Gate News message, April 15 — Polygon officially launched sPOL, its native liquid staking token, designed to enhance yields for POL stakers. The token will unlock approximately 3.6 billion staked POL and provide priority access to transaction fee rewards. Currently, only 4%-5% of POL is in liquid circulation; sPOL aims to enable idle capital to participate in DeFi yield strategies.
Users can migrate existing stakes to sPOL via the Polygon Staking Portal without waiting periods or reward interruptions; new stakes automatically receive sPOL. The initial exchange ratio is 1:1, growing as staking rewards accumulate. sPOL supports liquidity provision, collateralization, and DeFi strategy yield stacking, and can be redeemed for POL plus accrued rewards at any time.
The token was developed by Polygon Labs and audited by ChainSecurity and Certora, with initial liquidity provided by official funding pools. Polygon noted that sPOL carries smart contract risks, validator slashing risks, and market volatility risks.
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