I'm trying the same thing ,it's a nightmare, yes to many steps ,I mite lost it , I'm just leaving it in ledger unit the bull market starts

Just staked directly using ledger live.

Thanks for the suggestion - we don't have an ETA for supporting MATIC staking in Ledger Live but we'll make sure to escalate your feedback to the Live team for consideration! Also agreed that staking via Ledger + Metamask can be a bit daunting but the main advantage of doing it versus staking on Binance is that you maintain control of your private keys at all time instead of having to entrust them to Binance :) Hope this helps clarify!

@@Ledger Thx for your fast reply. 👌 The important crypto positions (private keys) are secured. That´s why I am using my Ledger Nano X. 😉

Yes, this sounds complicated. Bitpanda is also good for staking!

Agreed! The point of getting a Ledger is increased security. The problem is that each step and each click is another point I could push a wrong button and *poof* my crypto is lost or stolen. To compete with staking on Binance, the process needs to be absolutely simple. The keys to my house are simple. Crypto keys are not. I'm hopeful for improvements in this space. When that happens, Crypto will take off.

Good video but too complicated due to too many steps which have to be done and could lead to a mistake. This should be by far much more easier. Anyway thumbs up for the good explanation 👍

Hey David - yes gas price was high at the time the video was made, on the bright side, gas fees do not scale linearly with the amount staked so we would have paid the same fee for staking ~$3 USD or $30k of MATIC :)

Hey there - yes you're absolutely correct, Metamask will let you edit the permission, so the staking smart contract doesn't have unlimited access to your ERC20 MATIC balance, we'll make sure to include this important detail in future videos. In case this helps, you can safely revoke permission post-staking by using this tool: polygonscan.com/tokenapprovalchecker Thank you for your vigilance and helping the community stay safe!

Hey there - while it might seem counterintuitive to have to stake MATIC on Ethereum, this is actually a very important design decision made by the Polygon team because having your critical smart contracts running on Ethereum provides security and ultimately make Polygon safer to use.

@@Ledger True but at the same time when the bull market is back on, you will pay $60 dollar fee, to stake and again to remove to exchange, or dex swap. Other POS chains have security without those massive gas fees, or without another blockchain. I think if your a layer 2, funneling your transactions through the main chain "eth" negates the purpose of a layer 2. Mise well throw away 150 polygon each time you move it. BNB uses it's chain, and it is an EVM, and doesn't funnel though ETH.

doesnt make you eligible for possible future airdrops

@@pompi23851 actually? That sucks!

Hi, no you will not see the staked amount in Ledger Live. You'll be seeing it in the Polygon staking overview window. There is no difference with security, the only difference is that with wallet connect your Ledger device uses the Ledger Live interface to connect whereas Metamask uses its own interface.

@@Ledger thank yeah the wallets can be finicky i like to see the balances all in one place wish polygon worked like NUFI my staking shows up directly in ledger

Hey 👋 you'll need to switch the network to ETH in Metamask and then you'll be able to see your Ledger ETH account in Polygon wallet app. We hope this helps.

Hi, you can track your rewards via Staking Overview tab in Polygon web wallet used when staking your Matic. We hope this helps clarify.

@@Ledger thank you for your answer. I was able to see them after a couple of days. When I wanted to restate my rewards, it’s telling me gas fees are going to be almost 5$ ! So more than my current rewards. What are the best way to auto-compound ?

Hi, Polygon is an Ethereum side chain and Matic token exists on both Polygon and Ethereum network. However, MATIC staking happens only on Ethereum, so you'll need to send your MATIC tokens to your ETH account via Ethereum network. And then you'll be able to stake your assets. More info here 👇🏻 support.ledger.com/hc/en-us/articles/6245402056605-How-to-stake-MATIC-with-your-Ledger?docs=true

@@Ledger Right. But you app says "Please only send ETH token to Ethereum accounts...Sending other crypto asses may result in the permanent loss of funds".

