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Polygon has launched its native liquid staking token, sPOL, marking a major token launch in the DeFi space. The token aims to enhance staking returns by unlocking approximately 3.6 billion staked POL tokens and providing priority fee sharing. Users can migrate existing stakes or stake new POL to receive sPOL, which accrues rewards and supports liquidity, collateral, and DeFi stacking. With only 4%-5% of POL currently liquid, sPOL targets idle capital. The token maintains a 1:1 peg with POL and is redeemable at any time. Audited by ChainSecurity and Certora, it is backed by the Polygon treasury. This new token listing introduces smart contract and market risks.

Polygon has officially launched its native liquid staking token, sPOL, designed to enhance yields for POL token stakers. As Polygon’s native liquid staking token, sPOL will unlock approximately 3.6 billion staked POL and provide stakers with priority fee-sharing from transaction fees. Currently, only about 4%-5% of POL is liquid; sPOL addresses the issue of idle capital being unable to participate in DeFi yields. Users can migrate their existing staked POL to sPOL via the Polygon Staking Portal without waiting or interrupting rewards, and new stakes will automatically receive sPOL. The initial exchange rate for sPOL is 1:1 and increases as staking rewards accrue. sPOL supports疊加 liquidity provision, collateralization, and DeFi strategy yields, and can be redeemed at any time for POL and accumulated rewards. The initial release is led by Polygon Labs and audited by ChainSecurity and Certora, with initial liquidity provided by official funding pools. The official notice warns that sPOL carries risks including smart contract vulnerabilities, validator slashing penalties, and market volatility.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.