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[Archives] Matic StakeDrop Tutorial Using Matic Web Wallet: How MATIC Holders Can Participate in Persistence’s StakeDrop

Persistence’s fourth StakeDrop campaign on Matic Network will launch on the 18th of January 2021, when Magic Transactions go live, with reward allocations beginning on the 20th.

MATIC holders can stake their tokens today and send the Magic Transaction from the 18th to earn XPRT rewards right from the start of the campaign.

The steps for participating in the Matic StakeDrop are similar to that of the previous StakeDrops but with some minor differences which we will discuss below.

This tutorial shows MATIC holders how to stake their MATIC tokens using the Staking Dashboard of the Matic Web Wallet and earn staking rewards. It will also walk you through sending the Magic Transaction to begin earning XPRT tokens, on top of their MATIC rewards, as part of Persistence’s StakeDrop.

Read the rest of this article on our official blog:

About Persistence

Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.

Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.

Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.

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Persistence is a Tendermint/Cosmos-based Layer-1 network powering an ecosystem of DeFi products aimed at making liquid staked assets the default assets of the the PoS economy.

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