Polygon’s MATIC Is Joining Nexo: Get Up to 20% APR Until Jan 3

Nov 23, 2021•4 min read

Nexonomics is at it again with another release we think you’ll thoroughly enjoy!👇

Our selection of digital assets is growing at lightspeed and we’re delighted to introduce yet another coin that is joining the group today – Polygon’s MATIC. You’re now able to buy, swap, earn and borrow against your MATIC on our platform. Get all the details below:

  • ​​Buy: Buy MATIC on Nexo and get it in your wallet within seconds.
  • Еarn: Receive up to 20% interest on MATIC, paid out daily with our current promo and keep earning high yields in the long run.
  • Exchange: Swap your MATIC on the Nexo Exchange instantly.
  • Borrow: Borrow against MATIC at rates as low as 6.9% APR. Plus, there’s a cashback promo available.

On January 28, 2022, top-ups and withdrawals for MATIC were enabled on Nexo. You can now transfer your Polygon assets from an external wallet and start earning immediately.

Polygon, Parachains & Nexo

Polygon’s multichain network works on top of Ethereum’s blockchain and provides an infrastructure for facilitating blockchain networks that can communicate with each other outside of Ethereum’s primary chain. With parachains’ importance growing by the day, it is vital that future-orientated platforms like Nexo tailor their services to enable better resources for coins like MATIC that underpin the blockchains set to bring scalability and interoperability to the industry.

Beyond simply increasing MATIC’s utilities through our financial tools, the Nexo team engages with the Polygon network for various initiatives. Polygon is also among the prime chains for minting NFTs and with Nexo’s mission to expand our offering into the metaverse, use NFTs full potential, and create financial services for this new asset class, Polygon is a vital chain for our team to operate in and support.

Buy MATIC on NEXO

Buy MATIC instantly, safely, and effortlessly on Nexo. No complicated procedures or clunky UI to fight against. Just go to your Nexo wallet, add your bank details and buy at the touch of a button.

Available pairs:

MATIC/ETH MATIC/BTC MATIC/BNB MATIC/USDT MATIC/USDC MATIC/EURx MATIC/GBPx MATIC/USDx

Earn on MATIC + Promo Rates

Grow your MATIC holdings securely on Nexo, with one of the highest savings yields on the market. You can get up to 20% interest, paid out daily on your MATIC with our Earn Crypto Interest suite. Just top up and you’ll start growing your passive income straightaway – no further action is needed on your side.

The Promo

Polygon’s MATIC comes to Nexo with a special promo: until January 3, 2022 you get up to 20% daily interest when you buy MATIC on Nexo. As always, your interest will vary depending on your tier, and whether you’re earning with Fixed Terms and Earn in NEXO. The promo rates for each tier are:

  • Platinum: Маximum rate – 20%. Standard rate – 16%.
  • Gold: Маximum rate – 17%. Standard rate – 13%.
  • Silver: Маximum rate – 16.25%. Standard rate – 12.25%.
  • Base: Маximum rate – 14%. Standard rate – 10%.

After the promo ends, you’ll receive our regular rates. To make your life easier and to stay as transparent, we’ve listed the rates you’ll receive on your MATIC after January 3 below:

  • Platinum: Маximum rate – 16%. Standard rate – 12%.
  • Gold: Маximum rate – 14%. Standard rate – 11%.
  • Silver: Маximum rate – 12.5%. Standard rate – 10.25%.
  • Base: Маximum rate – 12%. Standard rate – 10%.

Borrow Against MATIC + Yet Another Promo!

There’s never been a better time to take advantage of our Instant Crypto Credit Lines™. You can now borrow cash or stablecoins using your MATIC as collateral at rates starting from just 6.9% APR. Borrow as little as $50 to up to $2 million at any timе. Your requests are approved within seconds. No credit checks or personal information is needed and you can pay off your balance partially or fully whenever you’d like.

The Borrow Cashback Promo

We have a promo for our credit lines too! If you’re a first-time borrower at Nexo you get 0.5% cashback on your borrowed amount, paid in USDC if you open a credit line by Nov 30.

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 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.