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Polygon plans to convert MATIC to POL on September 4

BlockBeats reported on July 18 that Polygon's mainnet upgrade is scheduled for September 4, 2024. After community approval, its native token will be converted from MATIC to POL.

The testnet migration launched on July 17 aims to identify and resolve potential issues before the mainnet upgrade. After the upgrade, POL will replace MATIC as the main token for blockchain gas fees and staking.

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What's new with Matic renaming to Polygon?

AAVE Protocol will deploy its Layer2 version on the Polygon (formerly Matic) test chain

AAVE is also partnering with Transak to enable users to purchase Polygon assets directly with fiat currency.

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