Guide to Staking Polygon (POL)

What is Polygon and how does it work?

Polygon originally known as Matic Network, was founded in October 2017 and rebranded in 2021. It serves as a Layer 2 scaling solution for Ethereum, aimed at improving transaction speed and reducing costs by operating alongside the Ethereum blockchain.
How Polygon Works
Polygon enhances Ethereum's scalability by using various technologies, including rollups, which aggregate and process multiple transactions off-chain before submitting them back to the Ethereum main net as a single, compressed proof. This method significantly reduces the workload on the Ethereum blockchain, resulting in lower transaction fees and faster processing times.

The network operates on a Proof-of-Stake (PoS) consensus mechanism. Validators secure the network by verifying transactions and maintaining the blockchain, while delegators can stake their MATIC tokens indirectly through trusted validators. This setup not only improves efficiency but also enables users to earn rewards.

How to Stake Polygon with KEYNODE

1.Introduction

Staking Solana is a great way to earn passive income while supporting the Solana network. With KEYNODE, you have a reliable and experienced platform to make the staking process simple and secure. As one of the most trusted names in the crypto staking industry, KEYNODE offers users a seamless way to stake Solana, backed by over a decade of expertise and a global user base of over 10 million people. Let’s explore how KEYNODE can help you get started with staking Solana today.

2.KEYNODE's Polygon Staking Product Features

a. Minimum Staking Amount
To begin staking Polygon on KEYNODE, the minimum required amount is $1,000. This ensures that users can start earning significant rewards while supporting the network.

b. Staking Duration and Verification
Each staking period lasts for three days. After three days, the system automatically releases the staked funds, providing flexibility and ease of access to your assets. This short duration allows you to reinvest or withdraw based on your preferences.

c. Frequency of Rewards
Staking rewards are credited to your account daily. For example, if you stake $1,000, you’ll earn $13 per day, totaling $39 over the three-day period. With rewards arriving daily, you can see your earnings grow consistently.

Additionally, if you refer someone who stakes Polygon through this service, you’ll receive a $10 referral bonus. It’s a great way to increase your earnings while helping others explore the benefits of staking on KEYNODE. Start staking and referring today to enjoy these daily profits in your account!

3.Step-by-Step Guide to Stake Polygon on KEYNODE

a.Create a KEYNODE Account
To start, sign up by entering your username, email, and password. Make sure to remember your username and password, as they are crucial for accessing your account.

b.Fund Your Account
After logging in, go to the dashboard and click on the "Staking List". From there, select the "Polygon" staking option.

c.Choose Payment Method
Next, select your preferred payment method. You can use USDT, BTC, ETH, LTC, or other supported currencies. Ensure you input at least $1,000, as this is the minimum required to stake Polygon.

d. Start Staking
Once your payment is successfully processed, the system will automatically start staking. Your Polygon staking process will begin, allowing you to earn rewards immediately.

e. End Staking
Due to the volatility of cryptocurrency prices, this staking product has a cycle of 3 days. After the 3 days, your $1,000 investment will be returned to your account. At this point, you can reinvest by purchasing a new staking cycle or withdrawing all of your funds. This flexible option allows you to adapt to market conditions and manage your investments as needed.

4.Conclusion

Staking Polygon with KEYNODE offers a straightforward way to stake your cryptocurrency while supporting the Polygon network. With an easy setup, daily profit settlements, and a flexible 3-day cycle, KEYNODE provides a reliable platform for staking. Whether you choose to reinvest or withdraw your funds, you have full control over your investments. Start staking today and experience the benefits of staking Polygon with a trusted platform. Thank you for choosing KEYNODE as your staking partner!