Uhh Polygon?
Oh yes... Polygon.
Last updated
Oh yes... Polygon.
Last updated
Before using the Polygon Blockchain, you need to create a wallet address, there many different options for you to chose from, but for now, well stick with Metamask, as it is one of the most trusted, and easiest plat forms to use.
First thing you'll need to do is download it, and install the add on to your browser. You can download it on their . Metamask can also be used on iOs and Android devices. Just be sure to keep your seed phrase and password on hand - and NEVER give these to anybody.
Open the Metamask extension for the first time, it'll ask you if you have a Metamask account, if do, you need to write the seed phrase of the account you want to load. If you don't have an account, you'll have to create a new account. These are the steps that you need to follow:
Select a password to your Metamask account.
Then you should watch the video about how to protect your wallet and the importance of the seed phrase.
You'll see a new seed phrase. Your seed phrase is the most important thing when creating a new wallet, because if you loose your seed phrase and your computer breaks, you won't be able to access your Metamask account on either desk top, or mobile.... So please, be careful with your seed phrase and don't share it with anyone. It is highly advised to keep it 3 separate places, where only you know.
When you first download Metamask you will be using the Ethereum Mainnet, however if we click on there to change to a different network, you'll see that the Polygon Mainnet isn't there. Don't worry, what we need to do is adding manually the Polygon Mainnet, to do so, you need to do click on Custom RPC and write this:
Network Name: Polygon
ChainID: 137
Symbol: MATIC
Once you're done, you are almost ready to use the Metamask wallet on the Polygon Blockchain, and Mint some Matic Zodiacs ;) The only step left is switching the Ethereum Mainnet to Polygon Mainnet, to do so you need to click on the dropdown menu at the top of the Metamask extension. Simply select Polygon.
Now you have everything set up to use the Polygon Blockchain, however you don't have any MATIC on your wallet, so you can't do any transactions on the Polygon Blockchain. A transaction is basically an exchange between 2 addresses, that require some time to be processed (this is done by the different validators that Polygon has) and has a fee (this fee is also known as gas and is paid with MATIC tokens).
Once you decide which DEX you want to use (there is no limit, but please DYOR), you can start buying your favorite tokens on the Polygon Blockchain.
Here are some links that you may find useful when using the Polygon Blockchain:
This guide is definitely not financial advice, it was made with an educational goal in mind.
Metamask completely set up?? Matic transfered over?? Sweeeeet Lets join the club & get some Midnight Tokers!!
New RPC URL:
Block Explorer URL:
Luckily, this gives you free MATIC to do your first transactions on the Polygon network (those types of pages can be called faucet). Before we get to the next part of the article, you need to be aware that these faucet are not done for people to drain it, it won't deliver anything if your wallet has too much MATIC, or if you try to claim more than a few times within 24h. So please, be careful and don't be selfish.
Now that you have some free MATIC in your Metamask, you are ready to use the different DApps and tokens that Polygon has. You can copy the address of the token that you want to use using . Once you are there, you only need to write the name of the token that you'll like to add.
Now that we have our Metamask ready and some MATIC to pay the gas, we can start buying some tokens on the Polygon network. To do so, you need to use a DEX (Decentralized Exchange), there are a lot of DEXs that you can choose from, like , , , , etc.
Another interesting DApp to use when you want to buy tokens is . Zapper theoretically searches for the cheapest platform to perform the swap of the two tokens, so it's a good way to save up some MATIC. Their wallet also tracks all your investments in one, easy to view place.
It's important to know how to check your wallet's history, to do so, you can use . Debank will allow you to check the different transactions that you have made in your Metamask account, as well as checking your portfolio in all the blockchains that you use or the NFTs that you own. This will be useful if you want to compare, for example, the different Qi airdrops that you receive while staking Qi, earning from an LP, perhaps staking your Midnight Toker. (---ooo hint drop--)
: An amazing DEX for all your polygon swap needs.
: Great strategy to use if you want to hodl, AND dabble but don't funds to do both... Simply stake on Aave, borrow against your deposit, and transfer funds where ever you'd like.
: This link will be useful to see the gas prices on the Polygon Network, as well as look up, and keep track of any wallet based on their address.
: Many great benefits to Mai's structure, some of the highest rewarding LPs on any chain.
For more information about Polygon and all the awesome things you'll be able to do here check out their . It's highly recommended.