Sherpas Can Now Stake OM on Polygon!

Published on: 12.08.2021

MANTRA DAO’s Staking services are now on Polygon and Sherpas can now stake their OM tokens on Polygon. Early stakers to the pool can take advantage of the current high APRs.

Strategy at inception is set to 350,000 OM per month distributed to stakers on Polygon.

This guide serves as an explainer for how to first configure Metamask for the Polygon network and then how to bridge tokens from Ethereum to Polygon.

How to Setup Polygon (previously known as Matic) on Metamask:

Network Name: Polygon Mainnet

New RPC URL: https://rpc-mainnet.matic.network

ChainID: 137

Symbol: MATIC

Block Explorer URL: https://polygonscan.com/

Then press “Save”

Congratulations! Now Your MetaMask is connected to Polygon.

Once you have successfully completed the configuration you can use the same wallet address to interact with Polygon.

How to Bridge Your Tokens from Ethereum to Polygon:

Login to: https://wallet.matic.network/

Connect to your Ethereum wallet using one of the methods above.

Once you have connected, you will see a dashboard showing all your token balances on Polygon.

Click on “Move funds to Matic Mainnet”.

Use the dropdown to choose the token to bridge over.

You’ll be shown a transfer overview that shows the total gas required to bridge the token over, click “Continue” to proceed, and follow the instructions on screen.

Once your tokens are transferred, it takes 8–10 minutes for them to arrive on your wallet address on Polygon.

Please note that your wallet address remains the same, but your tokens are now on Polygon!

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Multi-Chain DeFi services. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

Website |Whitepaper |Telegram |Medium |Twitter | LinkedIn | Github

SOURCE: https://mantradao.medium.com/sherpas-can-now-stake-om-on-polygon-794ae8bb0488

Market Stats:
BTC Dominance: 59.86%(-0.14%/24h)
ETH Dominance: 12.51%(-0.25%/24h)
Defi Market Cap: $82.96B(-24.07%/24h)
Total Market Cap: $2965.08B(-1.19%/24h)
Total Trading Volume 24h: $215.5B(-25.37%/24h)
ETH Market Cap: $371.7B
Defi to ETH Ratio: 22.32%
Defi Dominance: 2.68%
Altcoin Market Cap: $1190.32B
Altcoin Volume 24h: $130.54B
Total Cryptocurrencies: 32220
Active Cryptocurrencies: 10061
Active Market Pairs: 89388
Active Exchanges: 760
Total Exchanges: 9575
BTC: 89777.64$(-0.13%/1H)
ETH: 3088.69$(-0.58%/1H)
AVAX: 32.5$(-0.48%/1H)
BNB: 616.39$(-0.74%/1H)
MATIC: 0.37$(-0.47%/1H)
FTM: 0.72$(-0.18%/1H)
ADA: 0.67$(-2.4%/1H)
DOT: 5.02$(-0.41%/1H)
UNI: 8.22$(-0.55%/1H)
CAKE: 1.79$(-0.81%/1H)
SUSHI: 0.72$(-0.93%/1H)
ONE: 0.01$(-1.53%/1H)