Overview
- POL replaces MATIC as the native gas and staking token on the Polygon PoS chain.
- The transition is part of the broader Polygon 2.0 roadmap, focusing on zero-knowledge proofs and interoperability.
- Token holders on Polygon PoS will be automatically upgraded, while those on Ethereum and other networks have the option to migrate.
- POL will have an annual emission rate of 2%, with 1% allocated to staking rewards and 1% to the community treasury.
- The upgrade aims to diversify POL's utility, including staking services and cross-chain interoperability.