Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking
Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon's MATIC tokens to sponsor enhanced staking rewards for users.
According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a "layer 2" scaling tool for the Ethereum blockchain, designed to speed up and reduce the cost of transactions.
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