The Polygon MATIC to POL Token Upgrade: Explained

In this video we break down the token upgrade on the Polygon Network which sees MATIC upgraded to POL. This is not a simple rebrand but the next stage of development for Polygon comprising of new token utility & responsibilities. If you are a holder of Matic, this video will show you what to do with your tokens upon the upgrade date of September 4th 2024. Upgrade ETH mainnet Matic here: https://portal.polygon.technology/pol-upgrade Bridge your Matic/POL here: https://portal.polygon.technology/bridge Timestamps 00:00 Disclaimer 0:20 Matic to POL TLDR 0:49 Polygon CDK 1:50 POL Utility & Brand 2:47 Emissions for POL 4:14 Matic/POL 1:1 Conversion 4:58 Agg Layer Explained 6:10 Key Benefits of agg layer 7:02 Unified Liquidity and UX 8:27 POL as Staking Layer Beneficiary 9:53 Do you need to Upgrade your tokens ? 11:55 Upgrading Matic via Portal on Mainnet ETH 12:30 Bridge Matic to Polygon POS 13:37 Note for stake Matic on ETH 14:02 Polygon zkEVM users 14:28 Final Thoughts Disclaimer: The information presented on the blocmates podcast is for educational and entertainment purposes only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. You should not make any decision, financial, investment, trading, or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. You understand that you are using any and all Information available on or through this podcast at your own risk. Cryptocurrency is a highly volatile and high-risk investment. You should only invest money that you can afford to lose. Before investing in cryptocurrency, you should do your own research and understand the risks involved. You should also consult with a financial advisor to get personalized advice on whether cryptocurrency is right for you.