Stader MaticX (Polygon)

MATICX

MATICX is a liquid staking token that users receive when they stake their MATIC on Stader. It represents the value of their staked MATIC plus accrued staking rewards.

Risk Rating
Best
$0.63
2.41%
Summary
What we like
Enables users to to earn staking rewards while retaining liquidity of locked MATIC.
What we like less
Greater technical risk around exposure to Stader smart contract risk. MATICX is also less liquid than MATIC with less usage across DeFi.
What it means for you
MATICX is a solid instrument to gain exposure to MATIC staking rewards with the ability to earn additional yield on top by deploying across DeFi.

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Information
Blockchain
  • Polygon
Key Metrics
  • Market Cap: $91.4M
  • Fully Diluted Valluation: $92.1M
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #67
  • Circulating Supply: 144,644,758
  • Total Supply: 145,812,370
  • Total Supply: 10,000,000,000
  • Volume (24H): $2M
  • ATH: $2.07 (12/09/2022)
  • ATL: $0.27 (06/19/2022)
Risk Assessment
Best
Asset Strength

MATICX is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Stader (MaticX), a protocol rated as Average.

Asset Tokenomics

MATICX has an uncapped supply but has inflation control or burn mechanisms in place. MATICX is backed by MATIC staked on the Polygon blockchain. MATICX is redeemable for MATIC plus accrued staking rewards following an unbonding period.

Asset Volatility

MATICX is highly correlated to the overall market.

Dependencies

Stader-MaticX

Things to know about MATICX

What is Stader?

Stader is a multichain liquid staking platform for Proof-of-Stake blockchain assets that allows users to stake their asset without needing to lock assets or maintain the required infrastructure. This enables users to continue participating in DeFi activities related to lending and market making.

How does MATICX work?

Users receive MATIX tokens when depositing their MATIC into the Stader staking contract. Stader will calculate the current MATICX-MATIC ratio (at the time of staking) and send the corresponding amount to the user. The MATICX represents the user's share of the total supply of MATIC tokens inside Stader. It is a non-rebase token which means the balance in the user's wallet does not change. Instead, the value of the token is changing as Stader earns staking rewards or incurs any penalties. There are no lock-up or minimum deposit requirements when staking through Stader.

How to redeem back for MATIC?

MATIC deposited into the Stader staking contract is subsequently delegated across Polygon validators that are part of Stader on the Polygon network. Users who wish to unstake must wait an unbonding period of 2-3 days. In the meantime, users can always exchange their MATICX for MATIC through exchanges that offer liquidity like Quickswap's MATICX-MATIC pool.

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