Demex Daily #200: Polygon Set for Major MATIC to POL Token Upgrade on September 4th

What’s Interesting Today:

Polygon Foundation has announced a significant upgrade with the transition from MATIC to POL token, set for September 4th. Initially, POL will replace MATIC as the native gas and staking token on Polygon's Proof of Stake (PoS) platform. In later stages, POL will play a crucial role in the AggLayer, aiming to enhance security and unify liquidity across multiple blockchain networks. The upgrade, already tested on a testnet since July 17th, will require specific actions from holders of MATIC on various platforms and configurations, though no action is needed for MATIC holders on Polygon PoS. Detailed guidance for different holder scenarios is available on Polygon's blog. This upgrade supports Polygon's vision of becoming a leading aggregated blockchain network.

Chainlink has introduced the Digital Asset Sandbox (DAS), a comprehensive solution designed to facilitate rapid innovation and proof-of-concept development within the capital markets sector. The DAS, powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP), enables financial institutions to quickly trial and implement tokenized asset workflows, particularly for bonds. This platform allows for secure, cross-chain transactions and integrates with both private and public blockchains, providing a range of pre-built workflows covering the entire life cycle of financial instruments. Chainlink DAS aims to significantly reduce the time and complexity typically associated with developing and testing new digital asset strategies, moving from months to days. This service is supported by expert consultancy from Chainlink Labs, promising a turnkey solution for institutions eager to explore and capitalize on the tokenization of assets.