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FollowingEthereum may be one of the most popular blockchain networks to receive pledge rewards, but it is far from the only one. Using your self-managed wallet, you can also pledge tokens on other networks, such as Polygon\'s native token MATIC.
Polygon is widely considered a \"layer 2\" blockchain, meaning it is built with Ethereum\'s blockchain to help facilitate faster transactions and often have lower gas bills. Users can bridge their ETH to Polygon\'s blockchain and use many of the same dapps that exist on ETH. If you pledge $MATIC, your tokens will be pooled with other tokens to help maintain the reliability and decentralization of the network. In exchange, you will receive a $MATIC reward.
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Well, I want to get some rewards. What should I do?
We will first show you how to pledge MATIC using the popular pledge dapp called Lido. Lido supports liquidity pledges for $MATIC,$SOL,$ETH, etc.
Currently, more than US$112,403,562 in MATIC is pledged on Lido, and those who pledge MATIC can receive a portion of the allocated rewards. You can pledge as little MATIC as you want, and you can cancel the pledge immediately because Lido is a so-called \"liquidity pledge solution.\"
First, open your Coinbase wallet app, navigate to your browser, and then go to lido.fi. Click the menu icon in the middle of the screen, select \"Loft Now\", and then select \"Polygon\".
You will be taken to a screen where you can select how much MATIC to pledge, view transaction costs, and view your annual pledge return rate. Currently, the return rate on pledging MATIC on Lido is 8.7%, which is significantly higher than the national average savings account interest rate of 0.006%.
That\'s it! You are now pledging MATIC!
