Shard Labs Brings MATIC Liquid Staking Solution, LIDO, to Polygon
Users will be able to easily and securely stake their Polygon MATIC tokens and earn rewards
DUBAI, UAE / ACCESSWIRE / September 2, 2021 / Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, today announces that Shard Labs, a full-cycle blockchain-focused startup, has chosen Polygon to develop a liquid staking protocol for Polygon’s MATIC token under aegis of Lido, a leading liquid staking protocol and decentralized autonomous organization (DAO).
LIDO for Polygon PoS will soon allow users to easily stake Polygon’s MATIC tokens in a decentralized and secure way, and get stMATIC in return for use in other decentralized finance (DeFi) protocols, while continuing to earn staking rewards.
With Polygon solving problems around speed, network cost...