Polygon Arrives on Bitfinex With Up to 41.7% Staking Rewards

Polygon Labs

January 20, 2022

Polygon’s native MATIC token is now available for staking on the Bitfinex platform!

Users can stake MATIC by depositing their tokens to eligible wallets in their Bitfinex accounts and automatically receive rewards of up to 41.7% per year. The rewards are paid out in MATIC on a weekly basis.

Founded in 2012, Bitfinex is a digital token trading platform offering services for traders and global liquidity providers. It is leveraging its position as a one-stop shop for digital token trading offering a variety of services, including margin trading with up to 10x leverage. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens.

“We’re delighted to announce the launch of staking for MATIC,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate a ready uptake for this service, adding to the suite of digital tokens that we have available for staking on the platform.”

Before you jump in, some important fine print on the staking service. The annual reward is an estimate and actual annualized payout may differ. Bitfinex makes no guarantees regarding the amount of any staking token rewards.

With that out of the way, begin by checking out Bitfinex’s terms of service. (Please note that U.S. persons are strictly prohibited from directly or indirectly holding, owning or operating an account.) Sign up for an account here and start earning rewards! To learn more about Polygon, check out the links below.