Polygon Implemented London Hardfork - Deflationary MATIC

in LeoFinance3 years ago

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As of today at 3:00 AM UTC (or block height 23850000), Polygon implemented the London Hardfork. If you remember, last year in August, Ethereum made a big fuss about it, and for good reasons, it paves the way towards Ethereum becoming PoS chain and it also made ETH a deflationary token.

The so-called EIP-1559, which implements the London Hardfork, doesn't make fees lower (as we all expected back in August) but it allows users to better estimate the fees, as Polygon team also noted in the blog post related to this:

EIP-1559 changes do not lower the fees paid for transactions, since gas prices are determined by supply and demand. They do allow users to better estimate costs since the base fee is the minimum price for inclusion in the next block. This will result in fewer users overpaying.

With that being said, I wonder what's happening with the MATIC version of LEO? You know, the one that was supposed to come after snapshotting CUB holders for 60 days? Anyone?

Image source: Polygon blog

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Interesting news from the Polygon network. Unfortunately, I haven’t heard anything about the LEO version from MATIC, I haven’t heard anything about the snapshot of CUB token holders either, maybe there are links for a review? In the Polygon blog also did not find any information in the blog.