Major Polymarket Overhaul Begins, Introducing Rebuilt Trading Stack and Fresh Collateral Token

Polymarket upgrade
Table of Contents

PolymarketĀ announced the largest technical infrastructure upgradeĀ since its launch, with changes spanningĀ smart contracts, order book, and collateral token. The process will unfold over the nextĀ two to three weeksĀ and will involve a maintenance period that will temporarily close existing order books.

At the core of the upgrade is theĀ CTF Exchange V2,Ā a new version of the contract thatĀ optimizes order structure, improves the matching process, incorporates support for EIP-1271 signatures, and redefines fee collection and distribution.

Alongside this, the platform will launchĀ Polymarket USD as a collateral token, backed 1:1 by USDCĀ and designed to replace the previous USDC.e. For most users, the transition will be seamless, asĀ the frontend handles the process automatically, requiring only a single approval. Traders operating via APIĀ will need to manually wrap their funds using the wrap() function of the onramp contract.

The upgrade also includesĀ a new CLOB-Client SDK with support for TypeScript, Python, and Go. Clients running bots or custom integrationsĀ will need to update their SDK version and re-sign their ordersĀ with the new data structure. Polymarket confirmed it willĀ communicate the exact migration date at least one week in advance, along with technical documentation and code examples to facilitate the transition.

Source:Ā https://x.com/PolymarketDevs/status/2041178623948808693


Disclaimer:Ā Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

RELATED POSTS

Ads

Follow us on Social Networks

Crypto Tutorials

Crypto Reviews