Polygon releases three proposals regarding the 2.0 upgrade and POL token migration

According to ChainCatcher news, information from the Polygon Labs governance page indicates that Polygon Labs has released three proposals regarding the Polygon 2.0 upgrade and the migration of the POL token, including upgrade transition, post-upgrade Polygon 2.0 architecture specifications, and updates to its native token. The final Polygon 2.0 upgrade is expected to take place next year.

Among them, PIP-17 outlines the "Phase 0" of Polygon 2.0. The main aspect of this proposal is to ensure that end users and developers do not need to take any action on the existing Polygon PoS and Polygon zkEVM chains during the upgrade; PIP-18 proposes the implementation of the POL token, aimed at replacing the existing MATIC token as the native gas and staking asset of the Polygon ecosystem; PIP-19 requires upgrading the native gas token on Polygon PoS from MATIC to POL in a manner that ensures maximum backward compatibility, ensuring that the upgrade of the new token does not change the compatibility of smart contracts on Polygon PoS.