Polygon launches native liquid staking token sPOL

Deep Tide TechFlow News, 04 月 15 日, Polygon officially launched its native liquid staking token sPOL, aiming to enhance rewards for POL token stakers. As Polygon’s native liquid staking token, sPOL will unlock approximately 3.6 billion POL that has already been staked, and will provide stakers with priority transaction fee sharing. Currently, only about 4%-5% of POL is in circulation; sPOL will improve the situation where idle capital cannot participate in DeFi yield. Users can migrate their existing stakes to sPOL via the Polygon Staking Portal—no waiting required, and rewards will not be interrupted. New stakes will automatically receive sPOL.

The initial exchange ratio of sPOL is 1:1, and it increases as staking rewards accumulate. sPOL supports liquidity provision, collateralization, and the compounding of DeFi strategy yield, and can be exchanged back to POL and accumulated rewards at any time. The first batch was introduced by Polygon Labs and audited by ChainSecurity and Certora. In the initial stage, liquidity was injected by the official fund pool. The official reminds users that sPOL carries smart contract risk, validator behavior penalty risk, and market volatility risk.