Polygon Labs has introduced the Ethereum contract for its new token, POL, on October 25. POL is set to replace MATIC in the Polygon ecosystem. However, users are not required to swap their MATIC for POL at this time. The new token aims to support a zero knowledge-based Layer 2 chain ecosystem, offering a re-staking protocol for multiple functions.
Polygon launches POL token contract on Ethereum to eventually replace MATIC
