#MaticUSDC Upgrade MATIC to POL: Polygon Portal Now Live
Polygon has announced an important update for users holding MATIC tokens on the Ethereum blockchain
Today, users can upgrade their MATIC to POL through the Polygon Portal Interface.
This upgrade is part of Polygonâs strategic transition to enhance its networkâs functionality and efficiency. Letâs explore more about POL.
Seamless MATIC to POL Upgrade Now Available
While there is no deadline for this upgrade, all MATIC tokens on Polygonâs Proof of Stake (PoS) chain and staked MATIC on Ethereum will be automatically converted to POL-on September 4th.
For users with MATIC on Polygon PoS, the upgrade process is straightforward. No action is required on their part, as their tokens will be automatically migrated to POL. This seamless migration ensures that MATIC holders on Polygon PoS experience a smooth transition without needing to manually intervene.
For those holding MATIC on Ethereum, the process involves a manual migration. Users can upgrade their tokens by utilizing the Migration Link available in the Polygon Portal. This link provides a direct pathway for Ethereum-based MATIC holders to convert their assets to POL. The Polygon Portal Interface offers a user-friendly experience, making the manual migration process as efficient as possible.
More About POLâs Migration
#ploybox.finance Centralized exchanges (CEXs)Â will handle the MATIC to POL upgrade differently, as each exchange will implement its migration process. Users holding MATIC on centralized exchanges should consult the official communications from their respective platforms to understand the specific procedures and timelines for the upgrade. It is crucial to follow these instructions closely to ensure a smooth transition of tokens.
This upgrade to POL represents Polygonâs ongoing commitment to evolving its ecosystem and enhancing user experience. By adopting POL, users benefit from the latest advancements in Polygonâs technology, contributing to improved network performance and efficiency.