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- Introducing POL - The Next Evolution of Polygon
Polygon2.0
Gm MouseRun family,
The POL Proposal is Here!
We have some exciting news for you today! The much-anticipated POL proposal has been revealed, and it is set to revolutionize the world of blockchain.
In this newsletter, we'll break down the key points of the proposal, So let's dive in!
POL: A 3rd Generation Native Asset
POL, short for Polygon 2.0, is being proposed as a cutting-edge 3rd generation native asset. It's designed to take the Polygon ecosystem to new heights, offering features that will set it apart from anything we've seen before.
Hyper-Productive Token for MultiChain Ecosystems
The most striking feature of POL is its hyper-productive nature. This means validators can validate multiple chains, bringing in more efficiency and scalability to the entire network. But that's not all! Chains can now offer multiple roles to validators, each with its corresponding rewards. These roles include:
Sequencer/Validators: Responsible for maintaining the integrity of the chain.
Aggregators for Interop Layer: Ensuring smooth interoperability between different chains.
Data Availability Cluster Operators: Making sure data is available and accessible across the network.
Decentralized Provers: Playing a vital role in validating proofs.
Powerful Governance Mechanism
POL will also be utilized for governance purposes. This means that token holders will have a say in the decision-making process for the future development of the ecosystem.
Emission Strategies for Sustainable Growth
To ensure long-term sustainability, the POL proposal suggests a thoughtful emission strategy. For the first ten years, 1% of emissions will be allocated to validators in the multichain ecosystem. After this initial period, the emission rate will gradually taper down to zero. But here's the interesting part: the community has the power to push back this tapering-down, preventing any potential security funding crisis similar to what Bitcoin has faced.
Additionally, 1% of the proposed emission will go towards the community growth fund. This fund will provide the Polygon ecosystem with the necessary resources to stay competitive against new infrastructure tokens that keep launching every year. By setting a cap on yearly growth spending, this approach ensures a level playing field for both established and emerging protocols.
POL: The Value Layer of the Internet
With these innovative building blocks, Polygon 2.0 aims to become the Value Layer of the Internet. Boasting infinite scalability and unified liquidity, powered by the fastest and most efficient ZK (Zero-Knowledge) technology, POL is set to take the blockchain world by storm.
Upgrade Your MATIC Tokens to POL
The best part is that if the community reaches a consensus and adopts the proposal, all MATIC holders will get their tokens upgraded to POL in a seamless 1:1 ratio.
Exciting times are ahead for the Polygon ecosystem as it evolves into its next iteration with the POL proposal. Let's keep an eye on how the community responds and eagerly await the dawn of Polygon 2.0!
Stay tuned for more updates
Thank you for reading
Mouse writer