Polkadot officially launched the 2 elastic expansion through the 1721 referendum

according to Polkadot World, the Polkadot (DOT) referendum 1721 has passed, marking the official entry of the project into Phase 2.

This upgrade cancels the parachain slot auctions, initiates elastic scaling, lowers the entry barriers for developers, and plans to be compatible with the EVM environment, enhance liquidity, and reduce high staking rewards. The annual inflation rate of DOT is expected to drop to 3.1% by 2026. The Polkadot Hub and related liquidity plans are expected to launch in 2026.