One article understands Polygon $ matic renamed $ Pol, what is it?

Ethereum expansion solution Polygon released a new proposal in June 23rd, intending to upgrade the original main chain Polygon Pos to ZKEVM Validium, and proposed a major update of 2.0 every other month.Ecological protocol Polygon POS, Polygon SuperNets and Polygon Zkevm.
On the evening of July 18th, Polygon officially issued a post on social platform X that the community has agreed to upgrade the MATIC to POL proposal and be scheduled to beSeptember 4thThe upgrade is officially launched on the main network.Polygon officially added that they have launched the test network upgrade on July 17 to identify and repair the potential issues.

On August 28, the official X released“POL Upgrade | Everything to Know”(POL upgrade | Everything you need to know) officially announced the details of upgrade related details.In the last round of the bull market Polygon ecology, in terms of ecology and token, it was remarkable. However, in this special cycle, I did not see too much dazzling performance.

How should we look at the upgrade of $ matic to $ Pol?137labsFor the official documentation and AMA, you have made a detailed combing of this upgrade to take you to understand the details of this upgrade.

First of all, let’s learn from Polygon’s official “Migration is coming: MATIC will be migrated to POL on September 4th” AMA.

spokesman

Sandeep nailwal-Forian founder

Mihailo bjelic-Forian founder

Marc boiron-Polygon Labs CEO

David Silverman-Polygon Labs Vice President

Paul Gebheim-Chide team director

Is there a deadline for migration to MATIC to POL?

Migration MATIC to POL does not have a fixed deadline.The migration process began in October last year, and the upgrade on September 4 is an important step in this transition.After this date, all the matches on the Polygon POS chain will automatically convert to POL without user intervention.For users who are pledged MATIC, you can continue to pledge, and the pledge contract will handle the transition process.If you choose to pledge POL directly, you will benefit from the less gas cost than the migration process.Please note that although there is no deadline, the migration on Ethereum will generate gas costs, and the upgrade of Polygon POS users will automatically perform without additional costs.

Why does my wallet still show MATIC instead of POL after migration?

Your wallet may still display MATIC because the token name is needed.The packaging MATIC may continue to be displayed as a match until the upgrade is completely processed.Some wallets may be updated automatically, but you may need to adjust manually.

Does the POL tokens and migration contracts have been audited?

Yes, POL tokens and migration contracts have been thoroughly audited.Hexens and at least two other teams audited the migration and token contracts.In addition, pledge migration and POS native token upgrade have also been audited.Polygon Labs teams and external partners such as Stader, Lido and Coinbase also contributed to improving the security and reliability of the code.All audit reports can be viewed in the Polygon token storage.

What will happen to the MATIC held in the smart contract (such as liquidity pool) on the Polygon POS?

MATIC in smart contracts (including liquidity pools) will automatically upgrade to POL.If you are a liquidity provider, your position (such as the MATIC-ETH transaction pair) will be seamlessly switched to the POL on the first day without any changes.This process has been comprehensively tested at various levels to ensure that your LP position continues to work normally.If MATIC is still displayed in the application UI, contact developers to get updates.

What will happen to the existing DApps or protocols on the Polygon POS?

The migration design is seamless, which has the least impact on existing DAPPS or protocols.Most applications do not need any changes, but a few may be small practical repair at the end of September.Some DAOs may be proposed to update, such as switching the prophet from MATIC to POL.Overall, the contract has the least influence, but it is best to confirm the specific details with your exchange or development team.

What should I do if I hold MATIC (including pledge) on the centralized exchange?How will the migration be carried out?

If you hold or pledge MATIC on a centralized exchange, follow the specific guidance provided by the exchange.Each exchange may handle the migration of matic to POL in different ways, so it must be operated according to their instructions.Some exchanges, such as Kraken, have begun to share common questions and guidelines.Remember, migration is not urgent, slowly understand the process, and be careful of any possible scams.The best way is to keep information updating and follow the instructions of the exchange to ensure smooth transition.

