Polygon’s native token, MATIC, is set to undergo a significant technical upgrade that will transform it into a third-generation token called POL. The upgrade will bring advancements, including multi-chain staking without the traditional risks of restaking. The Polygon ecosystem will expand from a single chain to an entire ecosystem of interoperable L2s, allowing seamless sharing of liquidity. Concerns about the transition mechanism from MATIC to POL have been addressed, with a streamlined upgrade process promised. The evolution to POL promises innovation and opportunities for Polygon, and more details are eagerly awaited.
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