[Aggressive-Pup-28Participant]

Planning to move my MATIC out of Binance but saw the staking pools are only on the Eth network. Obviously, I changed my mind due to high gas fees.

This made me curious why is staking unavailable on Polygon? Seems like it will help as well on decentralization especially if the fees were lower

[irremarkable]

Okcoin offers it at 15% APY

[vegetarchy]

I think this is one of MATICs strongest detractors.

For now, I:

* collateralize on AAVE for amWMATIC (you could stop here and make ~4%)
* deposit those tokens to Mai for camWMATIC
* borrow MIMATIC stablecoins (40% max LTV, buy dips to help ratio)
* Finally, deposit those to Balancer stablecoin pool, which pays a variable rate (15-20%), and all the aforementioned projects pay incentives for another 5-10%.

Certainly riskier than plain old delegated staking, and it takes more work (and who knows how long these rates/incentives will last), but it is also more decentralized than lending your coins to a CEx

[bigwinw]

This is the one coin I have not staked because of ETH gas fees. Now I just flip it on the ups and downs. Gained 500 Matic just 2 weeks ago.

[HurricaneHenry]

Why move out of Binance?

[Emevete]

If wish I have read this before I tried to stack MATIC.. I had to use eth network and paid fee after fee after fee… Then in the last moment they ask me for literally a fee half of my stacking amount.. And decided to abort everything right there… Yeah, I’m new into this, but now I have learn.

[Shelly-T]

12% on Crypto.com easy peasy… stake it and forget it..very basic…simple Magic J hook shot…🏀🗑

[BlocksUnited]

We run a Polygon validator node at Blocks United. My understanding is that we validators are on Ethereum for a couple reasons, to leverage Ethereum’s security and because Polygon was built as a scaling solution on top of Ethereum as the core layer.

At one point within the last year there was talk about moving validators to Polygon, but I haven’t heard anything in many months. I’m sure it’s a super complicated process.

Please know that we yield just over 11% because ETH fees deter people. If fees were lower more people would stake and so the yield would fall.I tell our delegators to check coingecko.com regularly for real time ETH fees and when they’re near 40 (which isn’t often) it’s a good time to move funds, and to only plan on claiming and restaking rewards a couple times each year.

Not being able to compound returns as quickly as other chains sucks, but it’s our reality.

[Sulla_The_God]

I’ve got a nice💰staked on Polygon. I’m gonna HODL. I’ve been staked since May when Elon crashed the market. It’s free tokens that have use. I believe staking is for 5 years before Matic goes to fees. This is year 2🙂. Also my Validator responds to any questions that I have so….

[Waddamagonnadooo]

Staking has a purpose (it’s not a put money in, money comes out machine, although generally it’s made simple enough so it is basically just that). In order to inherit some level of security from the Ethereum network, staking must be done there.

[benjamintiffany]

You can send your matic coins via polygon or bsc network to your wallet on crypto.com and stake on there.

[crypt0_marc]

MATIC is pretty much at a logjam due to ETH gas fees. It’s ridiculous

[GetLitUpYo]

The sandbox lets you stake on polygon in a sand-matic pair pool. Its new. Look into it. The game seems cool if you like nfts and socializing

[aphillyatd420]

Celsius is 9.1% lmk if you want a referral link they have a free bitcoin referral thing to. I’m not sure if it’ll break the rules to post my link

[hashbar2]

It always confuses me how people hype Polygon as some kind of solution for gas fees but Polygon is a huge victim of said gas fees. Sand staking is a step forward but just one step of many needed.

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