Polymarket will upgrade its trading system and launch its native stablecoin, Polymarket USD

Gate News message, April 7, the prediction market platform Polymarket will carry out major upgrades to its trading system within the next few weeks. The core content includes launching Polymarket CTF Exchange V2, introducing a native stablecoin Polymarket USD, and optimizing the order book structure. The V2 version will rebuild the trading engine, optimize matching efficiency, reduce the operations required for order validation and matching, and lower Gas costs. The new order data structure will streamline the number of fields, improving overall execution efficiency. At the same time, V2 will introduce an upgraded central limit order book (CLOB), combining an off-chain order book with an on-chain execution mechanism. On the asset layer, Polymarket will launch Polymarket USD supported 1:1 by USDC, gradually replacing the cross-chain asset USDC.e currently in use. In addition, the platform will support the EIP-1271 standard, enabling smart contract wallets (such as multi-signature wallets) to participate directly in trading. During the upgrade period, the existing order book will be cleared and will briefly enter a maintenance window.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

USDC Hits $30T Transaction Volume, Becomes Institutional Standard

Stablecoin transaction volume has exceeded $30 trillion annually, with USDC emerging as the preferred choice for institutions, accounting for 55% of the market's activity. While the total stablecoin market capitalization remains around $315–$320 billion, the surge in transaction volume is largely

CryptoFrontier18h ago

Whale Deposits 4.497M USDC to HyperLiquid, Opens 750.3 BTC Long Position with 10x Leverage

According to Onchain Lens, on April 30, a whale deposited 4.497 million USDC to HyperLiquid and opened a 750.3 BTC long position with 10x leverage, valued at $57 million.

GateNews20h ago

Meta pilots stablecoin payments: Restarting creator rewards with USDC after four years, a new narrative born from the Libra lesson

On April 29, Meta announced that it is rolling out USDC stablecoin payments for creators in Colombia and the Philippines, with Stripe providing infrastructure support. This marks its first return to the crypto payments space since the failure of its Libra project four years ago.

GateInstantTrends21h ago

Whale Deposits 11.94M USDC to Hyperliquid, Increases WTI Crude Oil Long Position to 383K Contracts

According to Lookonchain, a whale deposited 11.94 million USDC to Hyperliquid and increased its WTI crude oil (West Texas Intermediate crude oil) long position. The address now holds 383,000 WTI crude oil long contracts worth 41.49 million

GateNews22h ago

Vitalik Offloads Meme Tokens for 114,566 USDC and 155 ETH in 24 Hours

According to Lookonchain monitoring, Ethereum founder Vitalik (@VitalikButerin) sold meme tokens he received for free over the past 24 hours, generating 114,566 USDC and 155 ETH, totaling approximately $355,000.

GateNews04-30 04:33
Comment
0/400
No comments