Polygon ecosystem is known for the best Business Development team in web3. They have onboarded all major real-world companies into the crypto industry, including Disney, Google, Starbucks, and others.
They are also expanding their system beyond the initial Proof-of-Stake sidechain, and now they offer a variety of solutions, including ZK EVM chain, Polygon ID for proof of personhood, all awaited launch of Polygon Miden - high-performance private ZK L2 on Ethereum and many other initiatives.
They have recently presented the Polygon 2.0 whitepaper, where they bring the next evolutionary change to the essence of what a staking token is.
P2P.org could not stand aside, so we are launching our own Polygon validator to participate in all those initiatives! If you also want to join this fastest-developing ecosystem, you can start staking your MATIC tokens with us.
If you already stake your MATIC, this guide will also provide information on how to restake with P2P.org validator - the leading infrastructure provider of the web3 ecosystem!
Step-by-step instruction - How to stake:
2. To start investing in Polygon now, you should have some MATIC tokens as ERC-20 tokens on your Ethereum wallet.
The most popular wallet solutions for Ethereum are Metamask, Coinbase Wallet, and Safe (former Gnosis Safe). You can also connect any other wallet using WalletConnect.
3. MATIC can be acquired either on Centralised Exchanges (like Coinbase, Binance, Kraken, and others) or decentralized exchanges or aggregators (1Inch, Uniswap, Curve, or others)
If you have bought your tokens on Centralised Exchange, first you need to transfer them to your wallet.
4. For all actions, you should also pay gas in ETH, so you will be required to have some ETH on the same wallet (approx. 0.01 ETH, but this value is volatile because of gas prices on Ethereum)
5. When you have acquired some MATIC & ETH, you can go to the official Polygon staking page at https://staking.polygon.technology/validators/162
6. Connect your wallet
7. Click Become a Delegator
8. A pop-up will appear
You will have to make two transactions:
9. Success! You are now a part of the fast-developing Polygon Ecosystem, and you help to secure the future L2 chain!
How to restake your MATIC with P2P.org:
1. Go to https://staking.polygon.technology, connect your wallet, and go to your account page:
2. There, you will have the "Move Stake" option:
3. Choose P2P.org and click "Stake Here":
4. Select the amount to restake, click Continue, sign the transaction, and everything's ready - you have moved your delegation to the P2P.org validator.
Have a question or want more info? Please speak with our support team on our official Telegram Channel here!
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<p></p><h3 id="joining-a-nomination-pool"><strong>Joining a Nomination Pool</strong></h3><p><strong>Bonding Requirements</strong>: Note that pooling your DOTs requires bonding them, and once pooled, it takes 28 days to withdraw them.</p><ol><li><strong>Connect to Polkadot Staking Dashboard</strong>: Link your Polkadot account to the Polkadot Staking Dashboard.</li></ol><p>2.<strong> Select and Join a Pool</strong>: On the dashboard, choose 'Pools'> 'Join.' Find the "<a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> nomination pool: 4.5% fee" pool.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-1.png" class="kg-image" alt loading="lazy" width="2000" height="675" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/11/Untitled-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2023/11/Untitled-1.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>3. Select a pool and click 'Join'.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-2.png" class="kg-image" alt loading="lazy" width="491" height="86"></figure><p>4. Bond DOTs and Submit: Decide the DOT amount to bond, remembering the minimum bond amount is 1 DOT, and you need at least 2.25 DOTs in your balance (1 DOT for the existential deposit requirement and ~0.25 DOT for the transaction fee) and click 'Submit.'’</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-3.png" class="kg-image" alt loading="lazy" width="612" height="353" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-3.png 600w, https://p2p.org/economy/content/images/2023/11/Untitled-3.png 612w"></figure><p>5. Sign the Transaction using your wallet.</p><p>6. When it’s done, your dashboard will show the information about the nomination pool.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-4.png" class="kg-image" alt loading="lazy" width="1830" height="780" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/11/Untitled-4.png 1600w, https://p2p.org/economy/content/images/2023/11/Untitled-4.png 1830w" sizes="(min-width: 720px) 720px"></figure><h3 id="leaving-a-nomination-pool"><strong>Leaving a Nomination Pool</strong></h3><ol><li><strong>Navigate to Pool</strong>: In the 'Pools' section, select the pool you wish to leave and click 'Leave.'</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-5.png" class="kg-image" alt loading="lazy" width="2000" height="603" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/11/Untitled-5.png 1600w, https://p2p.org/economy/content/images/size/w2400/2023/11/Untitled-5.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>2. <strong>Unbound and Submit:</strong> Review the unbonding amount, then click 'Submit.' Your funds will be available in Polkadot after 28 days.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-6.png" class="kg-image" alt loading="lazy" width="1184" height="344" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-6.png 1000w, https://p2p.org/economy/content/images/2023/11/Untitled-6.png 1184w" sizes="(min-width: 720px) 720px"></figure><p>3. <strong>Sign the Transaction</strong> using your wallet.</p><h3 id="how-to-manually-claim-your-pool-rewards"><strong>How to Manually Claim Your Pool Rewards</strong></h3><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> claims daily all validators’ rewards. In nomination pools, rewards must be manually claimed by the pool member and can be bonded back into the pool for compounding.</p><ol><li><strong>Access Pools Tab</strong>: Go to the Pools tab on the Polkadot staking dashboard, where your unclaimed rewards are displayed.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-7.png" class="kg-image" alt loading="lazy" width="1962" height="730" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/11/Untitled-7.png 1600w, https://p2p.org/economy/content/images/2023/11/Untitled-7.png 1962w" sizes="(min-width: 720px) 720px"></figure><p>2. <strong>Choose Reward Action</strong>:</p><ul><li>Click "Withdraw" to add staking rewards to your transferable balance.