POL, a new native token for the Polygon protocol architecture, also known as Polygon 2.0. It analyzes relevant token designs such as Bitcoin, Ethereum, Cosmos, and Polkadot, outlining their advantages and disadvantages. The authors then define POL's design goals, including ecosystem security, infinite scalability, ecosystem support, frictionless user experience, and community ownership. The paper details the utility of POL, which includes validator staking, rewards, and governance. It also outlines the initial supply and emission policy for POL, including the introduction of a Community Treasury. The paper discusses the migration process from MATIC to POL, and introduces the Staking Layer, a programmable multi-chain coordinator protocol. It goes on to propose an economic model to simulate important performance indicators of the POL-powered ecosystem, validating its hypothesis and concluding that POL is a novel, next-generation asset that provides a solid foundation for achieving Polygon's ambitious vision.
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