Polymarket Upgrades Protocol to V2, Adopting ERC-1155 Contract and pUSD Collateral

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Decentralized prediction market Polymarket has launched its V2 upgrade, replacing its previous Gnosis-based infrastructure. The new protocol utilizes a single ERC-1155 positions contract and pUSD as collateral, aiming to streamline its smart contract framework.

Key facts

• Decentralized prediction market Polymarket has announced the rollout of its Protocol V2.
• The new protocol replaces the platform's legacy Gnosis-based setup.
• The new architecture centers around a single ERC-1155 positions contract.
• pUSD will serve as the collateral for the upgraded protocol.
• This transition aims to streamline the platform's underlying smart contract framework.