Polygon Wallet Suite
The latest news and updates related to Polygon's Suite of dApps

The Ethereum merge is just days away, and while the core team at Polygon couldn’t be more excited, there are a few important updates Polygon dApp users, stakers, and partners should know.

Security and safety will be pillars in the coming days. During the merge, out of an abundance of caution, the following key protocols will be temporarily paused, until the merge is complete.

The smart contracts associated with these protocols will not be disabled. There will not be any network outages affecting smart contracts during the merge. 

After the merge is complete, all user experiences will return to normal.

These precautionary steps have been taken to ensure a seamless transition for users, and protect the assets of the Polygon community.

Want more information? Here’s what different users can expect during the merge.  

Polygon dApp users 

No action is required by dApp users. All funds are safe during the entire process. 

Also note: the Polygon team will NEVER message you for private information. Be on high alert for scams. You can write directly to [email protected] for any doubts or clarifications.  

Ecosystem dApp partners 

Ecosystem partners using the Polygon Bridge smart contract to power their dApps may consider communicating with users how the merge will affect their dAppp. 

The repercussions of transactions initiated during the merge are not certain, so it is best to avoid bridging. Users should be cautious bridging assets during the merge on third party dApps, as well. 

For any other contract deployed on Polygon, nothing changes. 

The Polygon PoS chain will continue to operate as normal. 

Staking users 

Polygon Staking will temporarily be paused during the transition. After the merge is complete, staking will resume as normal.

Ethereum’s transition to proof of stake (PoS) consensus is historic on many accounts. You will continue to benefit from the speed and near-zero gas fees of Polygon, with the security of Ethereum but now 99.95% fewer carbon emissions than before. 

To learn more about the Merge and its impact on Polygon, check out the following articles:

Tune into our blog, join our discord, and follow us on our social handles to get the latest updates. Let’s bring the world to Ethereum! 

Read More
Share

We are excited to unveil Polygon Wallet Suite, a unified platform that enables regular crypto users to safely and efficiently swap, bridge, and manage all of their assets in one place, regardless of where they are stored.

Polygon Wallet Suite was developed through community participation with the ultimate goal of bringing the benefits and incentives of blockchain technology to the Web3 community with minimal friction.

A positive user experience is critical to the widespread adoption of new technologies. Everyday crypto users expect streamlined experiences, such as seamless onboarding and frictionless interfaces, as well as a level of familiarity comparable to traditional Web2 apps and online services they already use.

Web3 users are currently confronted with a slew of issues, ranging from high fees and slow transaction times to risky workarounds and confusing interfaces. This is a problem Polygon Wallet Suite intends to solve. It will provide users with access to a variety of powerful tools and functions, including:

  • Polygon PoS Bridge: The most popular bridge on Ethereum gives users the ability to bridge their assets from Ethereum to Polygon.

  • Swap & Swap for Gas: Enjoy a safe, accessible, and efficient token exchange and gasless transactions when you swap for gas.

  • Enhanced User Experience: Polygon Wallet Suite offers streamlined on-boarding, in-app support, transparent transactions, and a user-friendly interface.

  • Performance: With the Polygon Wallet Suite, you can get your funds at a fraction of the cost in minutes, not days.

  • Backend Enhancements: Polygon Wallet Suite offers robust indexing services powered by subgraph to achieve accessibility to near-real-time transaction details and deeper bridge layer abstractions to manage your standard or custom token bridging needs seamlessly.

The Polygon Wallet Suite will serve as an entry point to Web3 for newcomers, while existing users will be able to familiarize themselves with this new, unified platform to complete and participate in their daily crypto transactions with ease.

Get started with Polygon Wallet Suite today and tune into our blog for the latest from the team.

"Don't see this button? Make sure you clear your cache"

Let’s bring the world to Ethereum!

Website | Twitter | Ecosystem Twitter| Developer Twitter | Studios Twitter | Telegram | Reddit | Discord| Instagram | Facebook | LinkedIn

Read More
Share
Featured image for New Polygon PoS Staking Service is Live - Improved Experience, Similar Feel

Polygon is rolling out a new and improved Staking Service that makes it easy for anyone to earn rewards by becoming a Delegator or setting up a node to help secure the network. The team’s goal was to deliver an enhanced experience to end-users without disrupting the look, feel, or functionality of the original service.

So, what exactly changed? Let’s take a look…


Improved Design & Performance for a Better User Experience

  • The new interface is super fast with a lot of performance improvement. The requests now take less time to complete for delegation, moving stakes, withdrawing rewards and many more operations.

