Polygon’s latest partnership, with crypto custody heavyweight BitGo, promises to open up a new realm of possibilities for ERC-20 MATIC holders as staking facilities become readily available.
The union between Polygon and BitGo has opened up a world of possibilities for MATIC holders. Not only can they now securely store their coins with a top-notch wallet and custody solutions, but they also have the opportunity to earn generous rewards through staking their ERC-20 MATICs.
On January 17th, Polygon made a striking announcement that it had accomplished the Delhi hard fork with great success. The hard fork’s objective was to bring down gas fees and tackle chain reorganization issues.
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However, the community couldn’t help but raise an eyebrow at the fact that only a select group of 15 validators participated in the voting process.
Despite initial doubts, Mateusz Rzeszowski, facilitator of Polygon’s governance, took to Twitter to shed a brilliant light on the upgrade’s execution, clearing up any confusion.
As of January 18th, all active validators have completed the Delhi hard fork.
Furthermore, the Polygon forum confirms that a staggering 3.5 billion staked MATIC coins have validated the updated version of the chain.
MATIC’s value has been on a downward slope this week. Presently, it’s trading at $0.9526, displaying a minor 0.4% dip since the start of the day.
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