas fees. To proceed, click on the “Confirm” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Add rMATIC to your wallet
Navigate to the rMATIC Dashboard and click on the “Add rMATIC to Wallet” button. A Metamask prompt will appear, select “Add token” to include rMATIC in your wallet.
Track rewards
Monitor your staked POL and its rewards by visiting your Profile.
The rMATIC Token
The following are the addresses where rMATIC has been issued on different chains:
- Polygon: 0x9f28e2455f9ffcfac9ebd6084853417362bc5dbb
- Ethereum: 0x3dbb00c9be5a327e25caf4f650844c5dba81e34b
Additionally, rMATIC holders can participate in liquidity mining. To learn more about this opportunity, please visit this page.
If you need to bridge rMATIC, you can check the bridge guide.
Commission Fee
10% of POL staking rewards will be allocated to StaFi DAO.
Unstake
The rMATIC token has been updated to the EVM LSD architecture, allowing for unstaking directly on Ethereum without the need to bridge to the StaFi Chain.
Go to MATIC unstaking page
Visit the POL unstaking page, and proceed by clicking on the “Unstake” tab.
Input unstaking amount
Enter the desired amount of rMATIC you would like to unstake, and proceed by clicking on the “Unstake” button.
Confirm transaction and wait for confirmations
After clicking “Unstake,” you will be redirected to your Metamask wallet. Confirm the spending cap of MATIC and approve it.
Once confirmed, a second transaction pop-up for staking will appear. Confirm the transaction details, including gas fees. Click the “Confirm” button to sign the transaction.
Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Unbonding rMATIC takes 3-4 days before it can be withdrawn.
Withdraw unstaked tokens
rMATIC will need to be manually withdrawn from the Withdraw Tab on the rMATIC Dashboard once the unbonding period has ended. Click on “Withdraw” button to proceed.
Receive tokens
Verify the transaction and the associated Gas fees on your Metamask Wallet. To proceed, click on the “Confirm” button to sign the transaction. Upon confirmation of the transaction, POL tokens will be withdrawn and sent to your wallet.
