Mai Finance - Tutorials
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  • The Unofficial Guide to Mai Finance
  • Tutorials
    • Polygon
      • How to get started on Polygon
      • Leverage Your Aave Market Tokens
      • camDAI beginner strategy
      • Farming using only stable coins
      • What to do with MAI on Polygon
      • What to do with Qi on Polygon
      • Stack DApps like Lego bricks
      • Farming or Staking? Or both?
      • How to combine farming and borrowing rewards
      • OHM forks on Polygon: The case of KLIMA
      • MAI single-staking with Ethalend
      • The Elephant, the Chimp and the Otter
      • From Traditional Finance to DeFi with Jarvis
      • DCA in bear and bull markets
      • Guides for Polygon supporters with Qi DAO
    • Avalanche
      • How to get started on Avalanche
    • Fantom
      • How to get started on Fantom
      • Leverage your crypto on Fantom
      • What to do with MAI on Fantom
      • Farming loop using SpiritSwap
      • Exodia Combo on Fantom
      • A Spooky Symfony
    • Moonriver
      • How to get started on Moonriver
      • Farming MAI on SolarBeam
    • Cronos
      • How to get started on Cronos
      • Farming Legos with CroDex
    • Harmony
      • How to get started on Harmony
      • One LP Pair, Many ways to farm
    • Gnosis Chain
      • How to get started on Gnosis Chain
    • Optimism
      • How to get started on Optimism
      • Three things have to notice before taking OP QiDao quest
      • Starter Guide for wstETH yield on Optimism
    • Arbitrum
      • How to get started on Arbitrum
    • BNB Chain
      • How to get started on BNB Chain
    • Moonbeam
      • How to get started on Moonbeam
      • Playing with MAI legos on StellaSwap
  • MAI University
    • Earning Passive Income with QiDAO
    • How does MAI work?
    • MAI loans and Vaults incentives
    • Debt repayment - Why and When?
    • Debt repayment - How?
    • MAI Metaverse
    • MAI Metaverse Pt.2
    • How to use MAI in the real life
    • How to interact directly with QiDao’s contracts
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On this page
  • What is Polygon?
  • Creating a wallet
  • Downloading Metamask
  • Adding the Polygon Blockchain
  • Getting free MATIC
  • Add Tokens in Metamask
  • How to buy tokens on Polygon
  • Checking your wallet history
  • Useful Links
  • Disclaimer

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  1. Tutorials
  2. Polygon

How to get started on Polygon

In this guide we'll explain everything you need to know in order to start using the different DApps that Polygon has on its blockchain.

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Last updated 3 years ago

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What is Polygon?

Polygon network is a network that is built on top of the Ethereum Blockchain, but it has been designed to address the scalability issues that the Ethereum Mainnet has. On average, a transaction on the Polygon network takes between 3 and 5 seconds, and costs fractions of a penny, allowing one to make several dozens of transactions every day, with a very small wallet.

Polygon is also one of the first “side chain” that launched, and with the little advance it has over the other available chains, Polygon managed to collect:

  • An ever increasing user base

  • An ever increasing number of applications

  • A solid TVL that is currently stabilizing around 4 billions USD

Polygon also managed to build trust and proved to be a reliable alternative to the Ethereum network, opening the DeFi world to small investors willing to try decentralized finance without having to spend hundreds of dollars in transaction fees. With this trust and ease of use, many companies turned to Polygon to facilitate bridging assets from one network to another, increasing security and anonymity, eventually making the network stronger.

Creating a wallet

Before using the Polygon Blockchain, you need to create a wallet address, there are different wallet types , software (Metamask, TrustWallet...) and hardware (Trezor or Ledger). However, in this guide we'll use Metamask to explain how to access the Polygon Blockchain.

Downloading Metamask

The first step you need to complete to use the Polygon Blockchain is downloading the Metamask extension in your web browser. You can download it on their . Metamask can also be used on iOs and Android devices.

Once you do that, you should have an extension on your browser with the logo of Metamask. When you 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 (**we'll get to the importance of the seed phrase later) _**_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:

  1. First of all, you'll need to select a password to your Metamask account.

  2. Then you should watch the video about how to protect your wallet and the importance of the seed phrase.

  3. You'll see you 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. So please, be careful with your seed phrase and don't share it with anyone.

When you are done, you should see this on your browser:

Adding the Polygon Blockchain

As you can see on the picture above, we are 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:

Once you're done, you are almost ready to use the Metamask wallet on the Polygon Blockchain, 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.

Getting free MATIC

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).

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.

Add Tokens in Metamask

Now, you'll need to copy the address of the contract and click in add token on Metamask.

How to buy tokens on Polygon

Once you decide which DEX you want to use, you can start buying your favourites tokens on the Polygon Blockchain.

Checking your wallet history

As you can see, I have in my wallet 800,000 DxDex.io but I haven't done anything to have those tokens on my wallet. You need to be aware of these types of scam, and never interact with any coins that you don't know. In case you grant them access, Debank will allow you to revoke it. Please be careful and if you don't know that token don't touch it.

Useful Links

Here are some links that you may found useful when using the Polygon Blockchain:

Disclaimer

This guide is definitely not financial advice, it was made with an educational goal in mind.

Keep in mind that a strategy that works well at a given time may perform poorly (or make you lose money) at another time. Please stay informed, monitor the markets, keep an eye on your investments, and as always, do your own research.

Luckily, this gives you free MATIC to do your first transactions on the Polygon network (those types of pages can be called faucet). The only thing you need to do is connect your wallet to that page and complete a captcha. These 0.002 MATIC (~0,00223$) will allow us to do a few transactions using the Polygon Network.

Sometimes due to network congestion, you may have some problems using that page, so just wait a little and you'll be able to claim some free MATIC. Also, you can try using this in case the other doesn't work.

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. For example, if we search QiDAO on Polygon, we'll get this:

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.

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 some Qi.

: this link will be useful to see the gas prices on the Polygon Network.

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PolygonScan
Quickswap
Slingshot
Dexguru
Sushiswap
Zapper
DeBank
Quickswap
AAVE
PolygonScan
Metamask's Interface
Getting FREE MATIC
Results of writing QiDAO on PolygonScan
Adding Qi on Metamask
Buying Qi tokens using Quickswap
All the transactions made in our new Metamask address