Polymarket exchange upgrade overhaul amid platform changes

Polymarket is on the brink of rebuild the core of its trade, a shift the group says would be the most vital change within the platform’s historical past. The upgrade will roll out over the following few weeks and quietly substitute the equipment beneath the app with out altering the way it seems to be to customers.

Evaluate it to swapping out a automobile engine whereas protecting the identical exterior. On the floor, the expertise ought to really feel acquainted, however beneath, practically the whole lot is being reworked.

“Our Greatest Change to Date: CTF + CLOB v2,” the builders wrote in a public replace, outlining what they known as an improve of “your complete Polymarket trade stack.”

The brand new system, often known as CTF + CLOB v2, introduces recent contracts, a redesigned order e-book, and a distinct collateral construction. In the course of the transition, buying and selling will briefly pause whereas techniques are migrated over a two- to three-week window.

Polymarket overhaul contains buying and selling trade improve geared toward velocity and adaptability

CTF Alternate V2 replaces the present trade contract with a extra streamlined model. The redesign is claimed to deal with making order dealing with cleaner and quicker, with modifications that simplify how trades are structured and executed.

It “optimizes and simplifies the Order struct,” whereas additionally enhancing how orders are matched. The replace provides assist for “1271 signatures” and introduces “builder codes for onchain order attribution.” It additionally contains “optimized payment assortment and distribution.”

The modifications are considered related for builders working automated methods or constructing instruments on prime of Polymarket. The expectation is that bots and integrations will run extra easily, with fewer inefficiencies in how trades are processed.

A part of the transition is a brand new collateral token known as Polymarket USD, which replaces USDC.e. The group says the token is “backed 1:1 by USDC,” protecting its worth steady whereas permitting tighter integration with the brand new system.