WuBlockchain
Polymarket Head of Protocol Rajath Alex announced Protocol V2, a redesign that replaces the platform’s 2019 Gnosis CTF foundation. The system centers on a single ERC-1155 position contract, pUSD collateral, and a consolidated exchange and router across market types.
Why it matters
The modular architecture is designed to support binary, neg-risk, and combinatorial markets, with a multi-oracle aggregator supporting UMA and Chainlink. It also includes cross-chain bridging, bringing several core functions into one protocol design.
Market impact
Polymarket plans to test canary markets from October 5 to 30 before a full mainnet switchover targeted for November 2. The launch is also planned to coincide with a new Rust-based Data API V2.
Certora formally verified the protocol, which has also undergone extensive audits and is backed by a $5 million bug bounty. The staged testing and security measures will be key ahead of the planned migration.
Frequently asked questions
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What changes in Polymarket Protocol V2?
V2 replaces the 2019 Gnosis CTF foundation with a single ERC-1155 position contract, pUSD collateral, and a consolidated exchange and router.
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Which market types will Polymarket V2 support?
The modular design natively supports binary, neg-risk, and combinatorial markets.
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Which oracle networks does Protocol V2 integrate?
Its multi-oracle aggregator supports UMA and Chainlink.
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When are Polymarket’s V2 canary markets and mainnet switchover planned?
Canary markets are planned for October 5–30, followed by a targeted full mainnet switchover on November 2.
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What security measures support Polymarket Protocol V2?
Certora formally verified V2. The protocol has also undergone extensive audits and is backed by a $5 million bug bounty.
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