Matic is a cryptocurrency that is built on the Ethereum blockchain. It was created to help solve some of the scalability issues that Ethereum faces.
Why stake Matic?
02.
Staking Matic allows you to earn rewards in the form of more Matic coins. Additionally, staking helps to secure the network and keep it running smoothly.
Choose a staking platform
03.
To stake Matic, you'll need to choose a staking platform that supports it. Some popular options include Binance, Coinbase etc.
Buy Matic
04.
Before you can stake Matic, you'll need to buy some. You can do this on a cryptocurrency exchange that supports Matic.
Transfer Matic to your staking account
05.
Once you have purchased Matic, you'll need to transfer it to your staking account on the platform you've chosen.
Choose your staking option
06.
While staking Matic you can choose between different validators, and you can also choose between staking for a fixed amount of time or staking with a flexible timeframe.
Start staking
07.
Once you've chosen your staking options, you can start staking your Matic coins and start earning rewards, as your coins help to secure the network.
Monitor your rewards
08.
As you stake Matic, you'll earn rewards in the form of more Matic coins.
Make sure to monitor these rewards, and consider reinvesting them to grow your earnings.
That's it! With these 8 steps, you'll be well on your way to staking Matic and earning rewards.