According to Polygon's official migration plan, the MATIC token will be upgraded to POL. OKX will fully support this token migration with the following schedule:
Deposit and Withdrawal Schedule
Polygon PoS Network:
- MATIC deposits/withdrawals suspended: August 30, 2024 (3:00 am UTC)
- POL deposits open: September 9, 2024 (1:00 pm UTC)
ERC20 Mainnet:
- MATIC deposits/withdrawals suspended: September 9, 2024 (9:00 am UTC)
- POL deposits open: September 3, 2024 (2:00 am UTC)
- POL withdrawals open: September 4, 2024 (2:00 pm UTC)
Trading Updates
Spot Trading
- POL/USDT listing: September 4, 2024 (call auction 12:00–1:00 pm UTC, trading opens at 1:00 pm UTC)
- POL/USDC listing: September 4, 2024 (2:00 pm UTC)
MATIC delisting: September 7, 2024 (11:00 am UTC)
- Affected pairs: MATIC/USDT, MATIC/USDC, MATIC/EUR
- 👉 Track real-time POL trading updates
Margin Trading
- MATIC borrowing ends: August 29, 2024 (3:00 am UTC)
- Margin trading suspension: September 3, 2024 (8:00–11:00 am UTC)
- MATIC collateral discount adjusted to 0% on September 3, 2024
| Asset | Previous Discount Tier (USD) | New Discount Rate |
|---|---|---|
| MATIC | 0–1,000,000 | 0% |
| 1M–2M | Previously 75% | |
| >4M | Previously 0% |
Perpetual Futures
- MATICUSDT futures delisted: September 4, 2024 (8:00 am UTC)
- Positions settled via index price average (7:00–8:00 am UTC)
Token Migration Process
On-Chain Earn:
- MATIC staking paused September 4, 2024
- Auto-conversion to POL completes by September 7, 2024
Snapshot & Conversion:
- Funding account snapshot: September 9, 2024 (10:00 am UTC)
- 1 MATIC = 1 POL (sub-account holdings merge to main account)
- Holdings <1 MATIC excluded
Timeline:
- Migration takes 1–3 days (asset valuations temporarily unavailable)
FAQ
When will POL trading start on OKX?
POL/USDT spot trading begins September 4, 2024 (1:00 pm UTC). 👉 Explore POL trading pairs
What happens to open MATIC orders?
All MATIC orders cancel automatically by September 7, 2024 (8:00 am UTC). Manage positions beforehand.
Will staking rewards continue during migration?
Yes, earnings accrue normally and distribute post-migration.
Risk Disclosure: Digital assets involve high volatility. Conduct independent research before trading. OKX assumes no liability for investment losses. For assistance, contact OKX Support.
Last updated: August 29, 2024
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