Deep Dive
1. Chain Upgrade Relaxes CDD Rules (28 July 2025)
Overview: This mainnet upgrade to version 7.3 reduces the Customer Due Diligence (CDD) requirements for basic POLYX token transfers and staking. It simplifies the process for users to move and stake their tokens.
Previously, Polymesh's compliance-focused design required identity checks for many actions. This update relaxes those rules specifically for native token activities, lowering the barrier to entry for general users while maintaining stricter controls for security tokens. It represents a technical change to the chain's governance pallet.
What this means: This is bullish for POLYX because it makes the network more accessible. Users can now participate in staking and transfer tokens with fewer hurdles, which could attract more participants and increase network activity. It balances regulatory compliance with user-friendliness.
(Polymesh)
2. Portal Update Adds User Features (9 July 2025)
Overview: The Polymesh Portal, the main user interface for the blockchain, received a mainnet update with new features focused on ease of use. Key additions include a "Get POLYX" button for direct purchases and an improved Asset Manager section.
The update integrates with Banxa for fiat-to-crypto purchases, allowing users to buy POLYX directly into their wallets. The new "Create Asset Wizard" and "Asset Control Center" provide guided interfaces for issuing and managing digital assets, abstracting away complex blockchain commands.
What this means: This is bullish for POLYX because it significantly improves the user experience. Easier token purchases lower the friction for new users, while simplified asset creation tools make the platform more appealing for businesses looking to tokenize real-world assets. It directly supports the network's utility growth.
(Polymesh)
Conclusion
Polymesh's development is strategically easing onboarding and enhancing utility, moving from a strictly compliance-heavy chain to a more accessible platform. Will the next upgrade further simplify compliance for security tokens to accelerate institutional adoption?