Polygon has partnered with BitGo to provide MATIC holders with staking capabilities. Moreover, the users can earn rewards by staking ERC-20 MATIC tokens. BitGo decided to support Polygon because of its benefits like fast speed, low gas fees, higher security, and commitment to carbon neutrality.
Another Strategic Partnership For Polygon
The Polygon-BitGo partnership is not the first one in recent times. Polygon has entered several partnerships with other platforms.
However, the recent partnership between Polygon and BitGo will provide MATIC holders with wallet and custody services. Where Polygon is a decentralized Ethereum-based scaling platform, BitGo provides regulated custody, financial services, and core infrastructure for investors.