FAQ

Polymesh is a public permissioned blockchain purpose-built for tokenization of regulated and real-world assets (RWAs). It streamlines antiquated processes and opens the door to new financial instruments by solving regulatory challenges around governance, identity, compliance, confidentiality, and settlement. 

It means the blockchain is publicly viewable and accessible, but key network functions like block production and validation are restricted to licensed or registered financial entities approved to operate as Node Operators.

‍

Polymesh embeds key financial primitives directly into the base layer—such as identity, compliance, and deterministic finality—rather than relying on smart contracts, enabling seamless integration with existing workflows of regulated financial institutions.

Polymesh does not rely on external smart contract standards like ERC-1400. Instead, it defines a protocol-level asset standard, the Polymesh Asset Standard, embedded directly in the blockchain runtime. This native standard ensures uniform functionality and compliance features for all assets, including security tokens, without requiring custom smart contract logic.

Polymesh Private is a licensed variant of Polymesh designed for enterprise deployment in private, permissioned environments, without public participation or public token requirements. It enables entities to leverage Polymesh's compliance-focused blockchain infrastructure with customizable rules, confidential asset management, and controlled access tailored to specific enterprise needs, with the option to migrate to the public Polymesh network when desired.

Polymesh Labs Ltd. develops and operates the Polymesh blockchain, including associated tooling, developer resources, and network infrastructure. It also oversees ecosystem development through grants and strategic support, manages Polymesh marketing and communications, and maintains the Polymesh community, including official social channels and the Polymesh Discord server.

POLYX is the protocol-native token of the Polymesh blockchain. It is a utility token used for staking, paying transaction and protocol fees, participating in governance, and incentivizing node operation.

For more information about POLYX, visit polymesh.network/polyx.

POLYX functions as a utility token by enabling access to Polymesh onchain functionality—such as asset creation and transaction execution—while securing the network through staking.

Yes. Transaction fees are based on size and complexity; protocol fees apply to certain operations like ticker reservation. Both are paid in POLYX and distributed to Node Operators.

Polymesh uses nominated proof-of-stake (nPoS), where licensed Node Operators are selected to validate blocks and receive staking rewards in POLYX, which they share with their Stakers.

POLYX holders can stake by nominating Node Operators. Nominated POLYX is bonded and cannot be transferred until unbonded, with a 28-day unbonding period. Rewards are distributed daily based on Node Operator performance.

At this time, only Node Operators are subject to slashing penalties, however this could change in the future.

An easy way to stake POLYX is by using the Polymesh Portal.

Asset tokenization is the representation of ownership of physical or digital assets as tokens on a blockchain. These tokens can be created, managed, and transferred digitally, subject to the issuer’s legal structure and applicable regulation.

By contrast, asset origination is when a (financial) asset is defined and exists only on the blockchain. These assets are often described as 'natively digital assets.'

RWAs are tangible or intangible assets that exist outside the blockchain – such as real estate, securities, commodities, carbon credits, or receivables – that are tokenized for digital management and transfer.

Yes, to interact with any asset besides POLYX, users must complete the Initial Due Diligence (IDI) process through an approved CDD provider and receive a decentralized identity (DID).

This identity framework ensures that all participants handling asset tokens are known, enabling institutions to meet regulatory requirements and enforce compliance rules directly on-chain.

POLYX holders can stake by nominating Node Operators. Nominated POLYX is bonded and cannot be transferred until unbonded, with a 28-day unbonding period. Rewards are distributed daily based on Node Operator performance.

At this time, only Node Operators are subject to slashing penalties, however this could change in the future.

An easy way to stake POLYX is by using the Polymesh Portal.

Assets on Polymesh can be viewed via the Polymesh Portal or compatible blockchain explorers like the Subscan block explorer or Protofire asset explorer.

If you've reviewed our documentation or browsed the community knowledge base and require help, we recommend you to contact Polymesh Labs via the following support channels:

• For technical assistance, you'll recieve the fastest response by submitting a ticket
• For general questions, feel free to contact the team through the Polymesh Discord
  
  • For developer-related inquiries, use our developer-support channel
• For other questions, contact our team by filling out this form

Polymesh employs onchain governnace, with all proposed and enacted changes managed directly through the chain itself, instead of offchain coordination. The governance process includes community-submitted or committee-submitted Polymesh Improvement Proposals (PIPs), signaling by POLYX holders, and final ratification, rejection, or skipping by the Governing Council. This industry-leading governance model ensures transparency, immutability, and resistance to forks.

The Polymesh Governing Council is the final decision-making authority responsible for enacting protocol changes. Members are appointed by Polymesh Labs and must meet specific eligibility criteria.

POLYX holders can submit Polymesh Improvement Proposals (PIPs) and bond tokens to them to signal support or opposition. However, they do not vote directly to enact changes. Decisions are made by the Governing Council, which determines whether to approve, reject, or defer each proposal.

The EDF is a strategic pool of funds distributed by Polymesh Labs in the form of USD or POLYX to advance adoption, support integrations, and incentivize ecosystem growth. Find more information on the EDF program at polymesh.network/ecosystem-development-fund. 

The Grants Program offers structured support in the form of POLYX to open-source projects building tools, infrastructure, or integrations that align with Polymesh’s long-term objectives.

Support may include POLYX grants, technical integration assistance, design consultation, or co-marketing opportunities.

Note that the scope of our grants initiatives consists of funding and feedback on delivered milestones. While Polymesh Labs may not provide direct hands-on support, we will do our best to direct you to the correct resources (either internally or via a third-party). 

Grant sizes vary based on project scope, value, and potential impact on the Polymesh ecosystem. For the Grants Program, grants will be capped at  US$10,000, US$30,000, or US$50,000 equivalents depending on your grant level. For the EDF, you will be required to outline project milestones, estimated timelines, and approximate grant dollar amounts required.

Applications are submitted through Polymesh Labs. Each proposal is evaluated on merit, feasibility, and alignment with ecosystem goals.

For grants for open source projects, visit Github to view rules and apply.

For information about the EDF including how to apply, read the EDF outline and policies.

There are lots of ways to get involved with Polymesh! Engage through official Polymesh social channels and join the conversation on Discord, contribute to the community forum or GitHub repositories, participate in POLYX staking or governance, or sign up to our newsletter for monthly updates and upcoming events.