Why stake Matic?


I looked into Polygon/Matic the past few days. It’s nice, I can send Matic to anyone who also happens to be on the Polygon-chain and it costs almost no fees.

Also getting funds from BSC to the Polygon-chain is fairly straightforward and affordable.

Then I looked into staking. That sounds really interesting at first.
Then I noticed that I have to

  • send funds from the Polygon-chain to the ETH-chain
  • pay (last I checked) around $200 just for the bridge.
  • swap some MATIC to ETH for the fees
  • pay more fees for the swap
  • pay an additional fee for actually staking via wallet.matic.network
  • and probably if I want to switch to another validator I will pay even more fees
  • and best of all: all fees are payable in ETH, not MATIC.

So my question would be: why Polygon? I can just as well stake ETH, also at high fees and even save $200 for the bridge.

Or did I miss something here? Please explain.

Yes, I got the same impression about how complicated and expensive (Eth-fees)
it is to stake Matic.
This probably explains why the Binance-Validator has 10% of the total stake.
On Binance if you buy Matic the procedure to stake there is as simple as for all other coins.
But this is not good for having decentralization with respect to the validators.
I will also go with Binance and simply stake there.