Polygon (POL)

Polygon is a Layer 2 scaling solution for Ethereum and an EVM compatible sidechain.

Polygon’s multi-chain architecture offers a suite of solutions that cater to different needs within the decentralized ecosystem. These solutions include Polygon PoS (Proof-of-Stake), Polygon zkEVM (Zero-Knowledge Ethereum Virtual Machine), and Polygon Miden, among others. Each of these components serves a specific purpose, such as improving transaction throughput, enhancing privacy, or providing app-specific chains. Polygon’s architecture is designed to be flexible, modular, and developer-friendly, making it an ideal choice for businesses and projects seeking to leverage the power of blockchain technology.

Meet With Us to Stake POL

Figment Validator Address:

0x6ae6c540c7b110d5c01cb9bc23297a013f9f4982

Market Cap

$821.2M

Staking Reward Rate*

3%*

Price

$0.08

Auto-Compounding

No

Reward Frequency

1 Checkpoint (< Hour)

Activation

1 Hour

Withdrawal

3-4 Days

Slashing Penalties Enabled

No

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake Polygon With Figment?

• The Polygon mainnet launched on October 15, 2017
• POL is the native token of the Polygon ecosystem and is used for transaction fees, staking, and governance on the network
• Ethereum scalability Layer 2 with zkEVM performance and security
• 7,000+ decentralized applications (dApps) running on the network
• Leading Layer 2 scaling solution on Ethereum

Polygon Staking FAQ

What is the name of the asset being staked?+

The native token on Polygon is called POL. POL is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism.

Where can I explore the network and create a Polygon wallet?+

Explorer: https://polygonscan.com/

Wallet: https://metamask.io/ (recommend using with Ledger hardware wallet)

Staking Dashboard: https://wallet.polygon.technology/staking/

How long does it take to stake and unstake?+

The unbonding period on Polygon is currently set to 82 checkpoints. Every checkpoint takes about 34 minutes but this could be further delayed up to approx. 1 hour if the Ethereum network is congested.

Will I keep receiving rewards after I unbond?​+

No. Once you unbond you stop receiving rewards.

Which type(s) and what rate of rewards can I expect?+

Stakers are expected to earn newly-issued POL tokens and platform fees with an estimated 8% SRR. Rewards vary significantly based on the total supply of tokens being staked. You can use the Staking Rewards Calculator to estimate your rewards.

When do rewards get distributed?​+

Rewards are distributed whenever a checkpoint is submitted, which occurs every 34 minutes approximately.

How are staking rewards disbursed?+

Once the unbonding process is complete and rewards are claimed, tokens are automatically transferred to your account.

Are staking rewards liquid or automatically staked?+

Rewards are distributed at every checkpoint, which is currently every 34 minutes approx. Rewards are claimed automatically, restaking however must be done manually.

What affects future rewards?+

Rewards earned change at each checkpoint since they are strictly related to the total locked supply in the network. Therefore, rewards are expected to vary significantly as more POL are staked. Rewards are initially higher and will keep decreasing over time as the percentage of locked supply increases.

Can I lose potential staking rewards?+

Once the unbonding period is finalized, if you don’t wish to redelegate, your rewards are automatically claimed and transferred to your account. Validators instead might be subject to slashing penalties that can affect your staking rewards. Figment protects clients from slashing thanks to an on-chain and off-chain staking coverage and has never incurred in a slashing event.

Can my staked POL be slashed (seized or destroyed)?+

There is currently no slashing on POL staking. What is the rate of new issuance (aka “annual inflation”) for POL? How does the token supply change? There is a targeted 13.09% inflation rate. Polygon allocates 1.2 billion tokens as staking incentives for the first five years.

What is the total supply of the POL token?+

The total supply of POL tokens is 10 billion, of which 12% is allocated to fund the staking rewards for the first 5 years. The first year will see the maximum number of tokens allocated as staking rewards; at the end of this 5 years period transaction fees should support validators/delegators without the need of tapping into the network’s treasury. Do I maintain custody of my POL tokens? Who or what controls my staked POL token? Yes, you always maintain custody of your POL tokens, although tokens will be locked within the protocol throughout the unbonding time. Figment has partnerships with a number of top-in-class custodians: For inquiries, please contact sales@figment.io.