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CoinVoice has learned that 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 as dPOL at a 1:1 ratio. This move aims to improve wallet visibility and expand the utility of staked POL.
dPOL has full ERC-20 functionality, which simplifies the creation of POL liquidity staking tokens (LSTs) and enhances DeFi composability. Users who have staked POL will see these tokens in their wallets, which may be displayed as dPOL, dPOL1, or dPOLa4 depending on the wallet.