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June 28, 2023
Polymesh News

Last chance to upgrade POLY to POLYX!

The POLY to POLYX Upgrade Bridge is intended to close on January 31, 2024. Users wishing to upgrade POLY on Ethereum to POLYX on Polymesh must do so before then.

After more than two years in operation and on the sixth anniversary of the original launch of POLY, the Polymesh Association intends to close the POLY to POLYX Upgrade Bridge on January 31, 2024.

To date, over 721M POLY (almost 75% 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. 

To use the POLY to POLYX Upgrade Bridge, visit polybridge.polymesh.network.

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