On September 4th, the long-awaited upgrade from MATIC to POL continues, with POL replacing MATIC as the native gas and staking token for the Polygon PoS network in the initial phase. In subsequent phases, POL will play a crucial role in the AggLayer.
This upgrade is fully community-driven, stemming from the feedback following the proposal of POL as an upgrade to MATIC in PIP-17 last year.
The community recognized the need for an upgraded token with expanded utility to align with Polygon’s new direction as an aggregated blockchain network.
Blog post below with more details: