The upcoming transition from Polygon’s MATIC token to its new POL token marks a significant milestone in the evolution of one of the most widely adopted Layer 2 scaling solutions for Ethereum. As the migration date approaches, users need clear, accurate, and actionable information to navigate this change seamlessly. This guide outlines everything you need to know about the MATIC to POL swap, including timelines, supported networks, trading adjustments, and how to prepare — all optimized for clarity, SEO, and user engagement.
Whether you're holding MATIC in your wallet, trading on exchanges, or participating in staking and lending, understanding the implications of this upgrade is crucial. Below, we break down the process step by step, using structured headings, natural keyword integration, and timely FAQs to ensure maximum readability and search visibility.
🔄 What Is the MATIC to POL Token Migration?
Polygon (formerly Matic Network) is upgrading its ecosystem with a new governance and utility token: POL. This migration replaces the existing MATIC token across all platforms, including exchanges like OKX. The shift is part of Polygon’s broader vision to enhance scalability, security, and community-driven governance.
While the swap occurs at a 1:1 ratio, it's not automatic on all platforms. Exchanges will manage the conversion through coordinated snapshots and system updates. During this transition, certain services such as deposits, withdrawals, and trading pairs will be temporarily paused.
⏰ Key Dates & Timeline for the MATIC to POL Swap
Staying informed about critical deadlines ensures your assets remain accessible and secure during the migration. Here are the essential dates every user should mark:
Deposit & Withdrawal Schedule
- MATIC-Polygon network deposits and withdrawals: Suspended on August 30, 2024, at 11:00 AM UTC+8
- MATIC-ERC20 network deposits and withdrawals: Paused on September 9, 2024, at 5:00 PM UTC+8
- POL-ERC20 deposits open: September 3, 2024, at 10:00 AM UTC+8
- POL-ERC20 withdrawals open: September 4, 2024, at 10:00 PM UTC+8
- POL-Polygon network deposits open: September 9, 2024, at 9:00 PM UTC+8
- POL-Polygon withdrawals: Launch time TBA
⚠️ Note: After the migration, MATIC will no longer be supported on these networks.
Trading & Market Adjustments
POL/USDT spot trading begins:
- Auction starts: September 4, 2024, at 8:00 PM UTC+8
- Market opens: September 4, 2024, at 9:00 PM UTC+8
- POL/USDC spot trading live: September 4, 2024, at 10:00 PM UTC+8
MATIC trading pairs delisted:
- MATIC/USDT, MATIC/USDC, MATIC/EUR removed on September 7, 2024, at 7:00 PM UTC+8
- All open orders will be automatically canceled if not withdrawn by this time
Additionally:
- Price precision for MATIC/USDT will be adjusted before delisting (quantity precision → 0.00001; price precision → 0.0000001)
- No further notice will be issued for these changes
🔧 Impact on Different Trading Services
Spot Trading
With POL now tradable against major stablecoins like USDT and USDC, users gain early access to liquidity post-migration. However, all MATIC spot pairs will cease operations by September 7. Ensure you close or withdraw positions ahead of this deadline.
👉 Start trading POL/USDT as soon as markets open with low-latency execution and deep liquidity.
Leveraged Products
Borrowing & Lending
- MATIC borrowing disabled: August 29, 2024, at 11:00 AM UTC+8
Leveraged trading and flexible lending paused:
- From September 3, 2024, 4:00 PM to 7:00 PM UTC+8
- All outstanding loans must be repaid before 4:00 PM UTC+8 on September 3
- Failure to repay will trigger automatic repayment
Discount Rate Adjustment
As of September 3, 4:00 PM UTC+8, MATIC will no longer offer borrowing discounts:
| Tier (USD Value) | Previous Discount | New Discount |
|---|---|---|
| $0 – $1M | 80% | 0% |
| $1M – $2M | 75% | — |
| $2M – $4M | 50% | — |
| >$4M | 0% | — |
This change reflects the token’s phase-out from financial products.
Perpetual Contracts
- MATICUSDT perpetual contract delisted: September 4, 2024, at 4:00 PM UTC+8
- All open orders canceled at delisting
- Final settlement price based on arithmetic average of OKX index from 3:00 PM to 4:00 PM UTC+8
- No funding fee charged for the final period
- No additional fees applied during settlement
Users with positions valued over $10,000 at settlement will face a 30-minute asset transfer restriction
Risk Warning: Due to potential volatility before delisting, consider reducing leverage or closing positions early. In case of liquidation losses exceeding risk reserves, auto-deleveraging (ADL) may affect profitable traders.
Other Services
- Quick Buy/Sell & Instant Exchange: MATIC support ends after September 7, 4:00 PM UTC+8
- Allow sufficient time for order execution to avoid failures
💼 How Will the Token Swap Work?
The migration ensures all eligible MATIC holders receive an equivalent amount of POL. Here’s what happens behind the scenes:
Staking (Earn Products)
- MATIC staking subscriptions and redemptions paused starting September 4
- Existing staked assets automatically converted to POL
- Conversion expected to complete by September 7
- Rewards continue accruing during migration and are distributed afterward
- POL staking reopens post-conversion
Account Snapshot & Conversion
- Snapshot taken on September 9, 6:00 PM UTC+8
- Only funds in main accounts are included (sub-account balances moved to main)
- Platform consolidates assets from trading accounts into funding accounts
- Minimum threshold: 1 MATIC required for inclusion
- Tokens in transit (pending withdrawals) are excluded
Swap Execution
- Conversion ratio: 1 MATIC = 1 POL
- Process duration: Estimated 1–3 days
- During conversion, MATIC balance will show as unvalued
- Upon completion, all MATIC balances disappear and are replaced with POL
❓ Frequently Asked Questions (FAQ)
Q: Do I need to manually swap my MATIC to POL?
A: No. If your tokens are held on a supported exchange like OKX, the platform handles the conversion automatically after the snapshot.
Q: Will my staked MATIC be converted too?
A: Yes. Staked MATIC in earn products will be migrated to POL automatically. You don’t need to unstake beforehand.
Q: What happens if I try to deposit MATIC after the cutoff date?
A: Deposits made after suspension may result in permanent loss of funds. Always verify network support before sending any tokens.
Q: Can I still trade MATIC after September 7?
A: No. All MATIC spot pairs will be delisted by September 7, 7:00 PM UTC+8. After that, only POL trading will be available.
Q: Why is the Polygon network upgrading from MATIC to POL?
A: The rebrand supports Polygon’s expanded ecosystem roadmap, including improved governance, interoperability features, and long-term sustainability.
Q: Where will my POL tokens appear after the swap?
A: POL will be credited directly to your main funding account. Sub-account holdings are consolidated before distribution.
🔍 Core Keywords Integrated Naturally
This guide incorporates key search terms users are actively querying in 2025:
- MATIC to POL swap
- Polygon token migration
- MATIC delisting date
- POL token launch
- convert MATIC to POL
- Polygon upgrade 2025
- OKX MATIC support
- ERC20 token swap
These phrases are embedded contextually throughout headings and body text to align with real user intent while avoiding keyword stuffing.
✅ Final Notes & Recommendations
The transition from MATIC to POL represents more than a simple rebrand — it's a strategic evolution of Polygon’s ecosystem. As an investor or trader, staying ahead of such changes minimizes risk and maximizes opportunity.
Ensure you:
- Withdraw any open orders before delisting
- Repay leveraged loans before September 3
- Avoid depositing MATIC after network suspensions
- Monitor official announcements for last-minute updates
By preparing early and understanding each phase of the migration, you can navigate this upgrade smoothly and continue building within the next generation of Ethereum scaling solutions.