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Lido for Polygon is a liquid staking setup for MATIC, supported by top-tier staking providers. With Lido, users can collect MATIC staking rewards without having to run and maintain infrastructure, and they can also move their staked positions. It further allows users to use their staked assets in on-chain decentralized finance. Lido for Polygon provides users with options to:
Stake their MATIC tokens in a decentralized and secure mannerTrade their stMATIC on the secondary marketDo all of the above with a simple, one-click action through the UI.stMATIC is an ERC20 token that reflects the user’s portion of the overall MATIC token supply within the PoLido system. It is a non-rebasable token, so the number of tokens held in a user’s wallet will not change. Over time, the token’s value shifts because the amount of MATIC held in the protocol is not fixed.
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