Wrapped MATIC (wMATIC) | Price Prediction | 180% APR
Wrapped matic (wMATIC) is a wrapped version of Matic, also known as Polygon, which is a native currency of the Polygon network. The Polygon network is a decentralized Ethereum platform that offers developers the ability to create dApps with lower transaction fees and enhanced security. Although the Polygon network is a layer-2 scaling solution for Ethereum, it still relies on the ERC-20 token standard to maintain a consistent record of transactions. Unfortunately, Matic does not conform to the ERC-20 standard. Wrapped matic (wMATIC) is designed to address this limitation by using smart contracts to create an ERC-20 token that represents Matic.
wMATIC/USD Price on ReHold
ReHold is a decentralized finance (DeFi) platform that provides a price oracle for wMATIC/USD, ensuring that the price of wMATIC is accurate and transparent. The price of wMATIC is subject to market demand and supply, as well as the adoption of the Polygon network.
How to earn passive income on wMATIC
ReHold offers a unique DeFi earning solution through Dual Investments. Dual Investments enable users to earn up to 180% APR on pairs such as wMATIC/USDT, wMATIC/USDC, wMATIC/DAI and up to 100% on wMATIC/wBTC. By staking their wMATIC tokens, users can earn passive income while also contributing to the liquidity of the wMATIC market.
Wrapped MATIC (wMATIC) Price Prediction
The price of wMATIC is subject to various factors, including market demand and supply, the adoption of the Polygon network, and the overall sentiment of the cryptocurrency market. However, with the growing interest in decentralized finance and the benefits of using the Polygon network, it is possible that the price of wMATIC could continue to rise.
The value of wMATIC is primarily determined by market demand and supply. As the adoption of the Polygon network and the use of wMATIC increases, demand for the token may also increase, potentially leading to an increase in its value. Additionally, the utility of wMATIC in DeFi protocols built on the Polygon network may further increase its value.
180% APR on wMATIC Duals
ReHold's Dual Investments provide users with the opportunity to earn up to 180% APR on pairs such as wMATIC/USDT, wMATIC/USDC, and wMATIC/BUSD. By staking their wMATIC tokens, users can earn passive income while contributing to the liquidity of the wMATIC market.
How to Earn 180% APR on Wrapped MATIC
If you're interested in earning passive income on Optimism, ReHold offers a unique DeFi earning solution. You can earn a 180% APR on pairs such as wMATIC/USDT, wMATIC/USDC, wMATIC/DAI and 100% APR on wMATIC/wBTC using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to try it out:
- Connect your wallet Open the ReHold App and connect your web3 wallet. You can choose any web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and Fantom.
- Choose the Wrapped MATIC Dual asset Select the dual that you need:wMATIC/USDT, wMATIC/USDC, wMATIC/DAI, wMATIC/wBTC. You can start a dual investment with each token of the pair.
- Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
- Choose the start token Select the start token and the amount you want to invest. You can use the Wrapped MATIC token or USDT, USDC, DAI, wBTC of the dual asset.
- Approve the token To start a dual investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
- Start your Dual Click on “Start Now” to create your Wrapped MATIC dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual.
Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.
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