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Polygon introduces network-powered staking yield, Sandeep Nailwal reveals

Polygon introduces network-powered staking yield, Sandeep Nailwal reveals
Polygon offers 7.7 percent staking yield

Sandeep Nailwal, CEO at Polygon Foundation, announced that PIP-92 has gone live, enabling a 7.7 percent staking yield on Polygon powered by priority fees generated by network activity.

The update leverages network fees to enhance staking rewards for holders of POL (MATIC).

Nailwal has previously highlighted the adoption of Polygon by major brands and crypto platforms in a prior overview. Earlier this year, he confirmed that 100 million POL tokens, about 1% of supply, were permanently burned. These steps reflect ongoing updates to Polygon’s token and network structure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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