Golden Finance reported that Polygon's mainnet upgrade is scheduled for September 4, 2024, and its native token will be converted from MATIC to POL after community approval. POL is expected to maintain MATIC's existing token economics, distribution, and total supply. Subsequent stages may see the expansion of POL's functionality, especially within the AggLayer, depending on community opinion. The testnet migration launched on July 17 aims to identify and resolve potential issues before the mainnet upgrade. After the upgrade, POL will replace MATIC as the main token for gas fees and staking.