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- Polymarket is planning a protocol upgrade that will launch pUSD, a Polygon-based collateral token backed by USDC.
- The restructuring is designed to reduce failed sales, lower gas costs and improve inventory management on the platform.
Polymarket is preparing a the extension of the protocol which appears to be more cosmetic than architectural, with a new logo and commercial restructuring plans aimed at improving some of the platform’s performance.
According to the company documentsThe upgrade will launch Polymarket USD, or pUSD, and Image of ERC-20 on Polygon which is fully supported by the USDC.
In simple terms, pUSD will serve as a technical representation of the user’s amount within the platform. When users deposit USDC, the amount appears in the pUSD form on Polymarket, and can be converted to USDC when you leave.
pUSD changes plumbing, not user behavior
For most users, the front-end experience shouldn’t change much. Money comes in, money appears, products are sold, and money can be withdrawn. The difference lies in the bottom, in the stable part.
Polymarket says the process will continue to process trades in USDC, with pUSD acting as collateral on the platform. The company is trying to make the system efficient and easy to expand without turning users into something too complicated.
It also took care of maintaining pUSD carefully. This token is described as an ERC-20 standard on Polygon, supported by USDC through a smart contract-driven system, with no algorithmic peg and a share-holding feature.
A few failed sales are real selling points
The most important upgrade would be the design around the sales itself. Polymarket says the new CTFv2 and its updated catalog design are designed to reduce unprecedented failures, better focus on competition and other issues that have led to sales failures.
Charges will be calculated based on match time instead of order placement, while order tracking will move to a timestamp-plus-signature model instead of relying on onchain nonces. The company also says that the cost of gas should drop because the new contracts use better libraries.
Safety is also emphasized. CTFv2 contracts have been reviewed by Cantina and Quantstamp, and Polymarket says it plans to launch smart contracts next week alongside a free app. This suggests that the company understands that the upgrade will be judged less by the launch message and more by whether the new system will be stable when it goes live.
