Polygon starts upgrading, some MATIC holders need to actively migrate to POL through the migration contract

Odaily News Polygon developers have begun converting MATIC tokens to POL, which is now the native gas and staking token on the Polygon PoS chain. MATIC holders on Polygon PoS do not need to take any steps, and the upgrade to POL will occur automatically. However, MATIC holders on Ethereum, Polygon zkEVM, or centralized exchanges must actively migrate their tokens to POL through the migration contract. POL will maintain MATIC's existing token economy, distribution, and total supply of 10 billion tokens. The initial exchange ratio of MATIC to POL is set at 1:1, and the unlocking amount will gradually increase by 2% over ten years to support growth. (The Block)