How to Buy Lido Staked Matic Crypto (STMATIC)

What is Lido Staked Matic STMATIC?

According to Coingecko, Lido Staked Matic is : Lido for Polygon is a liquid staking solution for MATIC backed by industry-leading staking providers. Lido lets users earn MATIC staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets. Lido for Polygon gives users options to: - Stake their MATIC tokens in a decentralized and secure way - Use their stMATIC on the secondary market - Do all of the above simply and easily with a click of a button on the UI stMATIC is an ERC20 token that represents the account’s share of the total supply of MATIC tokens inside PoLido system. It is a non-rebasable token, which means that the amount of tokens in the user’s wallet is not going to change. During time, the value of this token is changing, since the amount of MATIC tokens inside the protocol is not constant.

Where can I buy STMATIC Crypto?

You can buy Lido Staked Matic on Uniswap.

Why should you buy Lido Staked Matic?

Lido Staked Matic is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.

How to Buy Lido Staked Matic Crypto?

Step 1 - Setting up a Metamask Wallet

Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.

Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.

You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.

Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.

Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.

Step 2 - Buy Ethereum on Simpleswap

Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.

Click here to access Simpleswap

Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for ETH, and click "Exchange", just like this:

Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.

Step 3 - Buy Lido Staked Matic on Uniswap with ETH

Buy STMATIC on Uniswap with ETH

Uniswap is currently the number one Decentralized Exchanged in the world, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.

Before we head over to Uniswap, we need to prepare your Metamask Wallet to receive Lido Staked Matic. Open Metamask, scroll all the way down, and click here:

Select Custom Token and paste this token contract address there:

0x9ee91f9f426fa633d227f7a9b000e28b9dfd8599

The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Lido Staked Matic (STMATIC).

You can check the price and confirm the correct token address of Lido Staked Matic on Coingecko.

Let's buy some Lido Staked Matic!

Go to Uniswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Uniswap.

Select a token and paste the Token contract address: 0x9ee91f9f426fa633d227f7a9b000e28b9dfd8599

Click Import and accept the terms.

Now you have to select the amount of ETH you want to trade for STMATIC. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.

Wait a few minutes, and your STMATIC should appear on your Metamask Wallet.

Congratulations! You are now a proud Investor of Lido Staked Matic!

In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:

Adjust slippage on uniswap