Lido on Polygon

Lido on Polygon is a liquid staking solution for MATIC backed by industry-leading staking providers. Lido lets users earn MATIC staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets. Lido on Polygon gives users options to:

• Stake their MATIC tokens in a decentralized and secure way
• Use their stMATIC on the secondary market
• Do all of the above simply and easily with a click of a button on the UI

Learn more here

You should unstake by following the same steps as before. Your stMATIC accrued staking rewards until February 3rd, 2025. On that date, all node operators were offboarded, and the stMATIC/MATIC rate is now fixed. Unstaking in the UI will be available until June 16th 2025. After that, unstaking will be indefinelty possible using explorer tools.

When staking with Lido on Polygon, users receive stMATIC tokens as soon as they submit MATIC. Lido will calculate the current stMATIC/MATIC ratio and send the correct amount to the user. MATIC tokens are then delegated across Polygon validators that are part of Lido on Polygon.

Liquid staking protocols allow users to earn staking rewards without locking assets or maintaining staking infrastructure. Users can deposit tokens and receive tradable liquid tokens in return. The DAO-controlled smart contract stakes these tokens using elected staking providers. As users funds are controlled by the DAO, staking providers never have direct access to the users' assets.

stMATIC is an ERC20 token that represents the account’s share of the total supply of MATIC tokens inside Lido-on-Polygon system. It is a non-rebasable token, which means that the amount of tokens in the user’s wallet is not going to change. During time, the value of this token is changing, since the amount of MATIC tokens inside the protocol is not constant.

Staking with Lido you get stMATIC on the Ethereum network, however you can also bridge them to the Polygon network via Polygon PoS bridge. So stMATIC is supported by a variety of DeFi applications across Ethereum and Polygon networks (Balancer, Curve, Beefy, Dystopia, Kyber, Quickswap etc...)

Waiting period is around 3-4 days. After that, you will be able able to claim your withdraw request. Source: Polygon documentation

On September 4th, Polygon underwent an upgrade to the POL token. This upgrade is fully backwards compatible, and Lido on Polygon continues to operate normally. In other words, Lido on Polygon continues to accept the MATIC token for stMATIC, accrue rewards in MATIC, and, upon withdrawals, return MATIC tokens.

LDO is an Ethereum token granting governance rights in the Lido DAO. The Lido DAO governs a set of liquid staking protocols, decides on key parameters (e.g., fees) and executes protocol upgrades to ensure efficiency and stability. By holding the LDO token, one is granted voting rights within the Lido DAO. The more LDO locked in a user’s voting contract, the greater the decision-making power the voter gets.