2 posts tagged with "market-structure"

On March 6, 2026, Polymarket extended taker fees and maker rebates to all crypto markets, not just the short-dated contracts it started with in January. That sounds like a small product update. It isn't.

The undercovered story is that Polymarket has now made a very explicit decision about where it wants liquidity to be and how it wants makers to quote risk. If you provide liquidity, trade prediction-market crypto contracts, or study onchain market structure, this matters more than the headline.

Resolv's pitch was simple: USR was supposed to be a crypto-backed stablecoin with a delta-neutral design, a separate risk-absorbing layer, and a collateral pool meant to keep the dollar peg credible.

Then on March 22, 2026, an attacker showed the market something more important than the collateral story: if your issuance layer can be broken, your backing story stops mattering almost instantly.