Polygon Updates Distribution of Staking Rewards

Polygon - MATIC has been going through some of the biggest growth changes ever during this bear market. It's one of the few crypto tokens/blockchains that has expanded and increased in value during this downturn.

One of the most recent changes is the first ever ZK innovation which I wrote about in more detail in this post Zero-Knowledge Rollups on Polygon which is actully a huge step forward for blockchains. Once theory is now becoming reality and that in itself is powerful.

Update on Staking Rewards

If you didn't know Polygon offers up staking rewards where you can stake your polygon matic tokens and earn a APR. 12% of the total supply of Polygon tokens was locked up to be used as emissions for these staking rewards. This is a 5 year program which is now moving into its third year. This incentive has been huge for the adoption of Polygon PoS ecosystem and create a more decentralized blockchain with voting.

This chart shows the update and what's going to happen this year. As you can see year two had a much higher print than anticipated over 37 million million in total. This will reduce the suspected emissions for this year to 209 million total tokens which is a decrease of over 100 million tokens to be awarded this year through proof of stake. Not only will this make it a little harder to stake and earn polygon matic tokens but it also reduced the new emissions of the token through this method.

Quick History of Polygon

Polygon has been on a fast paced increase in terms of adoption in the crypto community. Last year it saw the incorporation into Aava, Uniswap and Opensea.

Draftkings was one of the newest additions in March.

The Future

Polygon still has much growth under it's belt including some cutting edge tech. This is putting it at the forefront of many large big companies and projects going on. It also has good connections with Ethereum itself as they are former devs of Ethereum and left on good terms. This makes Polygon layer 2 token of Ethereum one of the most accepted layer 2 scaling tokens there are.

Did you know you can use your Polygon Matic tokens in the DeFi space as well? Check out PolyCub to see liquidity and reward options.

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