Polkamarkets V2 was launched with a flurry of a new features compared to V1, both at the Protocol and Web App level.
The tables below will be updated as new features launch.
New Features in Polkamarkets Protocol V2
Feature | V2 | V1 |
Create markets with native or ERC-20 tokens. | Creators can decide what token will be used in a market: the native token (which will be wrapped), or any ERC-20 token (including stablecoins). The chosen token is used for both Trading and Liquidity. | Markets would always use the blockchain’s native token (i.e. GLMR on Moonbeam, or MOVR on Moonriver). |
Define multiple outcomes | Creators can choose up to X possible outcomes. | Creators could only set two possible outcomes. |
Set initial outcome prices | Creators can set the initial prices of each outcome. The total of all outcome prices will still always be 1. | Each outcome would always be priced at 0.5 upon creation. |
Provide a market description to clarify the context and resolution criteria | Creators are required to provide a description of the prediction market that they create, to clarify the context and resolution criteria for participating forecasters. | Creators could only provide an URL pointing to a resolution source (this field still exists in V2). |
Charge a fee from trades to reward the market creator | Creators can receive a reward for every trade that happens on their, defined, as a percentage fee charged on every trade | This feature did not exist in V1. |
Define the Liquidity Provider fee charged at every transaction | Creators can define what percentage of the amount transacted in every trade will be distributed to Liquidity Providers. The minimum percentage is X, and the maximum is Y. | The LP reward fee was set at 2% and could not be changed. |
Coming soon
Escalate market resolution to a Kleros Court for arbitration
| In addition to the normal crowd-sourced, bonding-based, resolution process, any user can escalate the resolution of a market to a Kleros Court by paying the Kleros fee (only available on Polygon). | POLK holders could only resolve markets through the crowd-sourced bond escalation process. |
New features in Polkamarkets Web App V2
In addition to supporting all the new features of the Protocol,
Feature | V2 | V1 |
Mobile-friendly | The Polkamarkets Web App now works in MetaMask Mobile and similar mobile browsers. | The app was ready-only on mobile. |
New filters UI | Filters are now better organised in the sidebar, with nice animations and smooth interactions designed and implemented with great care by our team. | The filters UI was not as nice as in V2. |