According to a ChainCatcher report, the Polygon Foundation posted on the X platform that the PIP-69 proposal has officially gone live. Through this proposal, validator share tokens are now displayed at a 1:1 ratio as dPOL. This move aims to improve wallet visibility and expand the utility of staked POL. dPOL supports full ERC-20 functionality, simplifying the creation of POL liquid staking tokens (LSTs) and enhancing DeFi composability. Users who have staked POL will see these tokens in their wallets, which may appear as dPOL, dPOL1, or dPOLa4 depending on the wallet.
Polygon Foundation Launches PIP-69 Proposal, Validator Shares Displayed as dPOL at 1:1 Ratio
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Summary
Polygon Foundation announced the live launch of PIP-69, an on-chain news update that introduces validator share tokens displayed as dPOL at a 1:1 ratio. This move aims to enhance wallet visibility and improve the utility of staked POL. dPOL supports full ERC-20 functionality, enabling easier creation of POL liquidity staking tokens and enhancing DeFi composability. Staked POL tokens may appear as dPOL, dPOL1, or dPOLa4 depending on the wallet.
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