Staking & Delegation Update – Matic Network

1 min read

Summary

  1. Staking UI to be publicly available on testnet by 15th June and functional for our Staking Education Initiative. Participants will be able to experience live delegation to validator nodes on testnet. Register here to take part.
  2. Final staking & delegation to Foundation nodes on the Matic mainnet to go live on or before 29th June.
  3. Public deposits and withdrawals for end users using the Matic Web Wallet are also slated to go live shortly; the exact date will be provided by Friday, 12th June.
  4. All of our adoption & developer initiatives will go ahead full throttle

Staking Education Initiative: Staking on Testnet

Beginning 15th June, we are beginning a staking education initiative giving the community the chance to experience live staking on the testnet using the staking UI. Participate to get a hands-on staking experience and be a part of our testnet staking alongside the 110+ validators live on our CS-2008 testnet.

If you wish to take part, please fill in the form here so we can send you testnet tokens to use: https://forms.gle/AWLssRsRSVZbPoqz6


Mainnet Staking Launch Progress

In the interest of ensuring maximum security of our staking mechanism, we recently employed the services of a research-based audit firm to conduct an additional round of audits. They have done a phenomenal job in ensuring the long-term security of Matic Network to be able to cater to our vision of facilitating mass adoption.

Based on their feedback, we will be making a few upgrades before the final launch of staking and delegation to Foundation nodes on or before 29th June.


Matic Web Wallet Deposits & Withdrawals

Additionally, we will be opening deposits and withdrawals for end users using the Matic Web Wallet & Metamask in the coming days. An exact date will be provided by 12th June.

We’re excited to be rolling out staking for the Matic community 🥂


Connect with us

Website | GitHub | Twitter | Telegram | Reddit | YouTube