Polygon (MATIC) becomes Polygon (POL)
Polygon (MATIC) will soon be known as Polygon (POL). What does this mean for you as a BLOX user? We've detailed it for you below:
What does this mean for you?
BLOX will automatically change the abbreviation from MATIC to POL. Do you own Polygon (MATIC)? All balances in MATIC will be transferred to POL. You don't need to do anything! BLOX does this automatically for you. The transition will proceed as follows:
Last updated: September 5, 2024, 09:12
5 September
Polygon (MATIC) has been successfully converted to Polygon (POL) and is available for trade again! Did you have POL in your vault? Then these have been converted to POL credits and are visible in your vault.
September 4
In the early afternoon of September 4, Polygon (MATIC) is expected to be converted to Polygon (POL). Did you have MATIC in your vault? From that moment on, they will be converted to POL balances and available for purchase, sale, and staking. As compensation for the missed staking days, we will double your reward. Once POL is available in the app, we will double your return from 1% to 2% until Sunday, September 8. You will receive this payment on Monday, September 9.
September 3
On September 3 at 22:00, trading of Polygon (MATIC) will be temporarily disabled.
September 1
Do you have staking enabled for MATIC? From Sunday evening, September 1, at 22:00, until the migration has finished, staking rewards will not be build up. The accumulated rewards will be paid out the next morning as usual. Once the migration from MATIC to POL is successful, you will automatically build up staking rewards for POL again.