Overview

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Ledger now allows users to liquid-stake Polygon on the Matic network without needing to bridge them to Ethereum. This is done through Stader, which can be accessed via Today’s guide is about staking MATIC in Polygon Wallet via Metamask and Ledger. The guide includes sections:more

How to Stake Polygon (MATIC) with Ledger and MetaMask: A Comprehensive Guide

Want to earn rewards on your Polygon (MATIC) holdings? This guide provides a step-by-step walkthrough on how to stake your MATIC using your Ledger hardware wallet in conjunction with MetaMask. We\'ll explore two popular methods, ensuring your assets remain secure while you participate in the Polygon network\'s validation process.

What You\'ll Need:

  • A Ledger hardware wallet (Nano S, Nano S Plus, or Nano X)
  • MetaMask browser extension
  • Some MATIC tokens
  • Ledger Live application (updated)

Method 1: Staking MATIC in Polygon Wallet via Metamask and Ledger

Today’s guide is about staking MATIC in Polygon Wallet via Metamask and Ledger. The guide includes sections:more This method involves using the official Polygon web wallet and connecting it to your MetaMask wallet, which is secured by your Ledger.

Steps:

  1. Connect your Ledger to your computer and unlock it. Ensure the Ethereum app is open on your Ledger device.
  2. Connect MetaMask to your Ledger. In MetaMask, click on your account icon and select "Connect Hardware Wallet." Follow the prompts to select Ledger and choose the appropriate derivation path.
  3. Access the Polygon Wallet. Navigate to the official Polygon web wallet (wallet.polygon.technology).
  4. Connect MetaMask to the Polygon Wallet. On the Polygon Wallet, click on the "Connect Wallet" button and select MetaMask.
  5. Authorize the connection. MetaMask will prompt you to authorize the connection between the Polygon Wallet and your MetaMask wallet.
  6. Select a Validator. Choose a validator to delegate your MATIC to. Research validators based on their uptime, commission, and reputation.
  7. Delegate your MATIC. Enter the amount of MATIC you want to stake and click "Delegate."
  8. Confirm the transaction. Review the transaction details in MetaMask and confirm the transaction on your Ledger device. This requires physically pressing the buttons on your Ledger.
  9. Claim Rewards. Periodically claim your staking rewards from the Polygon Wallet.

Method 2: Liquid Staking Polygon (MATIC) with Ledger and Stader through MetaMask

Ledger now allows users to liquid-stake Polygon on the Matic network without needing to bridge them to Ethereum. This is done through Stader, which can be accessed via Stader provides a way to stake your MATIC and receive stMATIC tokens, which represent your staked MATIC and accrued rewards. This provides liquidity, as stMATIC can be used in other DeFi applications.

Steps:

  1. Connect your Ledger to your computer and unlock it. Ensure the Ethereum app is open on your Ledger device.
  2. Connect MetaMask to your Ledger. In MetaMask, click on your account icon and select "Connect Hardware Wallet." Follow the prompts to select Ledger and choose the appropriate derivation path.
  3. Navigate to Stader Polygon. Go to the Stader Polygon website (research the correct URL – be wary of phishing scams).
  4. Connect MetaMask. Connect your MetaMask wallet to the Stader platform.
  5. Stake MATIC for stMATIC. Enter the amount of MATIC you want to stake. Stader will show you the current conversion rate between MATIC and stMATIC.
  6. Confirm the Transaction. Review the transaction details in MetaMask and confirm the transaction on your Ledger device.
  7. Receive stMATIC. You will receive stMATIC tokens in your MetaMask wallet, representing your staked MATIC.
  8. Unstake (Optional). You can unstake your stMATIC back to MATIC after a cool-down period, according to Stader\'s terms.

Important Considerations:

  • Security: Always keep your Ledger device safe and secure. Never share your seed phrase with anyone.
  • Validator Selection: Research validators carefully before delegating your MATIC. Consider factors like uptime, commission, and reputation.
  • Transaction Fees: Be aware of transaction fees (gas fees) on the Polygon network.
  • Staking Risks: Staking involves some risk. Your MATIC could be slashed if a validator you delegate to misbehaves.
  • Unstaking Periods: Be aware of any unstaking periods or cool-down periods before you can access your MATIC.

Conclusion

Staking Polygon (MATIC) with your Ledger and MetaMask is a secure and rewarding way to participate in the Polygon network. Choose the method that best suits your needs and risk tolerance. Remember to always prioritize security and research before making any financial decisions.

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