# Polygon Co-Founder Mihailo Bjelic Steps Down from Project

*Author: Bankless*
*Published: May 24, 2025*
*Source: https://www.bankless.com/de/read/polygon-co-founder-mihailo-bjelic-steps-down-from-project*

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Polygon co-founder Mihailo Bjelic has [announced](https://x.com/MihailoBjelic/status/1925955088272572765) he is stepping back from his active role at Polygon and the foundation's board, marking the third departure among founding members. This comes as Polygon navigates a crucial period of its 2.0 roadmap, aimed at expanding the utility of its native token, POL. The announcement has coincided with a 3.7% drop in the POL token price.

## **What’s the Scoop?**
- **Founder Exit**: Mihailo Bjelic has stepped back from his active role in Polygon development and the foundation's board.
- **Polygon's 2.0 Roadmap**: In 2024, Polygon initiated a major token migration, exchanging MATIC for POL to expand the token’s utility across gas fees, staking, and more.
- **Market Impact**: Following the announcement, POL experienced a 3.7% drop in price, reaching $0.24.
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