Mustafa
943 posts
Enough is enough - it is far past time for Polymarket to add KYC. Russians and Iranians are freely trading, and Polymarket even sent merch to a user in Moscow for recruiting more Russians to the platform. Insiders are using the platform left and right.
If Polymarket is serious about stopping this, either bring all operations into compliance (which starts with KYC) or shut down the offshore exchange. What exists now is not a safe or fair platform to offer prediction markets.
Said@said116dao
THERE WILL BE NO KYC! Don’t believe fake news! The @Polymarket team have confirmed that KYC will NOT be required for all users Currently, KYC is required for PERP beta-testers
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@TheNotoriousSKi @EJechel @Polymarket @kea1on @williamlegate @UMAprotocol this wasn’t uma problem with resolution, they resolved correctly. the mapping was wrong on our end.
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Polymarket has resolved Denver May 17 BACKWARDS. UMA settled "72-73°F" as No and "71°F or below" as Yes, but on Polymarket BOTH winning sides show as losses. Not just me, others hit too. Who can review this? @Polymarket @kea1on @williamlegate @mustafap0ly @UMAprotocol
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I don’t do insiders. We’re all on @kalshi bro.
Polymarket@Polymarket
JUST IN: NBA player Kyle Kuzma declares "quantum compute" is the next technological frontier after artificial intelligence.
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Oracle, as a business category, just got absorbed into consensus.
24 validators, 70ms blocks, slashable stake. Propose markets, run the newsfeed, settle outcomes. all native, same loop already securing $HYPE deposits.
Polymarket sits behind Uma. Kalshi sits behind a desk. Hyperliquid sits behind itself.
Every fee that used to leak to external middleware now accrues to the same set clearing your perp.
Hyperliquid
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@Polymarket @kea1on
Are there any specific reasons why almost all rewards for weather markets disappeared?
We now have 45+ temperature markets live, but with almost no liquidity rewards, orderbooks has become extremely thin. Some markets have 20c+ (sometimes even 50c+) spreads, making them barely tradable.
I know weather markets are a niche, but it would be great to see consistent rewards return to attract traders and improve liquidity. We are also paying good amount of fees, so a more stable reward structure would make a big difference.
As the screenshot shows, today’s rewards are very thin, and some are even user-sponsored. @protrade47 already raised this in one of his posts, and right now this is the biggest pain point for weather traders.
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@0x_Abdul @TheNotoriousSKi wrong. it wasn’t admin you can query the contract and see
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looks like this polymarket exploit could have been worse:
the compromised admin wallet wasn't just holding USDC and POL
it had `resolveManually()` rights on the UMA Adapter which bypasses the oracle and forces any market outcome on polymarket
the attacker could have:
- bought large positions in some markets
- flagged them for manual resolution
- waited out the 1 hour safety window
- then called resolveManually() to resolve the markets in favor of their positions
- cashed out their wins on all markets they resolved themselves
(for markets that were already in a manual resolution window, there wouldn't even be a safety window)
its scary because it took the polymarket team roughly over an hour to get this situation under control
in that time the exploiter could have caused serious damage to active markets (over $453m in open interest)
Abdul@0x_Abdul
another exploit because of key compromise the $660K stolen happened in separate events: 1) the USDC ($600K+) was a one-time drain from wallet 0x8F98 (UMA CTF Adapter Admin on Polygon) 2) polymarket's top-up automation was sending 5,000 POL every ~30 seconds to keep the oracle gas wallet funded, and the attacker waited for each refill and swept it for roughly 120 cycles over 70 minutes (600k POL) the ongoing POL losses were entirely on polymarket's detection speed, and the exploit stopped when the keys got rotated the exploiter then exited through 16 sub-addresses via ChangeNOW
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ALERT: 🚨 Polymarket contract exploited
Attackers are removing 5,000 $POL every 30 seconds – $600k stolen so far
Pause all Polymarket activity for now
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The CTF contract is not exploited, it’s an internal address we use for ops.
POL was being sent to that address because it was in an internal refiller service that checks and refills balances every couple of seconds.
All user funds are safe and the address is being rotated.
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@datadashboards oh yeah current form totally agree, it's just the flexibility to change so I did it this way
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@mustafap0ly Aren’t you agreeing with me in present form then 🤣
I would have designed it the same way tbf
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This is just effective fee rate no?
If its rebates it for the fees anyway so why dress it up
The Greek Trader@TheGreekTrader
New big hint on the $POLY airdrop formula just dropped from Polymarket. We already knew trading volume would be one of the criteria and now we have a much clearer idea of how it may be calculated: wV = Trade Size × (1 − Entry Price) × Category Weight The key part here is the Entry Price. A lot of people farmed millions in volume by buying shares at 99% or 99.9%, so this is really bad news for bonders. Most of that volume will end up having barely any weight.
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Introducing taker tier rebate program - poly.market/taker-tier
Get rebated up to 50% of all trading fees on polymarket, earn $ level up bonuses, and be eligible for large future rewards.
Will be live starting next week 🙂
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@atteonthephone no it wasn't to save gas fees. It was a new deployment service that would allow us to deploy a ton of markets faster thus allowing for very short resolving markets.
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@mustafap0ly @Polymarket @williamlegate If you could answer your DM on Discord, would be better.. But i am trying to contact you since last week, and you cant even look your dm to create an direct channel @mustafap0ly ...
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@mustafap0ly @jfm_20wx @0x3577 @Polymarket @williamlegate Is it expected to come in multiple waves? I received a refund that was no more than 75% of the expected amount even given the benefit of the doubt
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May 20 and 21 temp markets have been opened but with a twist,
almost half the cities for May 20 show up as "ended" so they cant be found via the search bar, Istanbul has this problem for May 20 and 21,
refunds have been issued but only partially, polymarket said they are currently working on paying out the remaining funds
Hans323@Hans323
according to LeGate, both the refunds and the markets coming back online will happen today, i somehow doubt that the refund part is true, but i would be happy to be wrong
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