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Lido for Polygon is a liquid staking solution for MATIC supported by leading staking providers. With Lido, users can earn MATIC staking rewards without the need for infrastructure maintenance. They can also trade staked positions and participate in on-chain decentralized finance using their staked assets. Lido for Polygon offers users the following options:
1. Stake MATIC tokens in a decentralized and secure manner. 2. Utilize their stMATIC on the secondary market. 3. Easily perform all of the above with a simple click of a button on the user interface.
stMATIC is an ERC20 token that represents the user's share of the total supply of MATIC tokens within the PoLido system. It is a non-rebasable token, meaning that the amount of tokens in the user's wallet will not change. However, the value of this token may fluctuate over time as the amount of MATIC tokens within the protocol is not constant.
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