How To Get Free MATIC For Polygon DeFi

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On Polygon Network, you need MATIC Tokens to pay GAS fees for every transaction. It's same like BNB (Binance Coin) on Binance Smart Chain (BSC) & ETH on Ethereum Blockchain. In order to prepare yourself for the upcoming yield farming platform of Cub Finance on Polygon, you can go ahead and setup your Metamask for Matic Network. Once you are done, the next step is to fill your wallet with MATIC tokens, obviously on MATIC Network. Transferring your ERC-20 Tokens to MATIC Network is so costly because you need to pay GAS fees in ETH for every transaction.

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How To Get Free MATIC Via Polygon Faucets

In this blog, I am providing you two Polygon (MATIC) faucets which you can use to kick things off for free or whenever you are out of GAS. This happens to all of us! We all keep forgetting to check our balance. It very easy to get lost in hundreds of transactions we do every day. Once you are done with your Metamask setup for Matic Network, you can use to any of these faucets. Even 0.005 MATIC is enough to do several basic transactions and fill up your account.


MATIC Supply

Matic Supply is quite easy to use. This faucet will only send you 0.0005 MATIC - which is enough to deposit some fund and get started with your DeFi journey on Polygon.

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Just hit on "Connect" and it will connect with your Metamask automatically. You need to be on Matic Network (in Metamask) before your proceed.

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It will show you your account address and the the current MATIC balance in your account. Once you hit receive, your MATIC tokens (0.0005) will be sent to your address in a few seconds.

Mac & Cheese Finance

I really like the name of this facuet. 😂 Different website but pretty much does the same thing as Matic Supply. You can do this for anyone who wants a little help in getting some GAS money because there is no need to connect your wallet.

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Just enter your Polygon Wallet Address and click on "SEND". 0.001 MATIC will be transferred to your account.

Once you are done with the above steps, fill up your MATIC wallet with at least 1 MATIC. So that you don't run of GAS for a very long time. That's just a friendly suggestion. Even 0.1 MATIC is more than enough. I would also suggest you guys to read the information provided in the above websites to know more about Polygon's ecosystem. You might learn something cool about Polygon Network and how it works.

I am sure many of you had a hard time getting your BNB bags loaded up on Metamask for the first time on BSC DeFi platforms like Cub Finance. Most of us have been there! 😂 I hope these faucets will help you get started quickly on Polygon Network. Please reblog and upvote this post for more visibility. Help everyone get onboard!




https://leofinance.io/@finguru

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Not financial advice. For infotainment purposes only.

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9 comments
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You did an excellent guide, but now I can't follow you on MATIC, the next thing I wanted to do was understand Cub Finance a little better

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Haha! Need to catch up a little bit. But no issues. Understand Cub Finance first and you will follow along soon.

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I've made a note of this helpful post in case I decide to go for the Polygon kingdom on CubDefi. Right now that's looking unlikely though. I don't think I understand it enough to get involved in any more.

I'm still struggling to understand the implications of being in the DEC-BUSD Kingdom. I was going to top it up today but then saw that the APY had been halved. Then when I looked more closely at the figures I worked out I'd "lost" 90K DEC in less than a month. 😱

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Not a problem @gillianpearce. Please take your time. It's important to understand the risks of DeFi before you put some serious money into it.

What you experienced was impermanent loss. It happens when the price of pooled asset changes. IL can be covered overtime with the rising CUB price.

It's better to put your money in single asset staking like CUB or CAKE Kingdom. Or maybe an LP pair of Stablecoins like BUSD-USDT. Since prices of Stablecoins do not change much, they are resistant to impermanent loss.

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Since prices of Stablecoins do not change much, they are resistant to impermanent loss.

However, when I entered the DEC-BUSD pool one of the reasons I did so was because most people were of the opinion that DEC acted like a stablecoin so, to all intents and purposes, I was entering a stable coin pool. 😂

It didn't turn out that way!

But, it's actually helping me learn so that's good. I just have to decide if I want to pay for that learning with my DEC. I don't think it's coming back to the peg anytime soon.

!ENGAGE 30

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Hey, thanks for this guide, I just set up my Polygon on Metask and also received my first 0.002 Matic through the Mac and Cheese website, the Matic supply Faucet is a bit sluggish and have failed after numerous attempts hehe.

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Awesome mate. That should be enough to fill your bags with more MATIC tokens. ✌️

Many peeps are having problems with Matic Supply. It is working intermittently.

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