Cointime

Download App
iOS & Android

Polygon Advances Staking and Token Economics Reform Proposal, POL Staking Yields Expected to Double

On August 24, Sandeep Nailwal, co-founder of Polygon, announced that in response to strong community demand, the team is advancing the Polygon staking and token economics reform proposal and shared some preview content. The Polygon PoS plan will introduce a native staking mechanism similar to L1, running in parallel with Ethereum staking; priority fees generated from each transaction will be allocated to POL stakers, a mechanism previously approved in PIP-85. POL staking yields are expected to nearly double, with additional earnings primarily coming from actual network fees rather than token inflation. Staking POL will provide greater rewards to incentivize more users to stake POL, including gas fee discounts, and promote the use of liquid staking tokens (sPOL) in DeFi. Nailwal also stated that Polygon's revenue has grown tenfold this year, achieving 5000 TPS, reducing block time by 25%, and is working to reduce block time to under one second. Polygon Labs will be responsible for the related code development and will submit it for community forum approval.

Comments

All Comments

Recommended for you

  • Jack Ma Increases Stake, Buying Over HKD 600 Million in Alibaba's Hong Kong Stocks

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been continuously increasing his stake in Alibaba's Hong Kong stocks, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.
  • Jack Ma Increases Stake, Buys Over HKD 600 Million in Alibaba Shares

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been increasing his stake in Alibaba's Hong Kong shares for several consecutive days, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant fluctuations, so please ensure proper risk management.
  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.
  • BTC Drops Below $80,000

    Market data shows that BTC has dropped below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.
  • Hyperliquid Policy Center Urges US SEC and CFTC to Adopt Unified Perpetual Contract Framework

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that the two agencies have been striving to find answers regarding the classification of perpetual contracts over the past year. HPC believes that perpetual contracts for stocks, which possess traditional features of futures contracts, can be classified as securities futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of securities futures includes the established features of futures contracts, allowing cash-settled stock perpetual contracts with these features to be listed as securities futures. 2. Retain the flexibility that trading venues currently have in making product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the securities futures framework to revitalize the category and adapt to new product structures.
  • Hyperliquid Policy Center Urges Unified Perpetual Contract Framework from US SEC and CFTC

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that both agencies have been working over the past year to find answers regarding the classification of perpetual contracts. HPC believes that perpetual contracts for stocks, which possess traditional characteristics of futures contracts, can be classified as security futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of security futures includes the established characteristics of futures contracts, allowing cash-settled stock perpetual contracts with these characteristics to be listed as security futures. 2. Retain the flexibility that trading venues currently have in product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the security futures framework to revitalize the category and adapt to new product structures.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,059.99, with a 24-hour increase of 3.35%. The market is highly volatile, so please ensure proper risk management.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,059.99, with a 24-hour increase of 3.35%. The market is experiencing significant volatility, so please ensure proper risk management.