Who created it
Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic
Why it was created
To replace MATIC and become Polygon’s unified “network token” (Polygon 2.0): coordination and security (staking), fee payments, validator incentives, and long-term ecosystem support via the Community Treasury.
How it’s used
- Paying network fees on Polygon PoS
- Staking/delegating to validators to help secure the network
- Receiving protocol rewards by validators (emission for validator rewards)
- Funding ecosystem development via the Community Treasury (second portion of the emission)
- Using POL across Polygon ecosystem dApps as a base asset (DeFi/NFTs/gaming/payments)
Risks
- High price volatility
- Emission/dilution risk: the current model includes token emissions (2% is referenced in the model), and distribution/parameters may be changed via governance — which can dilute holders.
- Centralisation and governance risk: in critical moments, decisions often rely on a relatively limited set of participants (typical for many networks, but the risk remains).
FAQ
- POL и MATIC — это разные токены или один и тот же?
- POL is the successor token that replaces MATIC on the Polygon network. As part of the MATIC → POL upgrade, POL becomes the native gas and staking token for Polygon PoS.
- Нужно ли мне что-то делать, если MATIC у меня на Polygon PoS?
- According to the migration description, in the base scenario no action is required for MATIC holders on Polygon PoS: the upgrade happens automatically at the network level.
- Почему в POL есть эмиссия, если у MATIC был лимит около 10 млрд?
- POL tokenomics include two deterministic emissions of 1% per year: for validator rewards and for the Community Treasury. These rates are “locked” for 10 years, and afterwards can only be reduced via governance.