Massive technical upgrade coming to MATIC
According to Nailwal, POL provides the benefits of multi-chain staking without the additional risks associated with restaking.POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.
POL is staked in the staking hub in Polygon 2.0. POL can be restaked to validate any number of chains on the network using an approach known as"enshrined restaking." POL may be used to stake any number of chains and play any number of roles natively.POL would be a two-dimensional restaking innovation: enshrined restaking eliminates reliance on third parties, resulting in fewer vectors of centralization.
According to the Polygon Cofounder, POL is Generation 3, allowing holders to secure multiple networks and fulfill multiple roles.in mid-July. If the community agrees to go ahead with it, MATIC will be upgraded to POL in a 1:1 ratio. In practice, POL is an upgrade and renaming of the MATIC token. MATIC and POL would not and cannot coexist in terms of protocol; POL can only replace MATIC.
Conversion from MATIC to POL would be as simple as sending MATIC to the upgrading smart contract, which would instantly return the corresponding amount of POL. Token holders would be given adequate time to upgrade, for example, four years or more if the proposal passes, although migration might begin within a few months.
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