Here’s What MATIC Holders Need to Do as Polygon’s Upgrade to POL Is Now Days Away

2024-8-25 10:25

MATIC holders will need to take specific actions depending on where their tokens are held in relation to the upcoming migration to POL, which is now only days away since it will happen on September 4, 2024.

For MATIC holders on the Polygon PoS chain, no action is required. Their tokens will automatically convert to POL without any user intervention. This seamless transition is needed so that holders can continue to engage with the network without disruption.

Holders on Ethereum have a couple of options. They can upgrade their MATIC to POL using a migration contract that has already been deployed, allowing for a permissionless upgrade at their convenience. Alternatively, if they prefer not to interact directly with the migration contract, they can utilize decentralized exchange (DEX) aggregators like 1inch or Kyber, which have integrated the migration process.

Soruce: polygon.technology/blog

For those holding MATIC on Polygon zkEVM, there are two paths forward. Users can bridge their MATIC tokens from zkEVM to Ethereum and then use the migration contract to upgrade to POL. Another option is to swap their MATIC for POL directly on a zkEVM-based DEX or aggregator.

MATIC holders on centralized exchanges (CEXs) can expect most major exchanges to handle the migration automatically. For instance, if you hold MATIC on Coinbase, you don’t have to do anything. However, it’s crucial for users to check the specific guidance provided by their exchange to confirm the process.

It’s worth noting that MATIC stakers and delegators on Ethereum will see their staked tokens automatically converted to POL, with staking rewards continuing uninterrupted.

Follow Polygon’s official X account as they should announce more details about migration in the next few days.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Here’s What MATIC Holders Need to Do as Polygon’s Upgrade to POL Is Now Days Away appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Matic Network (MATIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5485
Капитализация $0 Rank 99999
Доступно / Всего 0 MATIC

days away pol holders need matic 2024

Источник: captainaltcoin.com

days away → Результатов: 126


Фото:

Bitcoin Halving Is 200 Days Away, This Happens Every Time: Is It Time To Doubledown?

Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart shared by the “thescalpingpro” on X on October 9, the analyst appears to suggest that the world’s most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024.

2023-10-10 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana Unveils ‘Seeker’: Next-Gen Web3 Mobile Device, SOL Price Surges

Solana recently announced its new initiative, Solana Mobile, unveiling the Solana Seeker—a mobile device designed specifically for the web3 experience. The Seeker aims to blend hardware and software seamlessly, offering a lighter and brighter design, improved camera capabilities, and extended battery life, all at a more affordable price point.