Polygon Labs

We help develop and grow Polygon, a protocol that offers blockchain infrastructure for global payments.

Polygon provides open-source protocols that bring together liquidity, scalability, and interoperability. We designed it as infrastructure for enterprises and institutions to move billions of assets instantly, focusing on speed, reliability, and low costs.

We built the Polygon protocol to scale money, allowing real-time blockchain transactions. It has processed over 5.3 billion transactions with 99.99% uptime and an average cost of $0.001 per transaction. Transactions settle in about 5 seconds, with 2-second blocktimes. The network supports over 117 million active addresses and a $3 billion stablecoin supply, handling up to 1000 transactions per second.

POL is our native gas and staking token, which secures the network and gives access to tens of thousands of applications. We also develop features like account abstraction to simplify user experience, supporting email logins, social recovery, and sponsored gas. We aim for internet-scale capabilities with a roadmap to support over 100,000 transactions per second. The Polygon network currently scales over 10,000 dApps and hosts more than 1 million deployed smart contracts.

We established the protocol as Matic Network in 2017. In February 2021, we rebranded to Polygon to reflect our expanded scaling and infrastructure solutions. Milestones include our mainnet launch; a merger with zk-rollup platform Hermez Network in August 2021; raising $450 million in venture financing in February 2022; committing to carbon neutrality in April 2022; and launching our zkEVM Testnet in October 2022. Polygon Labs was formally introduced as a company in January 2023, alongside the establishment of the Polygon Foundation.

We want to create a more sovereign, secure, and open internet by giving power and value back to users. We do this by building a network of open-source protocols that offer developers unified liquidity, unlimited scalability, and interoperability.

Our core beliefs:

• People deserve an equitable future: We are committed to building open-source protocols that empower individuals globally to create value.
• The community is our backbone: We are dedicated to supporting and investing in developers, partners, the community, and users to build a thriving ecosystem.
• Blockchain will change the world for good: We are committed to developing protocols, programs, and services that will speed up the mass adoption of blockchain technology.
• In Ethereum’s staying power: We are committed to helping Ethereum scale, believing it will remain a foundational layer for security and decentralization for developers.

We are a remote-first company with over 400 employees from more than 40 countries, working across over 15 time zones. Our work environment emphasizes async-first communication and a culture of trust and transparency.

We are tech-driven and offer opportunities to develop technology in the Web3 space. Our team consists of passionate individuals who collaborate across teams and time zones, valuing learning from one another. While we are primarily remote, in-person meet-ups are also part of our team environment.

We encourage non-linear workdays, allowing team members to manage their time and schedule for better work-life balance. We support employees’ professional and personal growth through informal team dynamics and formal check-ins with career development plans. Full-time employees receive unlimited Paid Time Off (PTO) for rest and exploration. We also observe quarterly global wellness days and acknowledge national and religious holidays of our diverse team members.

Our health and wellness benefits include country-specific health insurance, company-wide mental health support, and an annual book allowance program. Additionally, we reimburse one employee development program (such as a course or gym membership) per year. New full-time employees receive a laptop and a home office allowance to set up their remote workspaces.