TLDR Crypto · MARKETS & BUSINESS

WHAT YOU NEED TO KNOW ABOUT THE $MATIC TO $POL UPGRADE

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Summary from the TLDR Crypto newsletter

The MATIC token is rebranding to POL to align with the Polygon branding. With the AggLayer interoperability solution being the primary point of focus for the Polygon team, POL will be seen as the “AggLayer token” and will allow for staking on multiple chains. MATIC will be automatically migrated to POL on the Polygon PoS chain, but everyone else must use a migration contract.