Moonstake Now Supports Staking of ORBS on Polygon Network
SINGAPORE, Jul 04, 2022 - (ACN Newswire) - Moonstake is pleased to announce that our users can now earn interest from staking ORBS token on an additional chain - Polygon - on both the Web and Mobile Wallets! Hold, send, receive, and stake ORBS on both Ethereum and Polygon Network to earn multi-chain staking rewards with the best user experience through one single click!
Previously in April 2022, we initially integrated support for Polygon chain, specifically enabling users the ability to hold, send, receive, and own MATIC coin as well as MATIC tokens. As an official Guardian of Orbs Universe via strategic partnership with Orbs Network since March 2021, Moonstake is proud to bring our community as well as ORBS users globally the ORBS multi-chain staking experience on Ethereum and now Polygon!
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, Orbs recently rolled out its Orbs 3.0 upgrade which utilizes Orbs' unique features, designed for interoperability with EVM and non-EVM blockchains, to be set up as a separate decentralized execution layer operating between the base blockchain layer and application layer.
The Orbs Network is powered by the ORBS token, which is used for the settlement of fees and provides the system of incentives for election of Guardians (the Orbs validators) using Proof-of-Stake consensus. It is accessible across eight major chains: Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Fantom, Harmony and Cronos. The protocol's expansion to Polygon Network was based on Polygon's market prominence as a leading layer-2 project on top of Ethereum that is one of the market's biggest blockchains for Web3 builders, boasting over 7,000 DApps in its developer ecosystem which features numerous big names - from DeFi projects such as lending platform Aave to luxury brands company Dolce & Gabbana and NFT marketplaces including OpenSea and Mark Cuban's Lazy.com. Deploying Orbs staking on Polygon capitalizes on the advantages offered by the Ethereum stack in order to achieve both scalability and low fees as well as high security, while also offering users the flexibility to stake and earn with whichever chain they like.
How to stake ORBS on Moonstake Wallet Here's a simple 3-step process to stake ORBS with Moonstake Wallet 1. Register your Moonstake Web wallet 2. From the wallet screen, select ORBS on Polygon and click the "Stake Now" button. 3. Confirm the staking information, then click the "Staking" button and enter your wallet password.
How ORBS Staking Works Hold ORBS Token and no minimum amount for staking. Agree to lock in and stake ORBS. The gas fee for transactions will be in MATIC tokens of Polygon instead of ETH like staking ORBS on Ethereum.
How to get rewards of ORBS staking Token holders that delegate to an active Guardian are rewarded in proportion to their stake. Annual reward is up to 6.67% of the Delegators staked tokens.
*Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain security and uphold the long term vision of the ecosystem.
How ORBS unstaking works If token holders want to send an asset that is currently staked, they will need to unstake it first. The unstaking of tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the "cooldown period".
Expanding the staking feature of ORBS to Polygon is another step in Moonstake's effort to promote the adoption of crypto staking as we continue to provide more options and value to crypto users worldwide, and our close working relationship with partner Orbs Network will ensure a satisfactory staking experience for our users. We have previously held a number of campaigns for ORBS users, including webinar, quiz, and giveaways, and we are always working to organize more valuable programs for the community. Please stay tuned for more updates from us!
About Moonstake
Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals. Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange. Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake's staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
About Orbs
The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a "decentralized backend", enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi. Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul. https://www.orbs.com/
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon's scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured. If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here. https://polygon.technology/
Source: Moonstake Sectors: Crypto, Exchange
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
 Fujitsu's Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI Jun 26, 2025 11:00 JST
|  MHI Receives Contract for Refurbishment of APM System at Singapore Changi Airport Jun 25, 2025 14:00 JST
|  Special Summer Event "Tanabata Festival at Anime Tokyo Station" Feature a Public Recording of a Chat and Dramatic Reading by Voice Actors Miina Tominaga and Wataru Takagi on July 7 Jun 25, 2025 11:00 JST
|  Technica Zen and BSI Professional Services Japan Launch Customizable Training to Strengthen AI Governance in Japanese Companies Jun 25, 2025 10:00 JST
|  Executive Appointments in Connection with the Establishment of NESIC Holdings Jun 23, 2025 19:22 JST
|  Hua Medicine Announces at 2025 ADA Scientific Sessions that Dorzagliatin Combined with DPP-4 Inhibitor Shows Promise in Reducing Blood Lipids While Restoring Glucose Homeostasis Jun 23, 2025 13:05 JST
|  CanSinoBIO Launches Pneumococcal Vaccine: An Innovative Choice to Safeguard Children's Health Jun 20, 2025 19:06 JST
|  Sharp Launches A2 Size ePoster Color Electronic Paper Display Jun 19, 2025 12:08 JST
|  Fujitsu unveils AI-powered presentation technology, enabling automated multilingual and customizable presentations Jun 19, 2025 10:25 JST
|  ULVAC Continues Participation in "Lab-in-Fab" Project to Advance Piezoelectric MEMS Technology, Now Entering a New Phase Jun 19, 2025 09:30 JST
|  NEC and Chugai Pharmaceutical use AI to potentially enhance cancer treatment Jun 18, 2025 13:40 JST
|  Fujitsu awarded contract to design next-generation flagship supercomputer FugakuNEXT Jun 18, 2025 11:35 JST
|  Honda Celebrates 60th Anniversary of First F1 Victory with Special Events Program Jun 17, 2025 17:45 JST
|  MHI Receives Order to Supply 5 Models of Pumps, a Total of 34 Units, for Sizewell C Unit 1 and 2 in the UK from Trillium Flow Technologies Jun 17, 2025 17:10 JST
|  Honda Teams to Compete in 2025 FIM Endurance World Championship "Coca-Cola" Suzuka 8 Hours Endurance Road Race 46th Tournament Jun 16, 2025 16:37 JST
|  Fujitsu unveils Millimeter-Wave Monitoring System for enhanced safety and privacy in care facilities Jun 16, 2025 16:20 JST
|  Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Annual Results Jun 13, 2025 22:49 JST
|  Yee Hop Holdings (1662.HK) Subsidiary APEL Launches Microfactory in Collaboration with HKPC Jun 13, 2025 21:38 JST
|  Jacobson Pharma Announces FY2025 Annual Results Jun 13, 2025 20:16 JST
|  TRENDE Announces Strategic Capital and Business Alliance with Tokyu Land Jun 13, 2025 13:00 JST
|
More Latest Release >>
|