*Polygon's POL Upgrade Reaches Final Stage: 99% of MATIC Tokens Migrated*
The Polygon network has achieved a significant milestone in its upgrade from MATIC to POL, with 99% of MATIC tokens successfully migrated. This upgrade marks a major step in Polygon's evolution, enhancing its blockchain ecosystem.
*Key Features of the POL Upgrade:*
- *Native Gas and Staking Token*: POL now serves as the native gas and staking token for Polygon PoS transactions, expanding utility beyond the original MATIC functionality.
- *Streamlined User Experience*: The upgrade provides standardized fees, enhanced validator incentives, and scalable transaction fees supporting network growth.
- *Future Utility*: POL is designed to support broader roles in an aggregated network, potentially accruing rewards via staking and eligibility for community airdrops.
*Benefits of the Upgrade:*
- *Increased Efficiency*: POL aims to make the Polygon network more efficient and scalable.
- *Enhanced Security*: The new tokenomics model includes a 2% annual emission over ten years to fund network security and community development.
- *Native Staking*: POL holders can now natively stake their tokens on Ethereum, earning validator rewards and becoming eligible for airdrops ¹ ² ³.
*What's Next:*
- *Agglayer Integration*: Polygon PoS will connect to Agglayer, bringing POL into the broader aggregated network and enhancing interoperability.
- *Continued Adoption*: The network's growth is reflected in its on-chain data, with unique address counts consistently on the rise and a strong DeFi ecosystem ².