One of Polygon’s co-founders, Jaynti Kanani, has chosen to step back from his active role in the company. Making the announcement on X, he shared that he made the decision to step away from the day-to-day responsibilities about six months ago.
“After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind. I’m more confident in Polygon’s bright future and passionate community. I’ll be focusing on new adventures while still cheering and contributing to Polygon from the sidelines,” Kanani wrote on X.
The departure follows a similar move by another co-founder, Anurag Arjun, who left earlier this year to launch the modular blockchain project Avail.
Polygon, with a total of 10 co-founders according to its website, is actively progressing towards Polygon 2.0, aiming to create an interconnected network of Layer 2 chains powered by zero-knowledge proofs.
In a separate development, POL contracts went live on Goerli Testnet on Wednesday.
“Three weeks ago, a Polygon Improvement Proposal (PIP) detailing the specifications for POL, the upgraded token of the Polygon 2.0 architecture, was released. Today, POL contracts have been deployed on Goerli testnet and two proposals setting forth potential changes to the native token burning mechanism necessary for future upgrades are live,” Polygon said in a statement.
POL is the next-generation to MATIC, upgrading to accommodate an ecosystem of zero knowledge-based Layer 2 chains by enabling staking, community ownership, and governance. PIP-17 describes POL along with accompanying contracts that would handle emission and token migration.
