Polygon's evolution to POL marks a significant milestone in the Polygon 2.0 roadmap. This upgrade is designed to enhance network operations and expand the utility of the native token for staking and transactions. If you're a MATIC holder, understanding how to transition your assets is essential. This guide covers the steps to transfer MATIC to POL, whether your tokens are on Polygon PoS, Ethereum, or zkEVM.
For most users on Polygon PoS, the conversion is automatic. However, if your tokens are on other networks, manual steps are required. Let's explore the process in detail.
Understanding the MATIC to POL Upgrade
The transition from MATIC to POL is more than a simple rebranding. POL is engineered to support Polygon's expanding ecosystem, including its Aggregation Layer and future staking mechanisms. Upgrading ensures continued access to network functionalities, staking rewards, and governance participation.
How to Transfer MATIC to POL Based on Network
The migration process varies depending on where your tokens are stored. Below, we break down the steps for each scenario.
If Your MATIC Is on Polygon PoS
For tokens held on the Polygon Proof-of-Stake (PoS) chain, the upgrade to POL occurs automatically. No manual intervention is needed for the conversion itself. However, you might need to update your wallet display to reflect the new POL symbol.
Follow these steps to update the token symbol in MetaMask:
- Open your wallet and ensure you are connected to the Polygon Mainnet.
- Click the three-dot menu next to the network name and select "Settings."
- Navigate to the "Networks" section and locate Polygon Mainnet.
- Here, you can update the symbol from MATIC to POL.
This adjustment ensures your wallet correctly displays your POL balance.
If Your MATIC Is on Ethereum
Tokens on the Ethereum network require a manual upgrade via the official Polygon Portal.
To migrate:
- Visit the Polygon Portal and connect your Web3 wallet, ensuring it is set to the Ethereum network.
- Select the amount of MATIC you wish to upgrade.
- Approve the transaction and confirm the upgrade, which executes at a 1:1 ratio.
Note that this process involves two transactions: one for approval and another for the actual upgrade. Ensure you have sufficient ETH for gas fees.
After completion, your POL tokens should appear in your wallet. If they don’t, you may need to manually add the POL token contract address.
👉 Explore the official migration portal
If Your MATIC Is on Polygon zkEVM
For tokens on Polygon zkEVM, you must first bridge them to Ethereum before upgrading.
Here’s how:
- Use the Polygon Bridge to transfer your MATIC from zkEVM to Ethereum.
- Once on Ethereum, follow the manual migration steps outlined above.
Bridging is necessary because the automatic upgrade feature for PoS ended in September 2024. Manual migration is now required for all tokens outside Polygon PoS.
Other Migration Scenarios
Centralized Exchanges (CEXs)
If you hold MATIC on a supported exchange like Coinbase or Binance, the platform likely handles the conversion automatically. Check your exchange’s announcements to confirm their policy and ensure your balances update correctly.
Smart Contracts and Liquid Staking
MATIC in smart contracts on Polygon PoS upgrades automatically. Contracts on Ethereum or zkEVM require manual upgrades or admin action. Liquid staking providers may pause operations during the transition, but staked tokens generally upgrade without issue.
Frequently Asked Questions
Do I need to migrate if I hold MATIC on Polygon PoS?
No, the upgrade is automatic. You only need to update your wallet’s token symbol to display POL correctly.
Is there a deadline for manual migration?
Polygon has not set a hard deadline for manual upgrades from Ethereum or zkEVM. However, migrating promptly ensures uninterrupted access to staking and network features.
What happens if I don’t migrate my MATIC?
Delaying migration may result in lost staking rewards and inability to pay for gas or participate in network activities on non-upgraded chains.
Can I upgrade MATIC from zkEVM directly to POL?
No, you must first bridge tokens to Ethereum, then migrate via the Polygon Portal.
Will I receive POL at a 1:1 ratio?
Yes, the upgrade exchanges MATIC for POL at a 1:1 rate.
How do I add POL to my wallet if it doesn’t appear?
Manually add the token using POL’s official contract address, which can be found on Polygon’s documentation or explorers.
The Future of POL in the Polygon Ecosystem
Beyond serving as a upgraded native token, POL will be integral to securing Polygon’s Aggregation Layer and future staking hub. Its design supports cross-chain interoperability and enhanced utility, making timely migration beneficial for long-term holders.
Upgrading ensures you remain aligned with Polygon’s roadmap and can participate in emerging opportunities. 👉 Learn more about advanced staking strategies
Conclusion
Transferring MATIC to POL is straightforward for most users, with automatic upgrades on Polygon PoS and manual processes elsewhere. By following the steps outlined for your specific network, you can ensure a smooth transition and continue enjoying the full benefits of the Polygon ecosystem.
Remember to always use official platforms and verify contract addresses to protect your assets during the migration process.