Upgrade from MATIC to POL has been initiated on Ethereum's mainnet. POL is now the native gas and staking token for Polygon PoS and will be used for transactions on the network.

The upgrade from MATIC to POL is a 1:1 migration, and users with MATIC on Ethereum can migrate to POL via the Polygon Portal interface.

Don't fear

The upgrade from MATIC to POL brings several exciting changes.

POL as the new native token-POL replaces MATIC as the primary token for gas payments and the staking token for Polygon's proof-of-stake (PoS) consensus.

Expanded utility-POL will have expanded utility in the AggLayer, serving a crucial role in Polygon's growing network of aggregated blockchains.

No action required for holders-Holders of MATIC on Polygon PoS don't need to take any action, as their tokens will be automatically upgraded to POL.

Manual upgrade for Ethereum holders-Holders of MATIC on Ethereum need to manually upgrade their tokens to POL using the migration contract.

-No deadline for upgrade- There is no deadline for users to upgrade their tokens, but it's recommended to do so to access the new features and utilities of POL.

-POL's role in Polygon 2.0-POL will play a central role in Polygon 2.0, enabling new use cases and incentivizing participation in the network.

These changes mark a significant milestone in Polygon's evolution and set the stage for its future growth and development.

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