Polygon

<ul><li>POL replaces MATIC as the gas and staking token for Polygon PoS, on September 4, 2024.</li><li>MATIC holders on Ethereum, zkEVM, and CEXs need to migrate to POL whereby Polygon PoS users see automatic conversion.</li><li>DeFi protocols must update to POL for accurate price feeds and functionality as staking rewards continue post-upgrade.</li></ul><a href="https://x.com/WuBlockchain/status/1825372187181891913" rel="noopener noreferrer nofollow">Polygon</a> has announced a pivotal change in its ecosystem, with the migration from MATIC to POL tokens set to occur on September 4, 2024. According to a report by Colin Wu, this significant transition will see POL replace MATIC as the primary gas and staking token for the Polygon Proof-of-Stake (PoS) network. Beyond this, POL is poised to play a crucial role in the upcoming AggLayer, marking a substantial evolution in Polygon&#39;s token utility and network functionality.The <a href="https://polygon.technology/blog/save-the-date-matic-pol-migration-coming-september-4th-everything-you-need-to-know" rel="noopener noreferrer nofollow">upgrade</a> represents the culmination of extensive community feedback and governance. When the community first proposed POL through PIP-17, there was a consensus that Polygon&#39;s growth demanded a more versatile token. POL emerged from this feedback as a necessary upgrade, promising expanded utility and enhanced functionality.POL&#39;s journey began last October when its ERC-20 contracts were launched on Ethereum. This initial step was crucial in paving the way for the full migration. As of July 17, the POL upgrade was tested on the testnet, allowing users and developers to familiarize themselves with the new system and address potential issues before the mainnet launch.<a href="https://cryptotale.org/matic-to-pol-upgrade-on-polygon-pos-set-for-september-4/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MATIC to POL Upgrade on Polygon PoS Set for September 4

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