Yesterday's CLOBv2 was a major release. 235M PUSD have been migrated so far, and a big credit to the team for the months of work that went into it. CLOBv2 is the first step toward fixing the root cause of failed transactions but standalone isn't the final fix for it.
The final fix ships Monday to stop failed transactions. It needed CLOBv2 to land first. Given the scope of the change, it also had to go through a full audit, which is why it's taken a little longer than we'd have liked.
I know how frustrating it is when a trade fails. We're on it. As we've said, we're going to make Polymarket's infrastructure the best in the industry. Bear with us as we continue to improve performance and reliability across the system.
This is my 3rd week as VP of Engineering DeFi at @Polymarket , and I'm going to be straight: the traction @Polymarket has seen has massively outpaced our infrastructure, and we haven't done nearly enough to scale to keep up. I hear you, and fixing this is our entire focus. We're a major company now, and we need to engineer like one. Here's exactly what we're doing:
- Onchain data latency. We're working on making this near-instant so the experience is incredible.
- Chain migration. We need more block space, cheaper gas and much smaller block times so settlement is instant.
- Transactions are getting cancelled. We understand this is one of the most frustrating issues right now, and we have a complete fix coming very soon.
- Massive focus on the website to make it faster, more responsive, and with better UX.
- We added observability everywhere. Proper alerting so we catch issues ourselves, market makers should not be the ones telling us something is down. That's been unacceptable, and we know it.
- E2e tests throughout, starting with the CLOB, so issues get caught in CI before anything ships.
- CLOBv2 is not a rewrite. It won't improve performance or stability on its own; it's an upgrade that unlocks us to move fast right after. We'll do better with communication next time.
- We are rebuilding the CLOB from the ground up. Most important thing we're doing. Without it, we can't be the best DeFi exchange in the world. We know it, we're on it, it's mission critical.
- Unified TypeScript SDK for all APIs, which is shipping soon.
- Unified API. One WS connection for everything, with a schema that's actually readable.
- New Polymarket contract in the works that unlocks things that are simply impossible on the current protocol.
- New hires: Head of QA Automation, Head of Dev Tooling, Head of Internal Tooling, Head of Data Engineering.
- Smaller, dedicated teams. Fewer focus points per person, clearer ownership. People do what they're good at and are accountable for it.
- Working closely with customer support to give them real debugging tools so any user issue gets properly diagnosed, not lost.
- Proper communication with marketing and market makers so everyone knows what's coming and when, and MM can submit feature requests with a clear path to get them into engineering and shipped.
- Working with 4 security teams daily to ensure we're super secure and that funds are always safe.
- Perps incoming. Brand new contracts and a backend built from scratch in Rust. We're proud of this one.
- A lot of other fixes are running in parallel right now.
Starting next Friday, I will be posting weekly engineering updates.
I joined because I genuinely believe in what @Polymarket is trying to do. @shayne_coplan built this so the world has somewhere to go to find out what's actually going to happen, not what the media thinks, not what a pundit says, but what thousands of people are willing to put money on. But right now, our engineering isn't living up to that. We've let people down, and I'm not going to dress that up. I came here to fix it, and that's exactly what we're going to do. The next few months are going to speak for themselves. Stay with us.
Looking for a coordinator to work w us in our SOHO office full time.
No recruiting experience needed just want someone smart and personable that cares about tech, startups, prediction markets, etc.
Yes, you'll have to do a lot of scheduling/coordination on day one, but if you love vibe coding we can probably automate a lot of it together.
HMU
BREAKING: i'm dropping out of USC and joining @Polymarket
two years ago, i left a full ride scholarship and guaranteed spot in dental school
parents were so upset they stopped talking to me
transferred to usc with barely enough to cover one semesters tuition and no back up plan
first semester:
> built 13 projs trying to pay tuition. all failed
> -$27k in credit card debt
> about to get evicted
> emailed counsellor if i could transfer back
> 64 wpm
took one last shot from half court:
> bought an embroidery machine
> started a clothing brand
> first vid went viral 13M views
> 3000 orders / $100k revenue
> came back to usc
from there its j been bbq chicken:
> joined app studio
> built an app doing $2M ARR
> generated over 300m organic views
> personal tiktok account 164k followers
> 126 wpm
> parents fw me again
i want to thank my friends, family, @dustinkarp and anyone whose ever taken a bet on me (you're rich now)
it's official
i've joined @polymarket to grow the builder ecosystem and push onchain integrations forward
prediction markets are just getting started and polymarket is leading - excited to push this forward
dm me if you're building cool stuff - i'd love to chat and support!