Polygon has proposed a new fee model to address the situation of tokens falling by more than 60% in a year and increased competition.

PANews reported on March 27th that, according to Cryptopolitan, Ethereum Layer 2 network Polygon has proposed a new fee model, PIP-85, aimed at reversing the over 60% drop in its native token POL's price over the past year and addressing competition from Base and Arbitrum. The proposal would redistribute 50% of priority fee revenue to network validators and delegators, and adjust validator reward distribution from being based on staking size to being based on contribution performance. Of the remaining validator pool, 75% would be allocated based on contribution rather than staking size, while 25% would remain allocated according to existing staking weights. The authors stated in the proposal that implementing this proposal requires no direct on-chain changes.