This staking guide shows how you can stake with AUDIT.one.
However, please note that you can use any other validator of your choice.
Read our article why it is important to spend some time choosing the right validator before you stake.
How to stake MATIC tokens with Polygon¶
Before continuing with this guide please be sure that:
- You have a Crypto wallet
- You have MATIC tokens in your wallet
- You know what staking is.
- You understand the risks involved with staking
1. Go to the Polygon staking page¶
Which you can easily access by clicking this link: Stake MATIC
2. Choose AUDIT.one as your validator¶
You can either do this by scrolling down in the list until you find our logo or you can type in AUDIT.one in the search bar.
Once you've found it, click Delegate on the right side:
If you click on our name in stead of Delegate you will be redirected to this page with some additional info on AUDIT.one.
You will not only see things like the validator fee, your own MATIC balance, the total amount of MATIC staked with AUDIT.one, the amount of staked assets that are selfstaked, but also the total amount of rewards that have been already earned by staking with us. If you're interested you can even see how many delegators are staking with AUDIT.one and how much they are staking.
Once you're happy with what you see, click on Become a delegator to continue.
Want to get more info about this commission fee? Go to what is a validator fee?
3. Choose the amount you wish to delegate¶
Once you've clicked on delegate (or become a delegator), you will see this screen:
You will be asked to put in the amount of MATIC you wish to stake before you can continue.
By clicking the word 'MAX' on the right side of the entry bar, the maximum available amount will be filled in automatically.
(It might be a good idea to keep a small amount of tokens in your balance to use for future transactions like claiming rewards for example)
Once you've decided how many tokens you wish to stake, hit the Continue button.
You will be asked to confirm the transaction with your wallet and will get to see the estimated transaction fee.
The higher the fee you are willing to pay, the faster the transaction will be completed. Why are there transaction fees?
Keep in mind that for staking MATIC, you will also have to pay a delegation fee!
Once you agree with this fee, click Delegate and wait for your transaction to be succesfull.
You have now succesfully staked your MATIC tokens!
4. Claim rewards and restake regularly to benefit from compounding effects¶
Make sure to come back to the Polygon staking dashboard to see the status of your delegations.
You can claim your pending rewards by clicking on the Withdraw reward button.
In this case rewards will be added to your total MATIC balance and will be available for trading or restaking.
If you want to restake your rewards directly, then you should click the Restake reward button.
By doing this, your rewards will be added to your staked balance and they will generate compound interests.