What will happen to Wrapped Matic (WMATIC) during the migration process?Do users need to operate other ERC20 tokens on Polygon POS?

Wrapped Mature (WMATIC) on Polygon Pos is similar to Wrapped Eth on Ethereum, which is expressed as an ERC20 of the local MATIC token.During the migration process, Wmatic will also be converted to POL, but the data on the chain will still be called WMATIC until the hard fork updates the packaging contract.This change will be carried out later, so users should be updated as WPOL after a hard fork.As for other ERC20 token on Polygon Pos, migration will not affect them, and all applications should continue to operate normally.

What would happen if I transfer the match to Polygon POS before or after migration?

If you transfer MATIC to Polygon POS before migration, it will automatically convert to POL during the migration process.After migration, if you transfer MATIC to POS, it will also convert to POL on the POS side.Whenever you transfer, you will eventually get POL on the POS side.If you decide to extract POL in the future, you will receive POL, but you can use the migration contract to convert it back to the match (if necessary).This setting ensures smooth backward compatibility in the entire process.

Will my StMatic tokens automatically migrate to POS on the DEFI platform?

Your StMatic tokens still represent the MATIC pledged. Since the pledge transition is completely backward, it is expected that there will be no major changes.The name and code of the STMATIC will remain unchanged, and it will represent the merger balance of the MATIC and POL pledged in the LIDO system.In fact, for Stmatic holders, nothing will change -you can continue to pledge and use the tokens.If you have any doubts, it is best to contact the Lido On Polygon team to obtain specific details.

Q10

What will happen if I hold the MATIC on other Layer 2 (such as Zkevm, Arbitrum or Optimism)?What steps should I take?

If you find yourself holding matic on other Layer 2, several options you have:

Liquidity pool:The liquidity pool may be set on the Layer 2 chain, and you can convert the MATIC to POL or other assets.These pools are usually set on a non -licensed decentralized exchange.

Move to layer 1:You can transfer MATIC from Layer 2 to Layer 1, use a migration contract to convert it to POL, and then decide whether to re -transfer it to Layer 2 or explore other options on Polygon POS or ZKEVM.

If you use other layer 2:Make sure it is safe and provide the required flexibility.Always use other Layer 2 when risk -up!

Q11

How does the community participate in the governance of POL, and what future roles can POL play in the ecosystem?POL tokens play an important role in Polygon’s governance and ecosystems, and provide several ways to participate in community participation?

Participate in governance:

Polygon improvement proposal (PIPS):Anyone can submit PIPS to propose changes or improvements on the network.This process is important for the development of the Polygon ecosystem, including proposals about POL itself.

Governance conference:The community can participate in the Polygon Protocol Governance (PPG) meeting to discuss and provide feedback on proposed changes.This is an opportunity for anyone who is interested in the governance process.

Agreement Committee:

Council election:The Agreement Committee is a team elected by the community to upgrade the agreement.It is currently discussing how to use the POL Election Commission and introduce emergency measures when necessary.

Community finance:

Financial management:POL participates in managing community finance, which is a self -maintained fund that supports all parts of the Polygon ecosystem.In the future, POL may use signal transmission or election members of the community financial committee.

In general, POL enhanced the community’s participation in governance and ensured that decision -making is driven by the community. It has established a variety of mechanisms to integrate POL into the governance and future development of the ecosystem.

The above is the official AMA Q & A on this upgrade. Next, we have released the upgrade from the official release of “Pol Upgrade | Everything to Know” (everything you need to understand).

The important evolution of MATIC to POL on September 4 marks the POLYGON ecosystem, which reflects its widespread and ambitious vision.Originally unveiled with Matic Network, Polygon developed into a multi -level ecosystem and is known for its popular POS chain.This migration is the final step since the 2020 MATIC brand was reshaped as Polygon, which aims to align the network token with its multi -chain architecture.

