Polygon
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 2 |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Ethereum |
Token | POL |
Native Token Ticker | $POL |
Smallest Unit | wei (1 ETH = 10^18 wei OR 10^9 Gwei) |
ARR or APY | ~5% |
Max Supply | 10B (capped supply) |
Delegation Requirements (Min-Max) | Minimum - No minimum limit but validators can set the minimum limit Maximum - No limit |
Stake Activation Period | None |
Reward Distribution Period | 1 Checkpoint (lesser than 1 hour) |
Compounding | Manual |
Compounding Frequency | Can be redelegated as rewards earned |
Unbonding Period | 80 Checkpoints (~3-4 days) 1 checkpoint ≤1 hour |
Lockup Period | None |
Penalties and Slashing | No slashing |
Burn Mechanism | Base fee of every transaction is burned |
Validator Self-Bond Requirement | 1 POL |
Inflation | ~13% |
Validator Set Diversity | Currently only 105 validators comprise the active set |
Governance Mechanism | Off-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | Solidity |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | ~1000 TPS (theoretically limit ~7200 TPS) |
Transaction Finality | ~2-3 seconds |
Link to Explorer(s) | https://polygonscan.com/, https://explorer.bitquery.io/matic |
Testnet Faucet | |
Figment’s Public Validator Address |
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Figment Staking Guide | |
Figment Supported MEV Relay | Fastlane |
Recommended Wallet(s) | Ledger, Metamask |
CoinGecko Profile |
Updated 3 days ago