Polynomial is set to revolutionize on-chain derivatives trading with the launch of its new ETH Layer 2 (L2) solution, the Polynomial Superchain. Designed to address the scalability and liquidity challenges that plague the current DeFi ecosystem, the Polynomial Superchain promises to hyperscale derivatives trading with ultra-fast settlements and unified liquidity.

As part of the launch, Polynomial has rewarded its early users, including PYTH and SNX stakers, and NFT holders like Pudgy Penguins and Milady, with retropoints. These retropoints can be viewed here. To claim these points, users must stake at least $100 during the Initial Liquidity Event (ILE).

The ILE kicks off on August 7 and will run for two weeks until August 21. During this period, users can earn a 1.5x boost in points on the first day, which gradually decreases to 1x over 14 days. This event provides a unique opportunity to maximize rewards before the ILE concludes. After August 21, users can withdraw their liquidity.

The current total value locked (TVL) in Polynomial's ecosystem is relatively small at $1.4 million, signaling a significant growth potential for early adopters. Deposits can be made in USDC across Arbitrum, Base, Optimism, and the Ethereum mainnet, with additional options for sDAI and sUSDe on Ethereum.

The liquidity collected during the ILE will be used to fuel the decentralized exchange (DEX) that Polynomial plans to launch after the event. Stakers will receive 60% of the trading fees, in addition to Polynomial points, providing a robust incentive to participate. For those who wish to exit, liquidity can be withdrawn after August 21.

To enhance security, Polynomial has undergone a thorough audit, the details of which can be found here.

Even if you haven’t been awarded retropoints, the Polynomial ILE presents a promising opportunity. Given the low TVL and the potential for substantial rewards, early participation could yield significant benefits. Additionally, those who have been credited with retropoints should consider staking at least $100, especially given the minimal L2 transaction fees and the fact that deposits will be unlocked shortly after the ILE.

1. Stake Assets: Visit the staking page and make a deposit to earn points that will eventually be converted into tokens.

2. Complete Missions: Engage with the platform through simple missions to earn more points.

3. Referral Program: Take advantage of the referral system to earn additional rewards—10% from direct referrals and 5% from referrals of your referrals.

The Polynomial Superchain is built using the OP Stack, a robust framework within the Optimism Superchain ecosystem. This architecture allows Polynomial to benefit from Optimism's well-developed infrastructure, including enhanced security through Ethereum’s mainnet, reduced gas fees, faster transaction finality, and increased throughput.

Key Features of Polynomial Superchain:

• Liquidity Layer: A single, unified pool of liquidity that supports various financial products, enabling large trades with minimal slippage and optimizing capital efficiency.

• Abstraction Layer: Simplifies blockchain operations, offering a user-friendly interface similar to centralized exchanges, promoting broader adoption of on-chain trading.

• Settlement Layer: Supports hybrid solutions, allowing data submission both off-chain and on-chain, ensuring scalable derivatives trading with reduced fees and enhanced security.

Polynomial's mission is to empower traders and developers by providing the tools necessary to fully exploit the potential of on-chain derivatives trading.

Polynomial is set to revolutionize on-chain derivatives trading with the launch of its new ETH Layer 2 (L2) solution, the Polynomial Superchain. Designed to address the scalability and liquidity challenges that plague the current DeFi ecosystem, the Polynomial Superchain promises to hyperscale derivatives trading with ultra-fast settlements and unified liquidity.

As part of the launch, Polynomial has rewarded its early users, including PYTH and SNX stakers, and NFT holders like Pudgy Penguins and Milady, with retropoints. These retropoints can be viewed here. To claim these points, users must stake at least $100 during the Initial Liquidity Event (ILE).

The ILE kicks off on August 7 and will run for two weeks until August 21. During this period, users can earn a 1.5x boost in points on the first day, which gradually decreases to 1x over 14 days. This event provides a unique opportunity to maximize rewards before the ILE concludes. After August 21, users can withdraw their liquidity.

The current total value locked (TVL) in Polynomial's ecosystem is relatively small at $1.4 million, signaling a significant growth potential for early adopters. Deposits can be made in USDC across Arbitrum, Base, Optimism, and the Ethereum mainnet, with additional options for sDAI and sUSDe on Ethereum.

The liquidity collected during the ILE will be used to fuel the decentralized exchange (DEX) that Polynomial plans to launch after the event. Stakers will receive 60% of the trading fees, in addition to Polynomial points, providing a robust incentive to participate. For those who wish to exit, liquidity can be withdrawn after August 21.

To enhance security, Polynomial has undergone a thorough audit, the details of which can be found here.

Even if you haven’t been awarded retropoints, the Polynomial ILE presents a promising opportunity. Given the low TVL and the potential for substantial rewards, early participation could yield significant benefits. Additionally, those who have been credited with retropoints should consider staking at least $100, especially given the minimal L2 transaction fees and the fact that deposits will be unlocked shortly after the ILE.

1. Stake Assets: Visit the staking page and make a deposit to earn points that will eventually be converted into tokens.

2. Complete Missions: Engage with the platform through simple missions to earn more points.

3. Referral Program: Take advantage of the referral system to earn additional rewards—10% from direct referrals and 5% from referrals of your referrals.

The Polynomial Superchain is built using the OP Stack, a robust framework within the Optimism Superchain ecosystem. This architecture allows Polynomial to benefit from Optimism's well-developed infrastructure, including enhanced security through Ethereum’s mainnet, reduced gas fees, faster transaction finality, and increased throughput.

Key Features of Polynomial Superchain:

• Liquidity Layer: A single, unified pool of liquidity that supports various financial products, enabling large trades with minimal slippage and optimizing capital efficiency.

• Abstraction Layer: Simplifies blockchain operations, offering a user-friendly interface similar to centralized exchanges, promoting broader adoption of on-chain trading.

• Settlement Layer: Supports hybrid solutions, allowing data submission both off-chain and on-chain, ensuring scalable derivatives trading with reduced fees and enhanced security.

Polynomial's mission is to empower traders and developers by providing the tools necessary to fully exploit the potential of on-chain derivatives trading.