#dydx Polygon (MATIC) Takes Giant Step Forward to Polygon 2.0

$MATIC

The upgrade to POL was initiated on the Ethereum mainnet after months of development, community consultation and a successful testnet launch.

Polygon 2.0, which was launched this summer, is a roadmap for scaling Ethereum to develop the Internet's value layer, and POL enables this capability.

The POL token upgrade is now live on Ethereum mainnet.

Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value

POL is a next-generation token that can power a vast ecosystem of ZK-based L2 chains. It does that via a native re-staking protocol that allows POL holders to validate multiple chains and perform multiple roles on each of those chains, turning POL into a hyperproductive token.

This major milestone is the result of months of development, extensive community consultation and a successful testnet launch. Big thanks & congratulations to everyone involved.

Let’s build the Value Layer of the Internet together!

POL, a next-generation hyperproductive token, will use a native restaking protocol to power a massive ecosystem of zero-knowledge-based Layer 2 chains.

POL holders will be able to validate many chains and play multiple roles on each one (sequencing, ZK proof generation involvement on data availability committees and so on).

According to Polygon cofounder Mihailo Bjelic, the launch of POL is a major milestone on the Polygon 2.0 roadmap, but it is only the beginning, as it will pave the way for several upgrades

The POL upgrade sets the stage for the next set of Polygon 2.0 milestones. Launching a new staking layer to power Polygon L2s, upgrading Polygon PoS to zk-rollup and building an advanced, ZK-powered interoperability and shared liquidity protocol for all of these L2s are all on the agenda.

Bjelic went on to say that the POL contracts, together with the recently announced Polygon Protocol Council, are interlocking gears in a community-driven governance mechanism that will play an increasing role in shaping the future of Polygon protocols in the 2.0 era.