According to Polygon's official upgrade plan, MATIC tokens will undergo migration to POL tokens as part of the network's evolution. OKX exchange will facilitate this transition with structured timelines for deposits, withdrawals, trading adjustments, and automated token conversion.
Key Dates for MATIC to POL Migration
1. Deposit and Withdrawal Schedule
Polygon PoS Network
- MATIC deposits/withdrawals suspended: 3:00 am UTC, August 30, 2024
- POL deposits open: 1:00 pm UTC, September 4, 2024
ERC20 Mainnet
- MATIC deposits/withdrawals suspended: 9:00 pm UTC, September 9, 2024
- POL deposits open: 2:00 am UTC, September 3, 2024
- POL withdrawals open: 2:00 pm UTC, September 4, 2024
👉 Track real-time updates on POL migration
2. Trading Adjustments
Spot Trading
- New pairs: POL/USDT, POL/USDC (live from 1:00 pm UTC, September 4, 2024)
- Delisted pairs: MATIC/USDT, MATIC/USDC, MATIC/EUR (orders canceled after 8:00 am UTC, September 7, 2024)
⚠️ Trading bots for delisted pairs will auto-terminate. Positions will settle at market price.
Margin Trading
- MATIC borrowing disabled: 3:00 am UTC, August 29, 2024
- Margin trading suspended: 8:00–9:00 am UTC, September 3, 2024
- Loan settlements due by 8:00 am UTC, September 3, 2024
Perpetual Futures
- MATICUSDT futures delisted: 8:00 am UTC, September 9, 2024
- Positions delivered at OKX index price (7:00–8:00 am UTC snapshot).
3. Token Migration Process
- On-Chain Earn: MATIC staking paused from September 4; auto-converted to POL by September 7. Rewards distributed post-migration.
- Snapshot Conversion: At 10:00 am UTC, September 9, MATIC holdings in funding accounts convert 1:1 to POL.
| Exclusions | Details |
|--------------------------|----------------------------------|
| Pending withdrawals | Not included in snapshot |
| Sub-account holdings | Migrated to main account later |
| Balances < 1 MATIC | Excluded from conversion |
FAQs
Q1: Will POL replace MATIC entirely?
Yes, POL is Polygon’s upgraded token standard, replacing MATIC post-migration.
Q2: Can I trade MATIC after delisting?
No. MATIC pairs will be removed; only POL trading will be available.
Q3: How are margin loans handled during migration?
Settle loans before September 3 to avoid forced repayment.
Q4: What happens to my MATIC staking rewards?
Earnings accrue during migration and distribute post-conversion.
Q5: Is there a deadline to withdraw MATIC?
Yes. Refer to the schedule above.
For further assistance:
👉 Contact OKX support
Disclaimer: Digital assets involve risks. OKX does not guarantee outcomes. Review terms and assess risk tolerance before trading.
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