Polygon Arrives on Bitfinex With Up to 41.7% Staking Rewards

Polygon’s native MATIC token is now available for staking on the Bitfinex platform!

Users can stake MATIC by depositing their tokens to eligible wallets in their Bitfinex accounts and automatically receive rewards of up to 41.7% per year. The rewards are paid out in MATIC on a weekly basis.

Founded in 2012, Bitfinex is a digital token trading platform offering services for traders and global liquidity providers. It is leveraging its position as a one-stop shop for digital token trading offering a variety of services, including margin trading with up to 10x leverage. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens.

“We’re delighted to announce the launch of staking for MATIC,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate a ready uptake for this service, adding to the suite of digital tokens that we have available for staking on the platform.” 

Before you jump in, some important fine print on the staking service. The annual reward is an estimate and actual annualized payout may differ. Bitfinex makes no guarantees regarding the amount of any staking token rewards.

With that out of the way, begin by checking out Bitfinex’s terms of service. (Please note that U.S. persons are strictly prohibited from directly or indirectly holding, owning or operating an account.) Sign up for an account here and start earning rewards! To learn more about Polygon, check out the links below.

Website | Twitter | Ecosystem Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook


More from the Polygon Blog
The Many Lives of Tokens

Tokens are the élan vital of Web3 networks, and projects are often perceived through the price at which they trade. But token price, subject to market sentiment and speculation, is not synonymous with token value. To understand the fundamentals, we must first unpack the different ways that value accrues to tokens in the new Internet […]

Read More
Going Beyond the Green Manifesto: Our New Impact Commitment 

With Ethereum’s Merge finally upon us, we’ve been thinking about how this historic milestone will affect our sustainability efforts. Polygon’s initial commitment to become carbon neutral and eventually carbon negative was largely addressing emissions generated by our relationship with Ethereum. The Merge dramatically changes that equation. Ethereum’s transition from Proof-of-Work to Proof-of-Stake consensus, known as […]

Read More
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience 

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]

Read More
Polygon Avail’s Ability to Scale: What We Can Improve Next

The Polygon Avail Testnet is now live. As users begin incorporating Avail into their chain designs, a question that often comes up is, “How many transactions can Avail process?” This is Part Two in a three-part series of articles that will address Polygon Avail’s current performance, as well as its ability to scale in the […]

Read More
Ethereum Merge FAQ and Common Misconceptions

Ethereum’s much-anticipated transition to the proof of stake (PoS) consensus, known as the Merge, is almost upon us. It’s a momentous event with broad-ranging implications for the greater Ethereum ecosystem. So we wanted to provide a definitive list of frequently asked questions (and answers) as well as address some of the common misconceptions, both of […]

Read More
Polygon-Powered Icetea Labs Accelerator Launches With 6 Startups

Polygon has teamed up with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.  Working in a tight three-way partnership, Polygon is co-creating an accelerator to funnel resources, mentorship, education, and business acumen to promising Web3 companies from around the world. The startups selected for the accelerator […]

Read More
Apply to Polygon Bootcamp Africa and Kickstart Your Web3 Developer Journey

Applications are open for Polygon Bootcamp Africa, launched in partnership with Xend Finance! The eight-week intensive educational course and hackathon combo will put developers in Africa on the Web3 map.  This is Polygon’s biggest step in providing resources to developers, builders, and creators in Africa, and it comes during an important time.  An internet and […]

Read More
ZK White Paper: Efficient ZK Proofs for Keccak

As part of our ongoing efforts to inform the Ethereum community about the efforts of Polygon’s zero-knowledge (ZK) teams, we will be posting a series of technical papers by our engineers and researchers. We hope that everyone who’s interested in the inner workings of Polygon’s ZK projects, Ethereum itself, and cryptographic engineering in general will […]

Read More
crossmenuchevron-down-circle