Polygon has evolved from a single -chain network to a comprehensive multi -chain infrastructure because aware of the long -term growth required for a single chain that cannot support the global web3.The brand remodeling as Polygon symbolizes the transformation to the blockchain Internet, and has promoted a more scalable and interconnected ecosystem.However, the original MATIC tokens did not fully reflect the expansion of the Polygon network.The upcoming POL migration is the climax of this evolution, representing the final implementation of the Polygon multi -link line diagram and its support decentralization and the community -driven network.

POL will not only improve the technical capabilities of the Polygon ecosystem, but also use the decentralized decision -making process to empower the community, especially in terms of funding and network growth initiative.Through POL, the community will play a greater role in promoting the growth of ecosystems and benefit from the issuance mechanism that cannot be achieved during the MATIC period.This migration will also be diversified of POL usage scenarios, so that it can support various networks in the Polygon ecosystem, from POS chain to Agglayer and ZKEVM chain to reduce dependence on single networks, for the continuous expansion and innovation of the Polygon ecosystemLave the road.

POL’s token economics

1. From productive tokens to super productive tokens

From Bitcoin’s $ BTC (mainly non -productive assets) to Ethereum’s $ ETH (productive tokens), this evolution shows how the native violin enhances the protocol function and inspires participants.Polygon’s POL represents the next step of evolution and introduces the concept of super productive token.POL enhances the effectiveness and role of the verified by the network through the following two key innovations:

Multiplica verification:Verifications can now participate and protect multiple Polygon chains, extending their operating scope and potential rewards.

Multiple roles:In each chain, verificationrs can perform various roles, such as zero -knowledge proof of the generation and participation of the data availability committee (DAC), each character provides different incentives.

2. Main advantage

Pol introduced several significant advantages to the Polygon ecosystem:

Ecosystem safety:By inspiring a large number of decentralized POS verifications, POL has improved the security and neutrality of each Polygon chain, and encourages verifications to protect as many chains as possible.

Infinite extension:POL supports the index -level growth of the Polygon ecosystem, so that it can expand efficiently and securely in the new chain while adding the chain.

Ecological system support:POL promotes the continuous support of the network through a sustainable protocol mechanism, including development, research, funding, and adopting incentives.

Avoid user friction:The design of the POL has minimized friction, avoiding users and developers who need to hold or pledge to visit the network, thereby improving the overall user experience.

Community ownership:POL allows community governance to reflect Polygon’s commitment to decentralization and support community -led decision -making process.

Pol’s utility and incentive mechanism

The transition from MATIC to POL is not only a simple token upgrade -it is a strategic evolution to lay the foundation for the long -term success and sustainable development of Polygon.POL aims to be the self -maintenance engine that drives the Polygon network, and support it to become the mission of becoming an Internet value layer.The following is how POL promotes Polygon’s growth and innovation through its utility and distribution model.

Verification inspiration

One of the key effects of POL is its role in motivating verifications.The verification is the pillar of the Polygon network to ensure its security and scalability.The Pol’s distribution model is assigned some POL to the verification. The following is how POL promotes Polygon’s growth and innovation through its utility and distribution model:

Inspiring security:Most POL issuances are specified as pledge rewards for verifications.This ensures that the verifications are always motivated to participate and protect the network, thereby maintaining its flexibility and integrity.

Support scalability:Through a stable reward supply, the verified pool can effectively grow to support increasing the number of chain and transactions.This scalability is essential for maintaining the performance and reliability of Polygon.

Community fiscal bank

The community finance database was funded by another part of the Pol issuance as the command center of the Polygon ecosystem.The fund is managed by the Community Finance Board and supports multiple key functions:

Ecological system development:The fiscal database allocation resources are used for agreement development, research, funding, and admission measures.This ensures that the network can continue to support its evolution and adaptation when facing new challenges and opportunities.

Sustainable growth:By continuously funding development and innovation, the community financial database helps to maintain the forefront of blockchain technology.This continuous investment supports the long -term growth and adaptability of the network.

Continuous innovation funds

POL’s distribution model provides a stable capital flow to promote Polygon’s innovation and growth:

Research and development:Community fiscal database funding new projects and research, promoting the boundaries of blockchain technology, and ensuring that Polygon has always been leading.

