Lido on Polygon is a liquid staking solution for MATIC backed by industry-leading staking providers. Lido lets users earn MATIC staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets. Lido on Polygon gives users options to:
- Stake their MATIC tokens in a decentralized and secure way
- Use their stMATIC on the secondary market
- Do all of the above simply and easily with a click of a button on the UI
When staking with Lido on Polygon, users receive stMATIC tokens as soon as they submit MATIC. Lido will calculate the current stMATIC/MATIC ratio and send the correct amount to the user. MATIC tokens are then delegated across Polygon validators that are part of Lido on Polygon.
