"The overhaul, described by the company as a 'full exchange upgrade,' is expected to go live over the next several weeks and includes new smart contracts, an updated central limit order book (CLOB), and a proprietary collateral token called Polymarket USD."
"The shift away from bridged assets reflects a broader effort to reduce reliance on cross-chain infrastructure, which can introduce additional risks and inefficiencies."
"At the core of the upgrade is a redesigned matching engine and an improved order book architecture, intended to deliver faster execution, tighter spreads, and lower operational overhead."
Polymarket is set to implement a significant infrastructure upgrade, introducing a rebuilt trading system and a new native stablecoin, Polymarket USD. This upgrade aims to replace bridged collateral, streamline on-chain activities, and improve liquidity. The overhaul includes new smart contracts and an updated central limit order book. The shift to a natively controlled collateral token is designed to reduce reliance on cross-chain infrastructure, enhancing control over settlement and simplifying the trading experience. Most users will transition smoothly, while advanced traders may need to manually wrap their assets.
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