  • Not only has the staking tool been bolstered for better performance, the Staking Service has broken away from the Polygon Wallet Suite and found a new home at staking.polygon.technology. As a standalone app, the Staking Service is now more accessible and easier to find—making it a more enjoyable experience for end-users.

  • Powered by Web3Modal component: In addition to the existing set of wallets such as MetaMask, Coinbase Wallet, Bitski, Torus, and WalletConnect, Polygon Staking now enables quick and easy integration of additional Web3 wallets of your choice.

  • Switch Between the Mainnet & Testnet: advanced users can test the power of Polygon’s Staking tool without the commitment by switching to the Goerli testnet—a no-risk demo environment that mimics the real thing.

  • End users will benefit from an improved error handling experience as well as enhanced messaging and loaders.

The staking service allows anyone to become a validator or a delegator on the Polygon PoS mainnet and earn network rewards for producing, verifying and finally submitting transaction checkpoints on Ethereum, abiding by a set of algorithms. Your rewards depend on the amount of $MATIC staked and the transactions in the network.

Interested in becoming a Delegator or setting up a node? Visit our Staking page to learn about the benefits, requirements, and rewards. For advanced users who want to dig in, visit our Delegator & Validator FAQ wiki pages to learn more.

Read More
Share
Featured image for What’s New: Mobile Burn, Token Lists, & More

The Polygon team is thankful every day for our community of developers, validators, and users that help our ecosystem grow. Today we’re sharing a few updates to Polygon’s wallet suite that were inspired by feedback and suggestions from our community.

🔥 Mobile Burn, Matic, Burn

A few weeks ago we launched the MATIC burn console, and the good news is it’s now available on mobile with a polished new UI.

Burning MATIC tokens is an amazing way to help contribute to the MATIC ecosystem, and by our estimates we may burn around 0.27% of total supply per year:

  1. Deflation: As we grow, more users will burn more and more tokens, making MATIC deflationary and keeping less tokens in the entire ecosystem.

  2. More predictable gas prices: Burns help ensure that gas prices don’t fluctuate as much.

  3. Better offerings for validators and delegators: Deflationary MATIC means more value accrued to the tokens offered to validators and delegators over the long run.

To help contribute to the deflationary Polygon ecosystem, go ahead and burn MATIC on Polygon and don’t forget to complete the follow up step of burning on Ethereum.

📃 Get the Right Tokens With Polygon Token Lists

As the Polygon ecosystem has grown, so have the number of ERC-20 tokens usable across the protocol, whether you’re using them in games, or DeFi apps or investing in an up and coming project. To ensure users have better access to legitimate tokens and to give token creators a way to get in front of those users, we’re introducing Polygon Token Lists.

To use one of the new lists while using the Polygon Bridge, when selecting a token, simply click the Manage Token Lists button at the top of the list. Then choose the token list(s) you want to select from:

You'll be able to read all about this new change on an upcoming blog post.

🌉 See your deposits and withdrawals on the Bridge

There’s never been more people bridging their assets to Polygon - in fact Polygon’s Bridge was recently the 3rd most used dApp on Ethereum.

That’s a lot of transactions, and that’s why we’ve added the new deposits and withdrawals pages in the Bridge Explorer to help you see your transactions in a clearer, easy to use interface.

🔍 A few tweaks for Validators

After community feedback, we’ve made a few updates to help validators get the info they need faster. You’ll now see:

  • Node and missed checkpoint status: When validators need get an update on a node’s status, including it’s online/offline status and checkpoints missed, they can now just glance at this new section. It will help make sure validators can quickly get up to speed on any issues.

  • Unbond alert: This helps validators monitor how frequently delegators are doing unbonds for their node.

  • Sort stake by descending by default: Validators can now see the validators with the highest stake at the top, rather than scrolling to the bottom.

Read More
Share
Featured image for Notice: Multichain (previously Anyswap) Users

This is a community notice to help out users who use the Multichain app. If you haven’t used the app at app.multichain.org, feel free to disregard this.

If you’ve recently used the Multichain app at app.multichain.org to swap tokens, please note that a critical vulnerability has been found on the approval contract. If you’ve approved a swap of any of these six different tokens: WETH, PERI, OMT, WBNB, MATIC, AVAX, please revoke your approvals immediately to protect your tokens from loss.

