Robin Markets announced it will phase out V1 after its first-generation yield product fell short of adoption expectations. According to ChainCatcher, the team said existing products will continue operating until an improved version launches before the end of this year, while the points program, yield guarantees and matching rewards will end with V1.
The team cited two problems: V1 needed to match opposing YES and NO positions in each market pool to combine funds into USDC, leaving early deposits idle when the pools were imbalanced. It also said yield opportunities for USDC.e on Polygon weakened after 10/10, putting more pressure on the project’s incentive-based guarantees; the team had previously worked with Yearn. Robin Markets lets users stake Polymarket outcome tokens on Polygon while retaining their market exposure. The team said the next version will address the matching mechanism and yield sources.