About $stMATIC
Lido for 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 for 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
stMATIC is an ERC20 token that represents the account�s share of the total supply of MATIC tokens inside PoLido 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.