According to Foresight News, Polygon Labs announced the launch of the 1 billion POL community grant program CGP. In the first quarter, 35 million MATIC will be allocated to projects built on Polygon. Applications are open today and will end on August 31, 2024.

Polygon Labs stated that based on community consensus, a community treasury was created, which will unlock 1 billion POL in the next 10 years, about 100 million POL per year, all owned by builders.