Buy Stader MaticX (MATICX)
What is Stader MaticX?
Stader MaticX is a liquid staking token designed to represent a user's share of the total MATIC pool deposited with Stader. It allows users to participate in staking MATIC tokens without the need to lock them up, thereby maintaining liquidity. This token is primarily aimed at providing a liquid staking solution for MATIC tokens, enabling users to earn staking rewards while being able to engage in various DeFi activities.
How does Stader MaticX work?
Stader MaticX operates on the Polygon network, utilizing its Proof of Stake (PoS) consensus mechanism. Users can stake their MATIC tokens via smart contracts, which are audited by reputable security firms. When MATIC is staked, users receive MaticX tokens, which can then be used across various DeFi platforms. The staking process involves accessing the Stader dApp, connecting a wallet, and confirming the transaction. There is no minimum staking value or lockup period, allowing for flexible staking and unstaking processes.
What are the potential use cases for Stader MaticX?
Stader MaticX offers multiple use cases within the DeFi ecosystem:
- Liquidity Pools: Users can add MaticX to liquidity pools on DEXs, earning additional rewards.
- Yield Optimization: Platforms such as Beefy Finance integrate MaticX for enhanced yield farming strategies.
- Staking and Yield Farming: MaticX enables users to earn rewards without locking up their MATIC, which is beneficial for liquidity management.
- Lending and Borrowing: MaticX can be utilised in DeFi lending and borrowing protocols, leveraging its interoperability.
What is the history of Stader MaticX?
Stader MaticX was developed by Stader Labs, founded by Amitej Gajjala, Sid, and Dheeraj. The project aims to simplify staking while enabling users to explore DeFi opportunities. Stader Labs launched its liquid staking solution on Polygon, quickly achieving significant milestones such as accumulating over $820 million in total value locked (TVL) and more than 30,000 users shortly after its launch. The platform continues to integrate with various DeFi platforms and actively participates in updates like Polygon 2.0.
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Frequently Asked Questions (FAQs)
What is the current price of Stader MaticX (MATICX)?
The Stader MaticX price is $1.1469 AUD, representing a +0.55% from the day prior.
Where is the best place to buy Stader MaticX (MATICX) in Australia?
The best place to buy Stader MaticX (MATICX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Stader MaticX (MATICX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Stader MaticX (MATICX)?
The trading volume of Stader MaticX (MATICX) is $47.4K AUD in the last 24hrs, representing a +0.55% from the day prior.
How can I buy Stader MaticX (MATICX)?
Stader MaticX (MATICX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Stader MaticX (MATICX)?
The current market cap of Stader MaticX (MATICX) is $115.1M AUD.
Can I convert Stader MaticX (MATICX) to cash?
Yes - With Coinstash you can convert your Stader MaticX (MATICX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Stader MaticX (MATICX) are there?
The current circulating supply of Stader MaticX (MATICX) is 137.5M.
Is Coinstash a safe place to buy Stader MaticX (MATICX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Stader MaticX (MATICX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.