Polynomial Trade is celebrating this Ethereum upgrade with the Shanghai Trading Week contest, which has a prize pool of $6,900. With the recent Ethereum Shanghai upgrade, there is likely to be significant volatility in the market. This volatility can provide ample trading opportunities for those who know how to navigate the market and make profitable trades.
The contest runs for a week, giving traders ample time to showcase their skills and make some profitable trades.
Polynomial Trade offers 25x leverage on 10+ assets with deep liquidity from Synthetix on OptimismFND with advanced orders.
Rewards of 6.9k USD
1st - $4.20k
2nd - $1k
3rd - $700
Trader with highest limit order volume will win $1,000.
Rewards will be $OP at rate of $2.27 at the time of writing.
Start trading - trade.polynomial.fi
👉 From 12th April 2023– 19th April 2023 (5 PM UTC)
2 cents on the Shanghai upgrade
The Ethereum community is eagerly awaiting the upcoming Shanghai Upgrade, a significant milestone in the transition to Proof-of-Stake consensus. With this update, ETH stakers will be able to withdraw their funds from the Beacon Chain.
The implementation of the Shanghai Upgrade is now known as "Shapella," a combination of "Shanghai" and "Capella", representing the changes happening simultaneously at the execution and consensus layers of the Ethereum network.
Why so much noise?
The recent buzz around Shapella is due to the fact that stakers can withdraw more than 18 million ETH from the Beacon Chain, which may cause significant market volatility.
Even a small percentage dump could reflect in the price and total sentiment of the community.
Conclusion
For traders, volatility is like bread and butter. Trade your view and always do your own research to make informed decisions. With this exciting opportunity on Polynomial Trade and the upcoming Shanghai upgrade, there's never been a better time to get involved!
Happy trading 🥳
About Polynomial
Polynomial Trade is a decentralised derivative trading exchange powered by the Synthetix protocol on Optimism. The exchange allows leverage trading up to 25x with a faster and smoother UI and lower fees than other derivative exchanges.