On August 28, Polygon founder Sandeep Nailwal announced a huge upgrade, introducing a new token called POL. Nailwal establishes in his tweet that “POL is a massive technical upgrade to MATIC.” According to Nailwal, POL will eliminate risks associated with restaking while offering the same benefits of multi-chain staking. POL aligns with Polygon’s expansion plans of transforming into an ecosystem of L2s, sharing liquidity among each other instead of staying in a single chain.