Ethereum scaling solution Polygon has finalized its mainnet upgrade for September 4, marking the transition of its native token from MATIC to POL. This strategic move follows community consensus and aligns with the broader Polygon 2.0 roadmap.
Key Details of the Upgrade
- Token Conversion: POL will replace MATIC as the primary Gas token and staking asset on Polygon PoS, maintaining the existing tokenomics (total supply, distribution, and economic model).
- Automatic Migration: MATIC holders on Polygon PoS need no action—tokens will convert 1:1 to POL automatically.
- Extended Functionality: Future phases may expand POL’s utility within AggLayer, contingent on community governance.
Cross-Chain Interoperability
POL introduces native cross-chain functionality, enabling seamless use across Polygon’s ecosystem chains. Holders can also become validators to secure networks and earn rewards.
Action Required for Specific Users
| User Group | Action Needed |
|---|---|
| Polygon zkEVM Rollup users | Follow official migration guide |
| CEX-based MATIC holders | Await exchange instructions |
| Ethereum-based MATIC | Manual upgrade required |
👉 Learn more about Polygon’s ecosystem growth
Testing and Safety Measures
Polygon will conduct testnet trials to identify potential issues pre-launch, ensuring a smooth transition.
FAQs
1. Will POL’s supply differ from MATIC?
No—total supply remains 10 billion, with identical distribution.
2. How does POL improve upon MATIC?
POL enables multi-chain validation and interoperable transactions, a core feature of Polygon 2.0.
3. Is there a deadline to migrate MATIC to POL?
No immediate cutoff, but users on non-PoS chains should migrate to access full functionality.
👉 Explore decentralized finance opportunities with POL
Why This Matters
The upgrade underscores Polygon’s commitment to scalability and interoperability, positioning POL as a future-proof asset for Web3 infrastructure. Stakeholders should monitor official channels for updates post-September 4.
Note: This article is for informational purposes only and does not constitute financial advice.
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