Here’s When Polygon Will Migrate from MATIC to POL Token

Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal.

This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts.

The Migration Process

“Following PIP-42, consensus was reached that Polygon PoS validators must stake POL (the upgrade to MATIC) to earn protocol rewards and transaction fees in POL,” said Polygon Labs in a July 18 blog post.

SAVE THE DATE: MATIC → POL

After community consensus, the long-awaited upgrade is set for September 4th

• Initial phase: POL replaces MATIC as the native gas and staking token for Polygon PoS

• Subsequent phases: POL will serve a crucial role in the AggLayer

More details