Staking MATIC with StaFi
How to Stake MATIC with StaFi
Related Wallets
Metamask:
- Download Metamask from the Metamask Website (opens in a new tab).
- Once installed, follow the instructions to import an existing wallet or create a new one.
Go to MATIC staking page
Visit the MATIC staking page (opens in a new tab) 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 MATIC 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 (opens in a new tab) 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 MATIC and its rewards by visiting your Profile (opens in a new tab).
The rMATIC Token
The following are the addresses where rMATIC has been issued on different chains:
- Polygon: 0x9f28e2455f9ffcfac9ebd6084853417362bc5dbb (opens in a new tab)
- Ethereum: 0x3dbb00c9be5a327e25caf4f650844c5dba81e34b (opens in a new tab)
Additionally, rMATIC holders can participate in liquidity mining. To learn more about this opportunity, please visit this page (opens in a new tab).
If you need to bridge rMATIC, you can check the bridge guide.
Commission Fee
10% of MATIC 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 MATIC unstaking page (opens in a new tab), 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, MATIC tokens will be withdrawn and sent to your wallet.
