Polygon’s upgrade from MATIC to POL is set for September 4, 2024, requiring MATIC holders to take specific actions based on where their tokens are stored. Below is a detailed guide to ensure a smooth transition.
Key Actions for MATIC Holders
1. Holders on Polygon PoS Chain
- No action needed. Tokens will auto-convert to POL.
- This seamless process ensures uninterrupted network participation.
2. Holders on Ethereum
- Option A: Use the deployed migration contract for a permissionless upgrade.
- Option B: Utilize DEX aggregators like 👉 1inch or Kyber for integrated migration.
3. Holders on Polygon zkEVM
- Path 1: Bridge MATIC to Ethereum, then migrate via contract.
- Path 2: Swap MATIC for POL directly on zkEVM-based DEXs.
4. Holders on Centralized Exchanges (CEXs)
- Most major exchanges (e.g., Coinbase) will handle conversions automatically.
- Verify your exchange’s specific guidelines for confirmation.
5. MATIC Stakers/Delegators on Ethereum
- Staked tokens will auto-convert to POL.
- Staking rewards will continue without disruption.
Core Keywords
- MATIC to POL migration
- Polygon upgrade 2024
- POL token conversion
- Ethereum migration contract
- zkEVM token swap
FAQs
Q1: Will MATIC tokens become obsolete after the upgrade?
A: No, MATIC will automatically convert to POL, retaining all functionalities.
Q2: Is there a deadline to migrate MATIC to POL?
A: Migration is permissionless post-upgrade, but early action is recommended for clarity.
Q3: Can I still stake POL after migration?
A: Yes, staking mechanisms remain unchanged with POL.
Q4: How do I track migration updates?
A: Follow 👉 Polygon’s official announcements for real-time details.
Final Notes
- Monitor Polygon’s official channels for last-minute updates.
- Avoid third-party migration tools unless verified.
- Ensure wallet compatibility with POL post-upgrade.
For deeper insights into blockchain upgrades, explore 👉 this comprehensive guide.