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

Polymarket announced the largest technical infrastructure upgrade since its launch, with changes spanning smart contracts, order book, and collateral token. The process will unfold over the next two to three weeks and will involve a maintenance period that will temporarily close existing order books.

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

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

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

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

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