contributor@woofcomp.xyz
↓Deprecate stMATIC in cUSDCv3 on Polygon
stMATIC is being deprecated as collateral in the cUSDCv3 market on Polygon, with its price feed updated to a negligible value and supply cap set to zero to phase it out entirely.
Overview
Lido Staked Matic(stMATIC)
Token Price$0.11
All Time HighJun 12, 2022$1.87
All Time LowApr 13, 2026$0.093
Key Metrics
Market Cap$0
Fully Diluted Valuation$1.05b
Circ. Supply0 stMATIC
Max Supply10b stMATIC
Volume 24h$763.05
Risks
How much debt can be issued against stMATIC as collateral across lending protocols.
Maximum possible exposure to stMATIC
$65,577
$0 (max additional borrows against stMATIC) + $65,577 (bad debt if stMATIC was hacked now)
Aave V3
$65,577 at-risk exposure = $65,577 bad debt if hacked + $0 additional borrowable against stMATIC
Methodology and limitations
Showing collateral exposure for stMATIC on Polygon. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for stMATIC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
stMATIC0x3a58a54c066fdc0f2d55fc9c89f0415c92ebf3c4 | $0 | $65,577 |
Risk Timeline
Risk-management actions published about stMATIC by tracked risk managers and governance contributors, newest first.
risk managerGauntletcomp.xyz
↓Recommendations for Low Utilization Assets on Optimism, Polygon, and Unichain
stMATIC on Polygon has shown no utilization (0%) across USDC.e and USDT markets over 30 days, leading to recommendations for 50% supply cap reductions to reduce protocol risk.
risk managerGauntletcomp.xyz
↓Supply Cap Reductions for Low-Utilization Assets on Optimism and Polygon
stMATIC on Polygon shows negligible demand, with utilization peaking at 0.1% in USDC markets and 0.02% in USDT markets over the past 30 days, heightening risks from underused collateral.
risk managerGauntletcomp.xyz
↓Supply Cap Recommendations for Low Utilization Assets
stMATIC in the Polygon USDC market has shown low user demand with maximum utilization of 0.01% over the past 30 days, prompting a reduction in supply cap to lower protocol risk exposure.
risk managerGauntletcomp.xyz
↓Depreciating stMATIC on Polygon USDT and USDC.e Comets
Lido is deprecating stMATIC on Polygon, which reduces its liquidity and introduces risks to the protocol. Setting collateral and liquidation factors to 0% prevents new borrowing against it and triggers liquidation of the few remaining small positions to eliminate exposure.
risk managerLlama Riskllamarisk.com
↓LlamaRisk January 2025 Monthly Community Update
Proposal to sunset and freeze stMATIC on Aave V3 Polygon follows Lido's announcement of sunsetting the asset.
risk managerLlama Riskllamarisk.com
↓Sunset stMATIC on Polygon instance
stMATIC liquidity and usage on Polygon have declined sharply amid the network's transition to POL token, increasing risks of illiquidity and bad debt for remaining positions. Sunsetting removes it as collateral to protect the protocol from these vulnerabilities.
risk managerLlama Riskllamarisk.com
↓Sunset stMATIC on Polygon instance
stMATIC is being phased out on the Polygon instance due to declining liquidity and usage following Polygon's transition to the POL token and staking upgrades, which have rendered the older stMATIC wrapper obsolete and increased risks of illiquidity for positions.
risk managerLlama Riskllamarisk.com
↓Sunset stMATIC on Aave V3 Polygon
Lido is sunsetting stMATIC on Polygon due to limited user adoption and insufficient staking fee revenue to offset maintenance costs, with yield accrual ceasing immediately and withdrawals paused temporarily. This diminishes stMATIC's utility for leveraged positions in the MATIC-correlated eMode on Aave, as it offers no advantages over holding POL directly while maintaining a significant $14.29M supply that requires transition.
contributor@bryancolligancomp.xyz
↑Adding USDT Market on Polygon
Staked Matic (stMATIC) is proposed as collateral for the new USDT market to integrate liquid staking derivatives into borrowing collateral.
Token Usage
An is required to view token usage.
Yields
Showing 10 of 57 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWMATIC-USDC | $584,747 | 7.02% | 7.02% | 6435% | |||||
| open in new tabWMATIC-WETH | $424,633 | 6.19% | 6.19% | 5469% | |||||
| open in new tabMATIC-WETH | $202,265 | 23.50% | 23.50% | 4.91% | |||||
| open in new tabWMATIC-USDCQuickSwap | 💸 | $143,293 | 78.36% | 78.36% | 68.19% | ||||
| open in new tabWMATIC-USDT | $108,805 | 6.57% | 6.57% | 3.81% | |||||
| open in new tabWMATIC-QUICKQuickSwap | 💸 | $48,917 | 108% | 108% | 90.37% | ||||
| open in new tabWMATIC-QUICK | $25,802 | 116% | 116% | 203% | |||||
| open in new tabWMATIC-WETHQuickSwap | 💸 | $23,572 | 70.14% | 70.14% | 45.71% | ||||
| open in new tabWMATIC-USDTQuickSwap | 💸 | $16,962 | 59.14% | 59.14% | 53.77% | ||||
| open in new tabWMATIC-STMATIC | $10,039 | 2900% | 2900% | 636% |
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