• Polygon has partnered with BitGo to provide MATIC holders with staking capabilities.
• BitGo has decided to support Polygon due to its benefits like fast speed, low gas fees, higher security, and commitment to carbon neutrality.
• The recent partnership between Polygon and BitGo will provide MATIC holders with wallet and custody services.
Polygon, the Ethereum-based scaling platform, has partnered with BitGo to provide MATIC holders with staking capabilities. This will allow users to earn rewards by staking ERC-20 MATIC tokens. BitGo has decided to support Polygon due to its beneficial features such as fast speed, low gas fees, higher security, and commitment to carbon neutrality.
The recent partnership between Polygon and BitGo will open up a number of possibilities for MATIC holders. BitGo now offers Polygon’s native MATIC token in hot wallets and qualified custody. This will give MATIC holders the ability to stake their ERC-20 MATIC tokens through BitGo and earn rewards.
The Chief Operating Officer of BitGo, Chen Fang, said that “By offering more features for MATIC, we’re providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.”
The price of MATIC has been trending downward this week, but Polygon’s partnerships with other platforms could be the key to its success. Polygon has entered several partnerships with other platforms, including a strategic partnership with Mastercard to launch the Web3 Artist Accelerator Program.
The Polygon-BitGo partnership is sure to bring many benefits to MATIC holders. The platform’s features, such as fast speed, low gas fees, higher security, and commitment to carbon neutrality, will ensure that users have a safe and efficient experience when conducting transactions with the MATIC token.
The possibility of earning rewards by staking ERC-20 MATIC tokens is an exciting prospect for MATIC holders and could be a key factor in the future success of the token. With the help of BitGo’s wallet and custody services, MATIC holders will have the ability to securely store their tokens and benefit from the various features offered by Polygon.