The blockchain ecosystem continues to evolve, and one of the most anticipated upgrades in 2025 is the migration from Polygon (MATIC) to the new Polygon Ecosystem Token (POL). As part of this transition, Crypto.com has confirmed full support for the token swap across its Staking and Earn platforms. This move aligns with Polygon Labs’ broader vision for a more scalable, interoperable, and user-centric network under its Polygon 2.0 roadmap.
Starting 4 September 2024, Polygon will execute a technical upgrade that introduces POL as the new native token of its ecosystem. While MATIC will remain functional during the transition period, it will gradually be phased into a wrapper token for POL, simplifying the migration process for users, developers, and platforms alike.
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This article breaks down everything Crypto.com users need to know about the MATIC-to-POL migration—especially those participating in staking or earning rewards. From timelines to impacts on rewards and liquidity, we’ll cover it all in clear, actionable detail.
Understanding the MATIC to POL Migration
Polygon’s shift from MATIC to POL is not just a rebrand—it’s a strategic upgrade designed to enhance network performance, governance, and long-term sustainability. The new POL token will serve as the core utility and governance token across the expanded Polygon ecosystem, including zk-powered chains and interoperability layers.
Despite the transition, MATIC and POL will coexist during the migration phase. MATIC will function as a wrapped version of POL, ensuring backward compatibility and minimizing friction for existing users. This dual-token model reduces the burden on stakers, dApp developers, and exchanges during the switchover.
For users on centralized platforms like Crypto.com, the migration is designed to be seamless. No manual action is required to convert staked or allocated tokens—they will be automatically upgraded at a 1:1 ratio.
Key Dates and Timeline for Crypto.com Users
To ensure a smooth transition, Crypto.com has outlined specific time windows when certain functions will be temporarily paused. Being aware of these dates helps users manage their assets effectively.
Pre-Migration Period
- Start Date: 30 August 2024, 00:00 UTC
- End Date: 6 September 2024, 04:00 UTC
- Impact: During this Migration Period, users cannot stake or unstake MATIC.
🔔 Important: If you anticipate needing access to your MATIC holdings, make sure to unstake before 30 August 2024. Once the migration window begins, unstaking will be disabled until after the transition completes.
Other staking products on Crypto.com are unaffected—only MATIC-related actions are paused.
Migration Day: 4 September 2024
On this date, two key events occur:
- Staking Migration: Staked MATIC balances will be converted to staked POL at a 1:1 ratio.
- Earn Product Suspension: Between 01:00 UTC and 03:00 UTC, all MATIC allocations and withdrawals in Crypto Earn will be suspended.
After the suspension ends:
- Your MATIC Earn allocations will be converted to POL.
- You’ll regain full access to allocate or withdraw POL.
- Rewards continue accruing throughout the process.
What Happens to Staking Rewards?
One of the top concerns for stakers is whether they’ll continue earning during the migration. The good news is: yes, with some nuances.
During the Migration Period
- A final MATIC reward distribution will be sent to users’ wallets before full conversion.
- Your staked balance—whether still in MATIC or converted to POL—will keep generating rewards based on the underlying network activity.
After Migration Completion
- All future rewards will be paid in POL, reflecting the new token standard.
- Accrued POL rewards from on-chain activity during and after migration will be distributed directly to your Crypto.com Wallet.
There is no loss of yield or downtime in reward generation. The platform ensures continuity so users don’t miss out due to technical transitions.
How Does This Affect Crypto Earn Users?
For those using Crypto Earn to grow their holdings through flexible or fixed-term deposits, here’s what changes:
| Action | Timing | Status |
|---|---|---|
| MATIC Allocation/Withdrawal | 4 Sept 01:00–03:00 UTC | Temporarily suspended |
| Final Reward Payout | 4 Sept | In MATIC |
| POL Allocation Enabled | After 4 Sept, 03:00 UTC | Available |
Your existing MATIC allocations will convert automatically. No action is needed. Once POL functionality resumes, you can manage your positions as usual.
Other tokens available in Crypto Earn remain fully operational throughout the migration window.
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Frequently Asked Questions (FAQ)
Q: Do I need to do anything to convert my staked MATIC to POL?
A: No. Crypto.com will handle the entire conversion automatically at a 1:1 ratio. Just ensure you unstake before 30 August if you need liquidity during the migration window.
Q: Will my rewards stop during the migration?
A: No. Rewards continue to accrue both before and after the migration. The last payout in MATIC will occur on 4 September, followed by ongoing POL-based distributions.
Q: Can I still trade MATIC and POL on Crypto.com?
A: Yes. Trading, deposit, and withdrawal functions for both MATIC and POL will remain active unless otherwise announced. This migration only affects Staking and Earn products.
Q: Is POL replacing MATIC completely?
A: Eventually, yes. POL is designed to become the primary token of the Polygon ecosystem. However, MATIC will persist as a wrapped version of POL to ease adoption and maintain compatibility.
Q: What happens if I try to stake MATIC during the migration blackout period?
A: The system will prevent any staking or unstaking actions between 30 August and 6 September. Attempted transactions will not go through, so plan accordingly.
Q: Where can I find official updates about the migration?
A: Stay informed via Polygon’s official blog and Crypto.com’s support announcements.
Looking Ahead: The Future of Polygon and Token Evolution
This migration marks a pivotal moment in Polygon’s journey toward becoming a leader in Ethereum scaling and zero-knowledge technology. With POL at its core, the ecosystem aims to unify multiple chains under a single economic layer, improving capital efficiency and cross-chain coordination.
For users, this means better incentives, stronger governance participation, and more sophisticated DeFi integrations down the line.
Platforms like Crypto.com supporting this transition reflect growing industry confidence in Polygon’s long-term roadmap. As blockchain networks mature, such upgrades will become more common—making user education and platform responsiveness critical.
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Final Thoughts
The shift from MATIC to POL is more than a token swap—it’s a foundational upgrade for one of Ethereum’s most widely used Layer 2 solutions. Thanks to Crypto.com’s proactive support, users can expect a hassle-free experience with no manual steps required for staking or earning products.
By understanding the timeline, preparing for temporary service pauses, and knowing how rewards are handled, you can navigate this change confidently.
As always, keep an eye on official channels for last-minute updates—and remember: in the fast-moving world of crypto, staying informed is your greatest asset.
Core Keywords: Polygon (MATIC), Polygon Ecosystem Token (POL), Crypto.com Staking, token migration, staking rewards, Crypto Earn, blockchain upgrade, Polygon 2.0