Gate News message, April 15 — Polygon introduced sPOL, a native liquid staking token, on April 14 to unlock liquidity for over 3.6 billion staked POL tokens, of which only 4–5% are currently liquid. The token allows stakers to maintain staking rewards while deploying assets in DeFi protocols and also grants holders a share of priority transaction fees.
sPOL has been audited by ChainSecurity and Certora. Polygon allocated 10 million POL from its treasury for first-day liquidity, with plans to increase this to 100 million over time. Liquidity pools are live on Uniswap V4, and sPOL maintains a 1:1 initial exchange rate with POL, which increases as rewards accumulate.
The launch coincides with Polygon’s proposal to direct more priority fees to POL stakers. Third-party liquid staking solutions have historically charged 5–16% fees, while Ethereum sees about 30% of staked ETH as liquid, highlighting the need for a more integrated solution on Polygon.
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