Specifically, the team at Multichain discovered a vulnerability in their “anyswaprouter4” contract that can be exploited for a loss of your tokens. The only way to safeguard your tokens is by revoking your approvals, after which you can once again provide a new approval to the updated contract.

For complete instructions and more details on the vulnerability, head to the Multichain blog.

Read More
Share
25 January 2022
Featured image for Burn, MATIC, Burn!

The much-anticipated EIP-1559 upgrade is finally here and Polygon’s native token MATIC is now being burned. We have created an interactive dashboard where users can monitor and take part in the process.

Each time a user pays for a transaction, the base fee gets locked on the burn contract on Polygon and the priority fee gets paid to the validator. Once MATIC gets accumulated to the burn contract, users can initiate the burn process from Polygon. 

The burn is a three - step affair, first initiated on Polygon and then completed on Ethereum. This is similar to a withdrawal transaction on Polygon, but instead of the tokens being received by a user, they are burned and removed from the total supply. 

Please follow this step-by-step guide for the burning process via the Burn MATIC interface:

  1. Connect your MetaMask wallet to the application using the “Login” button in top right. 

0

  1. The “Initiate burn” button is activated when the amount of MATIC accumulated on the burn contract is more than 25,000.

     

  1. Click on “Initiate Burn.” The status changes to pending. After that, the wallet pops up a confirmation modal so you can confirm the transaction.

  1. Next, burn the tokens on Ethereum. (This transaction will be performed on Ethereum Mainnet.) As soon as the checkpointing of this transaction is complete, the button “Confirm Burn” will be enabled.

0

  1. Click on “Confirm Burn” to initiate the burn on Ethereum. 

0

  1. Once the “Confirm Burn” action is done, the burn proceeds to Step 3 where you click on the “Complete burn” button and proceed to complete the burn on Ethereum.

  1. The MATIC tokens are now burned and indexed in the “Completed Burns” section, which will also show the final transaction hash.

0

It’s as simple as that! For an overview of what EIP-1559 means for the Polygon ecosystem, click here. To keep up with the latest developments, check out our blog.

Let’s bring the world to Ethereum!

Read More
Share
Featured image for Polygon Token Swap - Your one stop shop to Swap!

Far gone is the time when you had to scroll through multiple DEXs to swap. We present the perfect solution for all your swapping needs and assure the best rates. Welcome Polygon Token Swap, your one-stop solution to swap almost any tokens on Polygon!

The Polygon Token Swap is a new feature within the Polygon Wallet that allows you to exchange different token types internally. Powered by the incredible 0x api, we take on the heavy lifting to fetch best rates in the market so that you get the most from each swap. 

With a simple and proven interface, the Polygon Token Swap works similar to all the current DEXs that you are familiar with, aggregating the best prices. You can access Polygon Token Swap from Polygon Wallet via any desktop internet browser or your mobile device. Here’s how:

1. Login to your Polygon Wallet.

2. Navigate to the Sidebar and click on the option "Token swap" to access the Polygon Token Swap feature.



3. From the drop-down list, select both the token that you wish to swap and the token that you want to receive in exchange. In this illustration, we are swapping USDC for DAI.

4. Click on"Approve" to grant the necessary permission to Metamask to access your funds and process the transaction.




5.  After approval is successful,"Review Swap" will be active.


6. Click "Review Swap" to get all your swapping transaction details.


7. Simply "Swap" to confirm your transaction and all the swapping details are correct.

8. Congratulations! you have successfully swapped the tokens. Click "View on Polygon" to track your transaction status.

Voila, you have your tokens swapped in a jiffy. 

Read More
Share

We are growing Web Wallet. Tons of new and exciting features are lined up to make your Polygon experience innovative and disruptive. To make sure you do not miss out any of our latest updates, we have the "Whats's New" feature integrated. It's an announcement and feedback tracking system by Olvy.co that will help us easily notify you about all our latest updations and additions.

Web Version

The What's New feature will have a ticker every-time we roll out an announcement. Additionally, you may share your feedback, reaction about the announcement which will be closely monitored by out team for insights on the Releases page helping us to understand what we have done good, how we can improve effectively. This in-turn will aid us in understanding and iterating our products tailored for you.

Feedback and Reactions

The experience is similar on the mobile version of the wallet too. Additionally, we have added a banner to catch your attention.



Mobile Version
We hope this announcement and feedback system will open a new channel for you to provide your valuable suggestions and feedback for us to action on and release more effective solutions to simplify and increase web3.

Read More
Share