What is Polygon (POL)

Polygon (POL) is the native token of the Polygon ecosystem and the successor to MATIC. POL is designed as a single token for Polygon PoS and future components of Polygon 2.0/AggLayer.

Launch 04.09.2024 Polygon (Polygon PoS)

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.