Funding and motivation:By providing funding and incentives, the Finance Library attracts new developers and projects to cultivate a vibrant innovative ecosystem.

Cyberspace and stability enhancement

POL’s distribution model also contributes to the security and stability of the network:

Reliable verifications incentive:With guaranteed rewards, verifications are more likely to promise on the Internet for a long time.This stability is very important when Polygon expands and handles the increasing transaction volume.

Decentralization:Good inspirational verifications have promoted decentralization and maintained the elasticity and reputation of the network.

Flexibility and community governance

The distribution model contains flexibility and community governance:

Adjustable circulation rate:The community can adjust the circulation rate through the governance mechanism.This flexibility enables Polygon to adapt to changing demand and maintain its efficiency.

Community participation:By allowing the community to participate in decision -making, the network is aligned with the priority of users, and the sense of belonging and participation is cultivated.

Long -term vision

POL’s distribution model supports Polygon’s long -term vision

Sustainable ecosystem:Continuous funds ensure full support for key areas such as security and development, and maintain the competitive advantage of Polygon in the next years.

Mainstream adoption:By ensuring security, scalability and innovation, Polygon positions Polygon as a leading platform to support multiple applications and use cases.

The annual distribution model is not just a strategy; it is the lifeblood of the Polygon aggregate blockchain network.By providing continuous financial support for verifications and the community financial library, Pol ensures Polygon’s security, innovation and elasticity.This model is like a supplementary energy source, driving the growth and adaptability of the network, and preparing for future challenges and opportunities.

How to migrate from MATIC to POL?

Automatic migration:There is no need to take any action for the MATIC holder on the Polygon POS.Your MATIC token will be automatically converted to POL on September 4.All liquidity pools, DEFI applications, and NFT will be seamless to POL to ensure that you can experience it smoothly without any operation.

Manual migration:If you hold MATIC on Ethereum, use migration links in Polygon Portal to upgrade from matic to POL.Just complete the migration process according to the instructions provided.

CEX migration:The centralized exchange will process the upgrade from MATIC to POL in accordance with their respective processes.Please check the official notice of your exchange to obtain specific details about migration.

Conclusion

The migration from MATIC to POL on September 4 marks a key milestone in the development of the Polygon ecosystem.This transition represents the final step of Polygon’s realization of its comprehensive multi -chain network vision.Polygon’s journey from a single -chain to a multi -chain architecture is now to be completed by introducing POL. This is a tokens that intend to match network expansion capabilities and ambitions.

The transformation to POL is not just token upgrades; it is a strategic evolution that improves Polygon’s technical capabilities and decentralized the decision -making process.With the help of POL, the verifications will get new incentives and characters to support the security and scalability of the entire network.This efficient token model will enable Polygon to expand infinitely, support diverse use scenarios, and promote community -driven governance.

The effectiveness of POL lies not only as its role as a token; it promotes the growth of ecosystems by providing verifier with incentives, establishment of community finances for development and innovation, and governance models that promote community participation.The migration process is designed to be seamless. The MATIC holders on the Polygon POS will automatically upgrade, and users on Ethereum or centralized exchanges will obtain a clear migration guide.

Overall, POL will promote Polygon to realize its long -term vision to become the Internet value layer.This migration represents an important progress to ensure that Polygon is the forefront of blockchain innovation, while promoting decentralization and community -driven networks.
It is worth noting that $ MATIC faced the regulatory punch of the US SEC as early as June last year. It was classified as securities many times by SEC, which caused the price to collapse at that time.Although the official response stated that Polygon developed and deployed abroad, after the MATIC was upgraded to POL, it is still unknown whether it can escape the pressure of US regulators.

Whether the upgrade can bring the Polygon ecology again, reunify the market’s passion for its ecology, whether the performance of $ POL can make more official efforts.youWhat new expectations will you have after renamed the Polygon token?What are the new opportunities of $ POL?