PolynomialIntroducing Trade 2.0: The Future of Decentralised Leverage Trading
We’re thrilled to introduce Trade 2.0, our flagship decentralised leverage trading platform, designed to provide unparalleled trading experiences. With cutting-edge features such as cross margin and superior capital efficiency, Trade 2.0 is set to revolutionize how you trade.A Look Back: Over $4.7 Billion in VolumeSince our initial launch in March last year, Polynomial has facilitated over $4.7 billion in trading volume across 100+ markets. We’ve listened to your feedback and continuously evo...
PolynomialPolynomial Keeper Grants
We are excited to launch the first edition of Polynomial’s Keeper Grant Program. Decentralized exchanges (DEXs) are the backbone of DeFi, providing traders with permissionless access to markets. DEXs rely on automated market participants called "keepers" to maintain operational integrity. Polynomial seeks contributors to run keeper bots on the Polynomial Chain to aid in order execution.What are Keepers?Keepers are programs that monitor and interact with smart contracts to perform necessary ma...
PolynomialIntroducing Polynomial Chain
We're excited to unveil the next big step for Polynomial as we go beyond our platform to improve the derivatives trading space significantly. Introducing Polynomial Chain, the only Ethereum Layer 2 with a native liquidity layer designed for hyper-scaling derivatives.Why Polynomial chain?One pivotal statistic drove our decision:“There are 10 times more dApps now competing for $225 billion in total locked value compared to $300 billion in 2021. Centralized exchanges still dominate with $9 ...
Polynomial Chain: The only Ethereum L2 with a native liquidity layer for hyper-scaling derivatives.
PolynomialIntroducing Trade 2.0: The Future of Decentralised Leverage Trading
We’re thrilled to introduce Trade 2.0, our flagship decentralised leverage trading platform, designed to provide unparalleled trading experiences. With cutting-edge features such as cross margin and superior capital efficiency, Trade 2.0 is set to revolutionize how you trade.A Look Back: Over $4.7 Billion in VolumeSince our initial launch in March last year, Polynomial has facilitated over $4.7 billion in trading volume across 100+ markets. We’ve listened to your feedback and continuously evo...
PolynomialPolynomial Keeper Grants
We are excited to launch the first edition of Polynomial’s Keeper Grant Program. Decentralized exchanges (DEXs) are the backbone of DeFi, providing traders with permissionless access to markets. DEXs rely on automated market participants called "keepers" to maintain operational integrity. Polynomial seeks contributors to run keeper bots on the Polynomial Chain to aid in order execution.What are Keepers?Keepers are programs that monitor and interact with smart contracts to perform necessary ma...
PolynomialIntroducing Polynomial Chain
We're excited to unveil the next big step for Polynomial as we go beyond our platform to improve the derivatives trading space significantly. Introducing Polynomial Chain, the only Ethereum Layer 2 with a native liquidity layer designed for hyper-scaling derivatives.Why Polynomial chain?One pivotal statistic drove our decision:“There are 10 times more dApps now competing for $225 billion in total locked value compared to $300 billion in 2021. Centralized exchanges still dominate with $9 ...
Polynomial Chain: The only Ethereum L2 with a native liquidity layer for hyper-scaling derivatives.
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Polynomial has partnered with Synthetix to bring a new and exciting way for users to earn rewards starting April 19th at 0:00 UTC. OP season brings the opportunity to earn OP rewards simply by trading on Polynomial.
OP Season is a 20-week-long event in which 300,000 OP tokens will be distributed weekly to traders on Synthetix perps. By participating in the OP Season, traders can expect to earn significant rewards that can be used to boost their trades on Polynomial.
On the same day, the OI caps will be lifted and fees are expected to decrease significantly to 2/6 bps, leverage will be increased to 50x and advanced orders allows users with more trading flexibility and freedom.
Becoming eligible for the OP rewards is a straightforward process. Simply use the Polynomial platform to trade with multiple assets listed on the exchange. The rewards are based on the fees paid by the user, with the exception of the keeper deposit.
Once eligible, users can claim their rewards through the user interface, and may withdraw them to their wallet at any time.
The OP rewards program will award a total of 5,310,000 OP (approx 14.2m in current value) over a period of 20 weeks.
• Week 1 = 10,000 OP
• Weeks 2-3 = 100,000 OP
• Weeks 4-20 = 300,000 OP
Traders' performance is evaluated based on the trading fees they have paid, excluding execution fees. If traders have staked SNX tokens, their score will receive a boost.
rawScore = tradefeespaid
The trader score includes a staked SNX multiplier:
traderScore = rawScore * stakedTierMultiplier
• 0-2499 SNX: 1.00x
• 2500-5000 SNX: 1.05x
• 5001-10,000 SNX: 1.075x
• 10,001-20,000 SNX: 1.1x
• >20,001 SNX: 1.15x
read more on Synthetix blog here
Following each week, users are able to claim their OP rewards directly through the UI. more details on this will be announced.
About Polynomial
Polynomial Trade is a decentralised derivative trading exchange powered by the Synthetix protocol on Optimism. The exchange allows leverage trading up to 50x with a faster and smoother UI and lower fees than other derivative exchanges.
Polynomial has partnered with Synthetix to bring a new and exciting way for users to earn rewards starting April 19th at 0:00 UTC. OP season brings the opportunity to earn OP rewards simply by trading on Polynomial.
OP Season is a 20-week-long event in which 300,000 OP tokens will be distributed weekly to traders on Synthetix perps. By participating in the OP Season, traders can expect to earn significant rewards that can be used to boost their trades on Polynomial.
On the same day, the OI caps will be lifted and fees are expected to decrease significantly to 2/6 bps, leverage will be increased to 50x and advanced orders allows users with more trading flexibility and freedom.
Becoming eligible for the OP rewards is a straightforward process. Simply use the Polynomial platform to trade with multiple assets listed on the exchange. The rewards are based on the fees paid by the user, with the exception of the keeper deposit.
Once eligible, users can claim their rewards through the user interface, and may withdraw them to their wallet at any time.
The OP rewards program will award a total of 5,310,000 OP (approx 14.2m in current value) over a period of 20 weeks.
• Week 1 = 10,000 OP
• Weeks 2-3 = 100,000 OP
• Weeks 4-20 = 300,000 OP
Traders' performance is evaluated based on the trading fees they have paid, excluding execution fees. If traders have staked SNX tokens, their score will receive a boost.
rawScore = tradefeespaid
The trader score includes a staked SNX multiplier:
traderScore = rawScore * stakedTierMultiplier
• 0-2499 SNX: 1.00x
• 2500-5000 SNX: 1.05x
• 5001-10,000 SNX: 1.075x
• 10,001-20,000 SNX: 1.1x
• >20,001 SNX: 1.15x
read more on Synthetix blog here
Following each week, users are able to claim their OP rewards directly through the UI. more details on this will be announced.
About Polynomial
Polynomial Trade is a decentralised derivative trading exchange powered by the Synthetix protocol on Optimism. The exchange allows leverage trading up to 50x with a faster and smoother UI and lower fees than other derivative exchanges.
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