Tenderize is excited to announce the mainnet launch of TenderTokens for MATIC! TenderTokens will allow users to continue participating as a delegator or validator of the Polygon Network while unlocking their stake for continued use in other DeFi protocols for lending, borrowing, leveraged staking, and many more.
MATIC is a full stack scaling solution we’ve all come to love and enjoy for speedy transactions at the fraction of the cost of other solutions. Delegators and validators play a crucial role in network’s security, by staking stake their tokens to support the network they also earn rewards. Tenderize’s launch allows for TenderTokens that reclaim this capital, allowing users to maintain access to their tokens without giving up rewards through what we call liquid staking.
In practice, this means users will continue to enjoy the 14% APR or so from delegating/validating. Users can then swap for TenderTokens, allowing them to use these tokens in other areas of the defi ecosystem.
Users can take advantage of liquid staking for MATIC effective immediately, by going to https://app.tenderize.me/stakers/matic.
For a full guide on how to take advantage of liquid staking through Tenderize, check out our tutorial here: https://blog.tenderize.me/liquid-staking-with-tenderize-tutorial/
In the future we look forward to further integration with Polygon community and ecosystem.
Tenderize is on a mission to unlock staked web3 assets through liquid staking. Liquid staking reclaims previously untouched capital through Tender Tokens, giving users access back to their cash flow while maintaining staking rewards. Node operators benefit from access to instant liquidity and collateralization when they need it, while never having to unstake and lose out on rewards.
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.