Please mention other upgrades related to POL token.

Created by Mayank Singhal, Modified on Fri, 2 Aug at 1:19 PM by Mayank Singhal

Liquid Staking Providers

  • No changes needed: After September 4, 2024, the unified stake reserve will be denominated in POL; however, staking and unstaking via MATIC will use the same functions as today.

  • Future Upgrade: Consider preparing for an upgrade to allow for staking and unstaking both MATIC and POL within the same Liquid Staking Token (LST).

Holders of Liquid Staking Tokens

  • Liquid staking programs: Different programs may have varying processes and timelines.

  • Temporary suspension notice: Be aware that there may be temporary suspensions of issuances and redemptions around the September 4th upgrade date. This is to allow the upgrade of MATIC to POL.

  • Program-specific information: All liquid staking programs operate differently, so it’s essential to identify information about each specific program for more tailored instructions or information regarding the upgrade.

Oracles

  • List POL price feeds: Core developers of oracles may consider updating for POL price feeds to ensure a smooth transition and accurate data. This will help maintain the integrity and reliability of price feed services during and after the upgrade.

Wallet Providers

  • Update symbol: Wallet providers may consider changing the symbol of the native gas token from MATIC to POL on the Polygon PoS chain.

  • Confirm embedded dApp readiness: Confirm that wallet-embedded dApps (bridges, staking providers, etc.) are prepared for the September 4th upgrade of the native bridge.

RPC Providers

  • Update symbol: RPC providers may consider changing the symbol in the RPC settings from MATIC to POL. This update is necessary to correctly display and interact with the POL token standard across the network.

Bridges

  • Prepare for upgrade: Core bridge developers may work to ensure that the bridge is ready for the native bridge upgrade. This includes updating any systems and protocols to handle POL as the only withdrawable asset.

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