The POLY to POLYX Upgrade Bridge is intended to close on February 29, 2024. Users wishing to upgrade POLY on Ethereum to POLYX on Polymesh must do so before then.
Update: The POLY to POLYX Upgrade Bridge is now closed as of February 29, 2024.
The POLY to POLYX Upgrade Bridge is intended to close on February 29, 2024.
As of January 31, 2024, over 885M POLY (approximately 88.5% of the original supply) has been upgraded to POLYX in support of Polymesh. As the majority of POLY has been bridged to POLYX, and maintaining the Upgrade Bridge requires resources, the decision has been made to close the Upgrade Bridge. This marks a step in the development of Polymesh as it signifies confidence in the unique utility of POLYX to fuel the Polymesh ecosystem.
The POLY to POLYX Upgrade Bridge will close by removing the bridge module, meaning this change is intended to be permanent. POLY holders who do not utilize the POLY to POLYX Upgrade Bridge by the closing date will miss the opportunity to upgrade their tokens forever.
If you wait until February 29th, you may not be successful. The customer due diligence process can take up to a few days, and a last minute surge in applications may affect your ability to use the bridge before closing. Get started at onboarding.polymesh.network.
To use the POLY to POLYX Upgrade Bridge, visit polybridge.polymesh.network.
This blog post was first published on June 28, 2023.