Powering the
Polygon experience
The platform enables interaction with a multitude of dApps operating within its ecosystem, while also serving the purpose of network security through the process of staking.
You can put your digital assets to work.
EARN WITH STAKING
Although staking shares some similarities with the traditional bank deposit model, there are certain differences that limit the effectiveness of this analogy.
Total Supply:
7.1 Million
WHAT IS STAKING?
The concept of staking in the world of cryptocurrency can either be kept simple or explored in greater depth, depending on one's level of interest and understanding.
While some users may only be concerned with the ability to earn rewards by holding specific cryptocurrencies, it is still beneficial to have at least a basic understanding of the underlying mechanics and principles behind staking.
HOW DOES STAKING WORK?
By staking a portion of your cryptocurrency holdings, you can earn a reward over a period of time. This is made possible because the blockchain network utilizes your staked crypto as part of the consensus mechanism called Proof of Stake, which ensures the verification and security of all transactions without the need for a financial intermediary.
Therefore, staking your cryptocurrency allows it to actively participate in this process.
WHAT PROOF OF STAKE?
Proof of Stake is a recently developed consensus mechanism that aims to enhance the speed and efficiency of blockchain networks while reducing associated fees.
One of the primary ways it achieves this is by eliminating the need for miners to solve complex mathematical problems, which can consume a significant amount of energy. Instead, the validation of transactions is performed by individuals who stake their tokens, which leads to cost savings.
Reduce Volatility
Staking refers to the act of holding and locking up a certain amount of cryptocurrency in a blockchain network to help validate transactions and earn rewards. By staking, investors can reduce volatility by earning a predictable income stream and reducing the temptation to sell during market downturns, thereby stabilizing the price of the cryptocurrency.
Market Stability
Staking can contribute to market stability by incentivizing long-term holding and reducing the amount of cryptocurrency available for trading. This can help to dampen price volatility and promote a more stable and sustainable market. Additionally, staking rewards can provide investors with a predictable income stream, further encouraging them to hold their assets and contribute to market stability.
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