The June 16 deadline for unstaking stMATIC marks the conclusion of Lido’s phased withdrawal from Polygon network operations. Holders must migrate assets or risk illiquid positions as protocol support ends.
This transition reflects broader industry shifts toward optimizing staking services across ecosystems. Analysts suggest the move allows Lido to focus resources on higher-demand networks like Ethereum and Solana.
StMATIC holders face decisions between converting to native MATIC, migrating to alternative staking providers, or waiting for potential new solutions. The sunsetting process tests decentralized protocols’ ability to manage cross-chain transitions smoothly.