Polygon Foundation CEO Sandeep Nailwal said a contract to burn 100 million POL, or about 1% of total supply, is ready and can be executed by any member of the community. According to Foresight News, he said the community could carry out a burn once every quarter in the future.

Nailwal also said POL has been in a deflationary state since the start of this year. He previously said 100 million POL were ready to be permanently burned, with the related contract deployed on testnet and set to go live on mainnet after final approval from the security committee.