Polymarket Launches $1 Million Liquidity Rewards for CLOBv2 Migration

Polymarket said its spot order book CLOBv2 upgrade is complete and trading has resumed, with a $1 million liquidity incentive program beginning after a brief pause and order-book reset.

Summary

Polymarket said it completed its spot order book CLOBv2 upgrade and resumed trading after briefly pausing activity and clearing order books during the migration. According to the platform, user funds and positions remained safe throughout the process. The company also launched its previously announced $1 million liquidity incentive program, with $500,000 set to be distributed in the first two hours after trading resumed and the remaining $500,000 later the same day.

Terms & Concepts
  • CLOBv2: An upgraded central limit order book system used to match buy and sell orders on the platform.
  • Liquidity incentive program: A reward scheme designed to encourage traders or market makers to place orders and improve market depth.
  • Order book: A real-time list of buy and sell orders for a market, used to facilitate price discovery and trade matching.