Polygon activates PIP-92, raising staking rewards

Polygon has officially activated PIP-92, which increases staking rewards for validators on Ethereum:0x455e53cbb86018ac2b8092fdcd39d8444a. The activation was confirmed by Polygon's official account, which reposted the update from the proposal's author. Staking operator Luganodes explained that Polygon stakers have had a share of network fees accruing since April, and PIP-92 is the mechanism that pays out that accumulated backlog to POL stakers.

• PIP-92 raises staking yields for staked POL on the Polygon network.
• It settles a backlog of network fees that has been accruing since April.
• The increase took effect following the proposal's official activation.