</li><li>Click "Bond" to return your rewards to the pool, increasing your stake.</li></ul><p>3. <strong>Claim Rewards</strong>: View the amount to claim and the estimated transaction fee. Click "Submit" and sign the extrinsic to claim your rewards.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/11/Untitled-8.png" class="kg-image" alt loading="lazy" width="1184" height="296" srcset="https://p2p.org/economy/content/images/size/w600/2023/11/Untitled-8.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/11/Untitled-8.png 1000w, https://p2p.org/economy/content/images/2023/11/Untitled-8.png 1184w" sizes="(min-width: 720px) 720px"></figure><p>All credits for used materials belong to W3F. Please refer to the community <a href="https://support.polkadot.network/support/solutions/articles/65000182376-staking-dashboard-how-to-join-a-nomination-pool?ref=p2p.org">guide</a> on how to join the nomination pool and the <a href="https://support.polkadot.network/support/solutions/articles/65000182399-how-to-use-staking-dashboard-claiming-nomination-pool-rewards?ref=p2p.org">guide</a> on how to claim rewards for more detailed information.</p><p>If you are using Ledger, please refer to the Ledger’s <a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">instruction</a>s on how to join the nomination pool from the Ledger.<br><br><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
<p>We are pleased to announce our new addition to the P2P.org staking solutions suite: <strong>The Cosmos Staking API</strong>. This feature is another milestone in our continuous efforts to allow businesses to tap into boundless staking opportunities for their customers and now offer staking within the Cosmos network. Whether staking assets for your enterprise or on behalf of your users, our Cosmos Staking API streamlines the process, taking your staking strategy to new heights.<br></p><p><strong>Diving into Cosmos Staking:</strong><br></p><p>Cosmos, with a market capitalization of $2.24 billion as of November 2023, offers a promising staking avenue with an annual percentage rate (APR) of 19.7%*. The network stands out with its real-time reward distribution, accruing approximately every 7 seconds, thus ensuring a steady reward stream. However, it's essential to note the 21-day unstaking period, during which your tokens remain non-transferable. While the rewards don't compound automatically, the no minimum staking amount feature makes it an accessible choice for many and an attractive option for your users.<br></p><p><strong>Why Opt for P2P's Cosmos Staking API?</strong><br></p><p>The P2P.org Cosmos Staking API is designed to offer an easy and cost-effective staking solution on the Cosmos network. Here are the core advantages of leveraging the P2P API and Infrastructure:<br></p><ul><li><strong>Reliable Infrastructure:</strong> Anchored on a threshold signers solution, our infrastructure promises enhanced security and robustness, delivering a higher-than-network average uptime.</li><li><strong>Trusted Handling:</strong> With $100 million worth of Cosmos assets already in our custody, we underscore our prowess and credibility in asset management.</li><li><strong>Long-Term Commitment:</strong> As a genesis validator for Cosmos Hub and multiple other chains, our support extends to over 20 projects, reflecting our enduring commitment to the ecosystem.</li><li><strong>Dynamic Contributors:</strong> Our active engagement in infrastructure, data, and development projects across Cosmos reaffirms our continuous support to the ecosystem.</li><li><strong>Around-the-Clock Support: </strong>Our dedicated 24/7 support is ready to assist with any queries or challenges, ensuring a seamless staking journey.<br></li></ul><p><strong>Unveiling the API's Features:</strong><br></p><p>The P2P Cosmos Staking API is engineered to be a user-friendly gateway to Cosmos staking, showcasing:<br></p><ul><li><strong>Effortless Connection: </strong>With a focus on simplicity, connecting to the Cosmos network via our API is a breeze. Our easy-to-use staking API documentation ensures a smooth integration. View API documentation<a href="https://docs.p2p.org/?ref=p2p.org"> here!</a></li><li><strong>User Dashboard:</strong> Easily manage and track your staking strategy in real time using our simple yet comprehensive staking dashboard.</li><li><strong>Robust Security:</strong> Our stringent security measures ensure the safeguarding of your assets at every step.<br></li></ul><p><strong>Seamless Integration with Comprehensive API Documentation:</strong><br></p><p>Embarking on your Cosmos staking journey with our Staking API is designed to be a straightforward process. Our meticulously curated documentation guides you through every step, ensuring a hassle-free integration.<br></p><p>We've provisioned separate endpoints for both testing and production environments, allowing for a robust testing phase before transitioning to a live setting.<br></p><p>Our documentation, accessible <a href="https://docs.p2p.org/?ref=p2p.org">here</a>, is crafted to provide a clear pathway, enabling a smooth transition from one phase to the next in your Cosmos staking setup.<br></p><p>Whether you want to grasp the basics or delve into the nuanced details of transactions, our documentation is a comprehensive resource tailored to facilitate a successful integration.<br></p><p>By integrating the P2P.org Cosmos Staking API, you are not only ensuring superior staking services for your clients but also aligning with a reliable and seasoned staking partner in P2P.org.<br></p><p>Check out some of our detailed blog posts to delve deeper into Cosmos Staking.<br></p><ul><li><a href="https://p2p.org/economy/cosmos-staking-guide-keplr-ledger/">Cosmos Staking Guide</a></li><li><a href="https://p2p.org/economy/slashing-overview-in-cosmos-network/">Slashing Overview in Cosmos Network</a></li><li><a href="https://p2p.org/economy/5-reasons-to-stake-your-atoms/">5 Reasons to Stake Your ATOMs</a><br><br></li></ul><p>We look forward to working with you as we explore the immense potential of Cosmos staking together. Learn more about the features of our <a href="https://p2p.org/products/api?ref=p2p.org">Staking API here!</a><br></p><p>Have a question or want more info? Please speak with our support team on our official <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram Channel here!</a></p>