Staking on root chain with other token

[polygomic]

Can we generate ERC20 token on root chain and stake on it or should stake main coin of rootchain ,I mean if my chain was mumbai I only should stake matic or can generate new ERC20 token on mumbai and use it for stake

Description

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Your environment

• OS and version.
• The version of the Polygon Edge.
  (Confirm the version of your Polygon edge client by running the following command: polygon-edge version --grpc-address GRPC_ADDRESS)
• The branch that causes this issue.
• Locally or Cloud hosted (which provider).
• Please confirm if the validators are running under containerized environment (K8s, Docker, etc.).

Steps to reproduce

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• Which commands triggered the issue, if any.
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• Provide us with commands that you used to start your validators.
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• Is the chain producing blocks and serving customers atm?

Expected behavior

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Logs

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Proposed solution

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[abdec2]

i have a same question. did you find the answer?

[sahil3Vedi]

Hi @polygomic, We need to deploy our own ERC20 token on the rootchain. Refer Step 4 here: https://github.com/nonceblox/polygon-edge-tutorials/blob/master/supernets_v0.9_setup.md#4-deploy-stakemanager-contract-to-rootchain-mumbai-in-this-case

[goran-ethernal]

Yes you can have your own ERC20 token, and use it for staking. Note that your token has to be already deployed on rootchain before doing stake-manager-deploy command. But, if you are using Mumbai, we suggest to use WMATIC as your stake token.