stMATIC Lido Staked Matic

Lido for Polygon is a liquid staking solution for MATIC, backed by industry-leading staking providers. This solution allows users to earn MATIC staking rewards without the need to manage infrastructure and enables them to trade their staked positions and participate in on-chain decentralized finance with their staked assets. With Lido for Polygon, users have the following options:

• Stake their MATIC tokens in a decentralized and secure manner
• Utilize their stMATIC on the secondary market
• Perform all of the above with ease using the intuitive UI

stMATIC is an ERC20 token that represents the user’s share of the total MATIC supply within the PoLido system. It is a non-rebaseable token, meaning the amount of tokens in the user’s wallet remains constant. However, the value of this token fluctuates over time due to changes in the amount of MATIC tokens within the protocol.