Polygon Transitions MATIC to POL, Here’s What You Need to Know

Polygon has completed its upgrade to Polygon 2.0, centered on replacing its native token MATIC with POL. POL is set to add new staking methods, including allowing stakers to generate zero-knowledge proofs and participate in Agglayer, an interoperability bridge, and may open earning opportunities on networks built with Polygon's CDK development kit. The token's inflationary schedule will release 200m POL annually to reward stakers, and the transition happened automatically overnight for MATIC held directly on Polygon's network. Ethereum-based MATIC holders and those on centralised exchanges can upgrade manually, with no deadline given. Polygon CEO Marc Boiron called it "the biggest little upgrade that's ever happened with a token."