BitGo takes a great deal of delight in the delivery of two newly launched services for the benefit of MATIC holders. In the case of conventional MATIC, one is the wallets and custody, while the other is the staking for ERC-20 MATIC. Prior to this, connected clients were able to hold the ERC-20 model without the ability to stake. On the other hand, the consumer has access to a wide range of services in the current situation.
According to the COO of BitGo, Chen Fang, everyone seems to be moving toward Web3. In this scenario, the company is providing further beneficial features in the case of MATIC. This is being carried out by offering investors a more secure method to custody of their individual assets, along with the provision of platforms that come with the tools necessary for the creation of the future.
According to Colin Butler, Global Head of Institutional Capital at Polygon Technology, Polygon as a whole is pleased that BitGo is now supporting MATIC. Custody options and staking, now available to all its institutional clients, are used to accomplish this. The staking facility will be a tremendous help for all MATIC holders.
Polygon, as an entity, happens to be a scaling solution in the case of Ethereum, and it provides facilities related to lower fees along with quicker transactions that are otherwise not available on the Ethereum chain. It happens to be completely EVM-adaptable. Here, validators can stake MATIC, which incidentally happens to be the conventional token of the network, and in return, can lay claim to rewards that are sent out in a similar token.
Polygon has a lot of users connected with the corporate world. Among these are many of the leading Web2 companies that use the MATIC chain to enter Web3. This includes Stripe Connect, Robinhood, and Nike. In the case of the overall functioning of MATIC staking, it is only made possible with the utilization of the ERC-20 version of MATIC instead of the conventional method.
