Prime

Staking guide for Polygon (MATIC) on Coinbase Prime

  • Validator types that you can use to stake asset on Coinbase Prime:

    • Coinbase Custody public validator: No

    • Coinbase Cloud public validator: Yes

    • Coinbase Cloud dedicated validator: No

  • Ability to stake to multiple validator addresses: No

  • Ability to change validator without unbonding and restaking: No

  • Delegation minimum requirement: No minimum as it's permission based. You need a validator slot granted to you by the polygon foundation. Visit https://www.stakingrewards.com/cryptoassets* for current estimated requirements

  • Staking maximum: None

*Third-party website provided for information only. Coinbase hasn't verified and doesn't guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on www.stakingrewards.com.

  • Estimated reward payout: Every checkpoint (34 minutes). It can take up to three hours if network is congested.

  • Delegator reward compound: Manual. You can't restake rewards if your pending rewards are less than 50 MATIC.

*Third-party website provided for information only. Coinbase hasn't verified and doesn't guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on www.stakingrewards.com.

  • Unbonding period: 3 to 4 days, approximately 80 checkpoints.

Slashing coverage available when using:

  • Coinbase Custody public validator: No

  • Coinbase Cloud public validator: No

  • Coinbase Cloud dedicated validator: No

Ability to stake when using the following entity:

  • Coinbase, Inc.: Yes

  • Coinbase Custody Trust Company, LLC: No

  • Coinbase Custody International, Ltd.: Yes

  • Coinbase Germany GmBH: Yes

  • Ability to unstake assets: Yes

  • Ability to change staking amounts: No

  • Ability to add new principal funds to a staked wallet: Yes, but funds can't be staked to the wallet unless you unstake the staked balance and then restake the new balance. You won’t generate rewards when you unstake assets due to the unbonding period. You can create a new wallet to stake new funds instead of adding them to an existing staked wallet to continue generating rewards.

  • Partial amounts allowed: No

Fees charged when using the following validator types:

  • Coinbase Custody public validator: Not applicable - unable to delegate to validator type

  • Coinbase Cloud public validator: 8%

  • Coinbase Cloud dedicated validator: Subscription, participatory, and service fee vary. Reach out to your Account Manager or Prime Operations team for more information

  • Consensus requirements: General consensus approvals required for all staking activities

  • You can onboard to Coinbase, Inc. to stake MATIC. Contact your Account Manager or the Prime Operations team for questions.

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