of matic is only available on ethereum? If so, what is the reason for that
That's if you want to stake on chain, there are plenty of platforms to stake on on the Polygon chain.
I believe staking is to ensure lock for a coin or token to reduce its flood of the market. Putting in on Chain with high transaction fees like ethereum discourage incessant withdrawal from staking. Incessant trading is also the reason projects like TROPHY apply trade taxes which encourages holding and discourages unnecessary trading traditions.
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