TokenInsight news, the merger of Polygon and Ether Layer2 Hermez has officially entered the Token Merger phase. Hermez has officially launched an exchange function with a specific exchange ratio of 1 $HEZ = 3.5 $MATIC. Users need to transfer $HEZ tokens from Polygon or centralized exchanges to the MetaMask wallet address on the mainnet for exchange.
Hermez, a Layer2 protocol with a focus on payments, was previously acquired by Polygon for $250 million. Then it was announced that the two would merge.