Staking
Stake your POL & earn rewards on Polygon Chain
Put your POL to work with sPOL and earn approximately 3.85% APY using Polygon’s native liquid staking token.
sPOL by the number
159M
54B
3.4B
What is liquid staking with sPOL?
Liquid staking lets you earn POL staking rewards while holding a token you can still use. You deposit POL and receive sPOL, which represents your staked POL plus rewards.
How do I get sPOL?
Deposit POL in the official sPOL staking flow and mint sPOL. The product supports deposits from both Ethereum and Polygon.
What is the exchange rate?
The exchange rate is how much POL you can redeem for 1 sPOL. It changes over time as staking rewards accrue, and it can also reflect any fees or validator penalties.
How do rewards show up in my wallet?
Your sPOL token amount typically stays the same. Over time, each sPOL becomes redeemable for more POL because the exchange rate increases.
What can I do with sPOL after I mint it?
You can hold sPOL, or use it in supported DeFi apps like lending, borrowing, or liquidity. Using DeFi is optional and adds extra risk.
Who runs sPOL and where is my POL staked?
sPOL is operated by Polygon Labs. POL is delegated across a diverse set of validators to support decentralization.
How do I redeem sPOL back to POL?
Redeem sPOL for POL through the official flow at the current exchange rate. Some redemptions may be faster than others depending on liquidity and size.
What are the key risks?
Risks include smart contract risk, validator penalties, and selling or swapping sPOL below its redeemable value. DeFi apps add their own risks on top.
What do I earn by holding sPOL?
You earn base staking rewards from the underlying staked POL. Those rewards are reflected in the exchange rate over time.
Is the base staking reward rate higher with sPOL?
No. sPOL does not increase the base staking reward rate. It gives you a liquid token that you can choose to use elsewhere.
How can DeFi change what I earn?
If you use sPOL in supported DeFi apps, you may earn additional returns on top of base staking rewards. This depends on the app, market conditions, and the risks you take.
What can reduce returns or lead to losses?
Validator penalties, protocol fees (if enabled), DeFi losses, trading fees, and price slippage can reduce what you end up with. Selling sPOL at a discount can also reduce your total return.
How do I track what I am earning?
Track the sPOL to POL exchange rate and the amount of POL you can redeem for your sPOL. Your sPOL token count may not change even when you are earning rewards.
When I exit, will I receive more POL?
If rewards accrued and you redeem at a later time, you should receive more POL per sPOL because the exchange rate increased. The exact amount depends on the rate at redemption and any fees, penalties, or market costs if you swap instead of redeeming.
More delegated stake flows to validators
When users deposit POL for sPOL, that POL gets delegated to a set of validators. Validators that are included receive more stake. More stake means more rewards that the validator earns for securing the network.
Increased reward potential through commission
Polygon validators earn rewards for validating and securing the network. Validators set a commission rate to share a portion of those rewards with the protocol and keep the rest as operator income. More delegated stake from sPOL means more total rewards to share, so a validator can earn more in absolute terms if they are in the delegation set.
Opportunity from deeper ecosystem activity
sPOL aims to distribute stake across a diverse set of validators using a defined allocation approach and may include a validator participation program. Validators in that set can benefit from a steady source of delegated POL if they meet performance and inclusion criteria.
What sPOL does not do for node operators
- sPOL is not a service that lets individual node operators mint their own LST token.
- If your validator is not included in the program, you do not automatically receive delegated stake from sPOL.
