The Polygon upgrade went live on September 5, 2024 (Singapore time), converting its native token from MATIC to POL at a 1:1 ratio. POL will now serve as the new native gas and staking token.
If your MATIC tokens are in your Polygon account, they will be automatically upgraded to POL without any action required. If your MATIC tokens are in your Ethereum account or Polygon zkEVM account, please refer to the guide below to manually upgrade them to POL.
Guide:
- MATIC tokens in Polygon zkEVM account: First use Polygon Portal (https://portal.polygon.technology/bridge) to send the MATIC tokens to your Ethereum account before proceeding with the upgrade.
- MATIC tokens in Ethereum account: Choose a migration DApp to manually upgrade them to POL tokens.
Migration DApps (choose one):
Polygon Portal: https://portal.polygon.technology/pol-upgrade
CowSwap: https://swap.cow.fi/
KyberSwap: https://kyberswap.com/
On the "Browser" page of imToken, search or enter the URL to access the DApp, connect your wallet and input the amount of MATIC tokens you want to upgrade. Follow the prompts to authorize the contract to access your MATIC tokens to complete the swap. After the swap is done, POL tokens will be transferred to your account.
Learn more about Polygon upgrade: https://polygontechnology.notion.site/MATIC-POL-Migration-3367ffa954d743b88200cb25cd9f504c
imToken Team
2024.09.05 SGT