Stake POL

❗️

MATIC Upgraded to POL

As of September 4th, 2024, POL will replace MATIC as the gas and staking token on Polygon PoS (Proof of Stake) and Polygon zkEVM.

Here’s what you need to know:

• MATIC Stakers: No action is required. All staked MATIC will be converted to POL.
• MATIC Holders on the Polygon PoS network: No action is required. Your tokens will be automatically migrated 1:1 to POL.
• MATIC Holders on the Ethereum network or Polygon zkEVM: You’ll need to migrate your tokens. For more details, please refer to the migration guide here.
• To stake POL: You'll need to sign the bootstrap transaction. If you want to stake or unstake MATIC without migrating to POL, call the Staking API with MATIC as the token type.

This article provides a brief guide for staking POL using the Blockdaemon app - Polygon Dashboard.

🚧

Notes

• Staking on Polygon requires POL for gas fees in your connected wallet.
• The minimum stake amount is 1 POL.

Follow the steps outlined below:

Step 1. Access Polygon Dashboard

1. Go to Staking > Stake In-App menu.
2. Select Stake from the Polygon protocol.

Step 2. Connect Your Wallet

1. Click the Connect button under Connect Wallet.

2. Connect your wallet from the available wallet options. This will take you to your wallet account and dashboard, where you will be prompted to connect to the Blockdaemon app.

📘

Info:

If you do not see your desired wallet, click All Wallets.

3. Upon successful connection, you'll see Wallet Connected and the wallet's information at the top of the page.

Step 3. Stake Your POL

1. After connecting your wallet, enter the staking amount. This will update the values in the Transaction Summary box.
   1. GWEI (Gas Price in Gigawei) is a unit used to measure the transaction fee on the Ethereum network. If your network fee is very small, it will be displayed in GWEI on your dashboard.
2. Click Stake to proceed.

Step 4. Confirm the Transaction

A transaction is created. This process generates an unsigned transaction transferring designated POL tokens from your wallet to the Polygon network.

1. Sign the transaction in your wallet.

❗️

Note:

If the user rejects the transaction or the wallet connection fails, the Wallet Signature may result in a failed response. Click the "Try Again" button to retry and overcome this issue.

2. Wait for confirmation, as the transaction may still be broadcast to the Polygon network.

Step 4.1. Conditional Step for New POL Validators

If you're staking POL for the first time, you must bootstrap your wallet for Polygon's delegation process. This step involves signing a bootstrap transaction of $0 in your wallet to approve the connection.

Step 5. Transaction Complete

Congratulations, you have staked POL powered by Blockdaemon!

View your validator address and its Total Staked on the Polygon dashboard.

🚧

Info:

Your stake actions may not reflect immediately on the dashboard as data is updated every 24 hours. Check back later to view your updated position.

👋 Need Help?

Contact us through email or our support page for any issues, bugs, or assistance you may need.