Digital Custody Solution Provider Liminal Supports Staking on Polygon Network

Liminal, a wallet operations infrastructure, extended its existing partnership with Polygon to offer staking “within the digital wallet platform.”

Digital asset holders may now “benefit from the security of Liminal’s self-custody wallets along with the earnings potential of staking on Polygon.” Furthermore, with this announcement Polygon’s existing clients may also “access security features of Liminal on Polygon Network’s on-chain transactions.”

Polygon claims it is “the leading blockchain development platform offering scalable and affordable blockchains for Web3.” Now users can “securely access and employ Polygon-based DeFi applications through Liminal.”

Liminal users may now seamlessly “participate in governance of the network through staking MATIC, the Polygon blockchain’s native asset.” As validators, these users “have the potential to earn rewards for keeping the network running.”

Liminal users can also enjoy add-on services “like staking on Polygon, wherein, aside from Ethereum gas fees, there are no additional costs, and there is potential to earn up to 12% APY.”
Liminal users will “remain in full control of their private keys.”

Hamzah Khan, Head of DeFi, Polygon, said:

“Polygon is at the forefront of building infrastructure for a flexible and scalable ecosystem. Partnering with Liminal serves to benefit those who are bullish about the longevity of blockchain technology, and streamlines access for those wanting to interact with this technology in an enhanced way.”

Khan added:

“Furthering the integration of Polygon into emerging Web3 technologies, especially at the enterprise-grade custody level, will elevate the adoption of these technologies and sustainability in decentralized marketplaces while rewarding those involved.” 

Mahin Gupta, founder of Liminal, remarked:

“Liminal will leverage Polygon’s technology to continue to meet the custom needs of our users.We continue to break ground in the custody space through partnerships with powerhouses like Polygon, and evolve our platform to provide the most comprehensive and valuable solution for digital asset custody.”

Gupta also mentioned:

“As we are a self custodial wallet platform, users are always in full control of their keys and funds. On top of user autonomy, we ensure several best practices and policies to ensure transactions done via Liminal platform are safe and secure. We are excited to be supporting Polygon’s growing network to offer the best-in-class tools for security, ease of use and compliance for institutional customers.”

Participants are only “subject to the unbonding period on Polygon network which is protocol requirement in order to take their digital assets off the network.”

As covered, Liminal is “an automated wallet operations infrastructure platform that offers robust security to digital assets.”

Liminal enables crypto-native companies “to securely scale their digital asset operations through automated, plug-and-play wallet architecture.” Liminal’s security-first approach allows projects “to define customized policies and assign roles to users based on their responsibilities.”

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