Polygon will replace its longstanding MATIC token with a new POL token, enhancing flexibility in token supply issuance and setting the stage for future upgrades.
The migration involves POL becoming the native gas and staking token for the Polygon PoS network, with future support for activities in the AggLayer and Polygon staking hub.
The new POL token will have an annual emission rate of 2%, rewarding validators and supporting the community treasury, maintaining a self-sustainable ecosystem.
The upgrade was necessary due to the intentional burning of MATIC upgrade keys, which restricted further development and enhancements in the token's ecosystem.
Collection
[
|
...
]