Hi 👋 you'll need to switch to ETH network to stake your Matic. This article will guide you on how to stake your Matic correctly. support.ledger.com/hc/en-us/articles/6245402056605-How-to-stake-MATIC-with-your-Ledger?docs=true

Hi, if you want to stake your Matic then you'll need to send it to your Ledger ETH account via the ETH network. You can either send your tokens back to your exchange and then send them back to your account via the ETH network. Or you can bridge your token from Matic to the ETH network via Hop exchange. You can find instructions to bridge on our website here 👇🏻 support.ledger.com/hc/en-us/articles/4417305825809-Bridging-assets-across-Ethereum-L2s-with-Hop-Exchange

You are right, should take 3 - 4 days!

yeah that is the main question!!! :)

Hi there, the current APY for staking Matic is 6.58%. More info here 👇🏻 polygon.technology/staking/#:~:text=Stake%20now%20and%20earn%20rewards

9% apy

Hi Staked tokens will be locked in a contract deployed on the Ethereum chain. Validators do not hold the custody of the delegated tokens. However, in the event of a validator getting slashed delegated tokens will also get slashed. We hope this clarifies.

Hey - it is indeed a bit counterintuitive but it ends up making Polygon safer to use because its most important smart contracts live on the chain with the most security (Ethereum) Hope this helps clarify!

I dont care i want this on Polygon network worst experience with leger please update other network please on legder , my flow account is not connevt to port flow app even thouh everything is updated

@@Ledger you want us to move one crypto (Matic) to a wallet for another (Eth), attach Metamask to our hardware wallet, then go to a webpage that *might* be related to polygon and attach that to Metamask. Any you think that is just "counterintuitive"?

Thanks for the feedback! Yes, ease of use on top of security is what we always aim for! More to come!

Hey, you can bridge your tokens using Hop exchange. support.ledger.com/hc/en-us/articles/4417305825809-Bridging-assets-across-Ethereum-L2s-with-Hop-Exchange?docs=true We hope this helps and remain available should you have any further questions

Hey 👋 that is because you're choosing Polygon network to send your tokens. If you want to send your Matic to your ETH account, you'll need to use ETH network when you're sending your tokens. We hope this helps.

Hi 👋 could you let us know where are your tokens stored at this moment?

@@Ledger Right not my Matic is on Metamask. How do i transfer it to Ledger Nano-X?

Hi, Matic token operates on both Polygon and ETH network. You can only stake your Matic if its on the ETH network. If you've your tokens on the Polygon network then you can bridge them to ETH network via Hop exchange. Here is an article on how to swap your tokens from Polygon to ETH network. support.ledger.com/hc/en-us/articles/4417305825809-Bridging-assets-across-Ethereum-L2s-with-Hop-Exchange Here is an article explaining the steps to stake your Matic once its transferred to your ETH account. support.ledger.com/hc/en-us/articles/6245402056605-How-to-stake-MATIC-with-your-Ledger?support=true

Exactly! I wish every account on Ledger was as slick as Polkadot.

@@eddiedefro But you need at least 120 DOT to stake it right ? Which is a lot ...

@@Trimalcus , you could be right. I _might_ have over 120 DOT. My point is that of all the POS cryptos I have (ADA, ETH, ATOM, ALGO and SOL, not to mention MATIC), DOT is by far the cleanest experience on Ledger. Don't get me wrong, if you are here you are putting your crypto on a hardware wallet and keeping it off CeFi. The Ledger apps will continue to get better and better, and staking from Ledger Live will hopefully become simpler for everyone.

@@eddiedefro ADA is pretty simple too tbh. Just sent the ADA to Ledger and then connect your Yoroi wallet and easy peasy.

Hey Henri - we might need to take a closer look at the issue though changing browsers and making sure the Polygon app is updated and open on the device might solve your issue. If the problem persists please open a ticket via our Help Center with a description of the issue and ideally a screenshot showing what went wrong. Here's the link to our Help Center, you can click on the Help button to open a ticket or chat with a live agent: support.ledger.com/hc/en-us/categories/4404369571601?support=true Thanks!

Hey Aldo - it's in the works but no ETA at the moment :)