Asset issuers or agents define sender and receiver requirements, choose trusted claim issuers, manage documents and corporate actions, and may pause or reset compliance. When requirements are configured and compliance is active, all conditions in at least one rule must pass. With no requirements, compliance allows transfers by default; pausing it also allows otherwise affirmed transfer legs without that rule test. Other settlement validation still applies. These controls implement issuer policy rather than certify offering documents, ownership title, licensing or investor remedies.
Polymesh uses nominated proof of stake with permissioned operator nodes. POLYX holders may bond behind operators. Operators can be fined for downtime or contradictory consensus votes; the current architecture page says slashing of nominators is disabled. POLYX pays benchmarked compute/storage fees without gas-price bidding or tips. Supply has no fixed maximum: era rewards mint POLYX for operators and nominators, capped by policy at 140 million per year, and the 70% ideal staking ratio may change through governance.
Any holder may submit a PIP and bond POLYX to signal priority. Committees can submit directly. The Governing Council decides whether to ratify, reject or skip and is the actor that executes calls; token signalling is not a binding one-token-one-vote legislature. v6 removed the sudo key in October 2023. In June 2025 the Association announced that, after Polymath’s acquisition, it had transitioned into Cayman-based Polymesh Labs Ltd. That Polymath subsidiary took oversight of the chain, POLYX and the named applications. Governance remains on-chain, but corporate stewardship and council authority are distinct centers of control.
