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How to delegate MATIC on Meria's Validator from the delegation interface?
The following article will guide how to delegate tokens through the Meria delegation interface using Metamask wallet.
While we will be using MATIC tokens as an example on the Ethereum network, this tutorial applies to all tokens supported by the Metamask wallet.
If you have MATIC tokens in your Metamaskwallet and are interested in delegating them through the Meria delegation interface, please continue reading.
Here's a 3-step guide to delegating your MATICs.
Step 1 : Hold MATIC on your Metamask Wallet.
You need to possess some MATIC in your wallet to be able to stake it.
Do you still not have a Metamask Wallet? Click here to download the web extension and create your wallet.
Step 2 : Connect your Metamask Wallet
On the right upside corner, click on "Connect my wallet" and accept the terms and conditions to continue.
Please authorize access to the Meria Delegation interface using your Metamask Wallet to gain access.
Confirm your access and connect your portfolio to our services.
First, locate the POLYGON network either from the list or the search bar.
You can view :
• Your available MATIC for staking
• Staked MATIC
• MATIC rewards
STEP 3 : Delegate your token to Meria's validators.
Delegating your token to an on-chain validator makes you eligible for rewards. Sending already staked MATIC is impossible.
Once you have selected the token, you can proceed to stake your available tokens by clicking on the "stake" button.
Please note that the Annual Percentage Rate (APR) provided is only an indication and may not be maintained or guaranteed by Meria.
Transaction fees are the charges paid directly to the network for recording the transaction on the blockchain.
Meria's fees, on the other hand, are the commissions received by Meria validators for providing you with staking services. These fees are collected from the interest generated by the staking services.
Validate and sign the transaction on your MetaMask wallet.
Congratulations ! Your tokens are now working for you and generating interest.
How to unstake your assets
Please select the amount you wish to unstake. Before doing so, please keep in mind that:
• All waiting rewards will be automatically claimed.
• The amount being unstaked will be suspended for 4 days before being added to your available balance on your MetaMask Wallet.
Once you have selected the amount to unstake, validate and sign the transaction.
Claim your rewards
Once your rewards are available, you can claim them by clicking on the "Claim" button. However, please note that claiming rewards generates fees.
When you claim rewards from a validator, you have two options :
• You can either choose to cash in, which means that the rewards amount will be added to your available balance
• Alternatively, you can restake the rewards amount by redelegating it to the same validator.
Lastly, make sure to validate and sign the transaction after choosing your preferred option.
For optimal security, we recommend using a hardware wallet such as Ledger.
About Polygon
Polygon is a second-layer blockchain built on top of the Ethereum infrastructure. Initially known as Matic when it was developed in 2017, the project aims to enhance Ethereum's performance. To achieve this, Polygon provides optimized development solutions for blockchain developers and aims to offer a better user experience. Let's delve deeper into how the Polygon blockchain operates and its advancements, which make its MATIC cryptocurrency a valuable asset.
