Cardano

Solana

Polygon

Rewards

Cosmos

Upbit adds Polygon (MATIC) stake with 4.3% APY in rewards (Image: Dunamu) 
SEOUL, South Korea, October 25, 2023 -- Dunamu, the owner of South Korea's leading cryptocurrency exchange Upbit, announced that the addition of Polygon (MATIC) to Upbit's staking service effective from 14:00 KST on October 25, 2023. 
Staking is a service that allows users to entrust their crypto assets on the blockchain network and receive crypto assets as a reward. The crypto assets deposited by staking users are used for transaction verification work, which creates new blocks in the blockchain network. Users receive cryptocurrency as a reward for participating in the verification process. 
Polygon is designed to be a Layer 2 scaling solution for Ethereum, and MATIC is the native token to the Polygon blockchain. Upbit's MATIC staking service is open to all Upbit users who who have completed KYC, two-factor authentication and hold MATIC. 
The minimum amount to participate is 2.7 MATIC. Polygon staking is open 24/7 and users who participate in staking will receive rewards once a day. Users can also un-stake MATIC at any time. 
"Upbit uses world-class security, robust infrastructure, and years of technology to operate validators and handle staking for users," said a representative from Upbit Staking. "The crypto assets of users who participate in staking are securely stored in cold wallets." 
Dunamu officially launched its 'Upbit Staking service in January, 2022 allowing users to conveniently and securely stake their crypto assets. MATIC marks the latest addition to Upbit' staking offerings, which include Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Solana (SOL).

Upbit Adds Polygon (MATIC) Staking With 4.3% APY in Rewards

IT Times

Other articles published on Oct 25, 2023

Chainlink Surges 7% on Vodafone Collaboration, Analyst Confirms LINK Broke Macro Downtrend

7K BTC Recovery Mission: Unciphered Found Solution, Owner Rejects Help

Crusoe Energy Borrows $200 Million to Acquire Thousands of NVidia H100 GPUs

Can Ethereum (ETH), Ripple (XRP) And Cardano (ADA) Reach New Yearly Highs After Exploding In The ...

BlackRock's Spot Bitcoin ETF Reappeared on DTCC Website

Coinbase vs. SEC: A Legal Showdown Escalates as Coinbase Accuses the SEC of Overreach!

Join our free newsletter for daily crypto updates!