TREE NEWS update: Polymarket has rolled out Protocol V2, replacing its legacy Gnosis-based architecture with a single ERC-1155 positions contract and pUSD collateral. The upgrade consolidates the prediction market’s position handling into one contract and switches its collateral asset to pUSD.
Polymarket Launches Protocol V2 With Single ERC-1155 Positions Contract, pUSD Collateral
AI take
The architectural shift matters less for traders than for builders: collapsing positions into one ERC-1155 contract and moving collateral to pUSD changes how integrations, vaults and automated strategies must be written, and any legacy tooling tied to the Gnosis stack faces a migration question. The collateral switch is the more consequential half, since pUSD now sits between users and every market's settlement, making its liquidity and redemption path the practical risk surface. Whether third-party protocols rebuild on V2, and how pUSD depth develops, are the open questions to watch.
Generated by AI for reference only.
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