Polygon Labs founder Sandeep Nailwal says Polygon’s (MATIC) upcoming upgrade will transform its native asset into a “third-generation token.”
The Polygon community is currently mulling a technical proposal that would upgrade the project’s native MATIC token and rename it to POL.
The proposal is part of the network’s transition to Polygon 2.0, which aims to establish the project as the “value layer of the internet.”
Explains Nailwal on the social media platform X,
“POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s (layer-2s) that can easily interoperate and share liquidity with each other.”
Nailwal says users will be able to re-stake the POL token to validate any number of chains on the network, an improvement he calls “enshrined staking.”
“POL is an innovation on restaking in two dimensions:
1) Enshrined restaking fully
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