Polygon Labs has scheduled the migration of MATIC to POL for September 4. This marks the first phase of a significant upgrade in line with Polygon's new roadmap.
In this first phase, POL will replace MATIC as the native gas and staking token for the Polygon Proof-of-Stake (PoS) network.
The upgrade aims to enhance Polygon’s multichain ecosystem by making POL a “hyperproductive token,” allowing holders to stake and validate transactions across multiple chains within Polygon’s aggregated blockchain network.
What MATIC holders need to do for the migration depends on where and how they hold their tokens:
Polygon Labs has launched the POL upgrade on the testnet to help users and developers familiarize themselves with the process.
While there is no deadline for MATIC holders to migrate their tokens post-upgrade, POL’s full functionality will be realized when Polygon’s multichain staking layer goes live, likely in 2025.
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