Polymarket has announced the launch of Protocol V2, set for a full mainnet switchover on November 2. This upgrade replaces the outdated Gnosis CTF foundation and aims to streamline operations by consolidating various market types. The news comes from CryptoTwitter commentator @WuBlockchain, highlighting significant advancements in Polymarket’s infrastructure and capabilities.
Key Details
- Polymarket’s Protocol V2 replaces its 2019 Gnosis CTF foundation. The full mainnet switchover is scheduled for November 2. The upgrade features a single ERC-1155 position contract and uses pUSD as collateral. It supports a multi-oracle aggregator, including UMA and Chainlink. The system will undergo testing through canary markets from October 5 to 30. Protocol V2 is formally verified by Certora and heavily audited.
The Numbers
Currently, Polymarket is experiencing low trading activity with a 24-hour volume of $0, reflecting cautious sentiment as traders await the new protocol’s launch. The integration of cross-chain bridging and a modular design could potentially attract more users and increase liquidity once fully operational. The overall market context remains volatile, compelling traders to keep a close eye on upcoming developments.