We are thrilled to announce the launch of our mainnet and the ability to stake with our network at polynomial.fi.  This is a significant milestone for us and marks a massive step forward in hyper-scaling derivatives markets on-chain. We invite everyone to join us in our mission of optimizing and scaling on-chain derivatives trading by using and contributing to our ecosystem through our Chain’s native liquidity, abstraction, and settlement layers.

At Polynomial, we believe there is no better problem to tackle in blockchain than the need for a user-friendly, on-chain derivatives trading platform. Currently, centralized exchanges (CEXs) account for over 95% of derivatives volume, amounting to trillions of dollars! While many understand the limitations of DEXs and why many choose to remain off-chain, blockchains are set to migrate these trillions on-chain in the coming years.

In response to the increasingly fragmented Web3 experience, which includes multiple wallets, tokens, assets, and fragmented liquidity pools, Polynomial has risen to the challenge of creating a platform capable of solving all these issues in one L2. This is a significant leap forward in addressing critical liquidity gaps and providing a unified, capital-efficient platform.

Earn Points with TVL

Users can currently deposit USDC, sDAI, and sUSDe, with more assets supported in the near future. This marks the beginning of Season One of our Points Program and our Initial Liquidity Event (ILE), rewarding users who participate in the early bootstrapping of our liquidity with points. These points are designed to recognize and reward early supporters and may offer more exciting opportunities within the Polynomial ecosystem as it grows.Day 1 stakers are also eligible for a 1.5x boost to their points that declines gradually over the 14-day liquidity generation window.

Liquidity raised from our LGE will immediately be put to use for our soon-to-be-launched flagship PERP protocol, “Trade,” which has previously done over $4.7 billion in volume combined on both the OP and BASE networks. "Trade" will hyperscale Polynomial Chain by offering delta-neutral positions with infrastructure tailored for derivatives - ranging from gasless trading, native cross-margin capabilities, and multiple collateral types - providing an intuitive and user-friendly experience for on-chain trading comparable to CEXs. Additionally, “Trade” will earn Polynomial LPs 60% of their associated fees. Withdrawal for staking will be enabled soon after the launch of “Trade”. Expected launch of Trade is in 14 days from when we go live with staking deposits.

Retroactive points have been awarded to previous users of Trade, Earn and pre-qualified users of Pyth, Synthetix, Fluid, Ethena, and sDAI and others, as well as NFT holders of collections like Pudgy Penguins, Miladys and more. By bridging and depositing a minimum of $100, these retroactive points can be claimed.More information on our Retro Points Initiative can be found here, Retroactive Points: Retroactive Points.

Refer your Friends

We appreciate your enthusiasm for sharing about Polynomial Chain, and we’re returning the favor with Points!

Access to staking is exclusive to those with your invite codes, preventing any unsolicited participation. You can share your code with your friends, followers and any prospective users, to earn 10% of the points they accumulate — these are additional points, not deducted from theirs.And that's not it, you’ll also receive 5% of the points if your invited friend refers another friend.

If you want more invite codes to share, be on a lookout on our discord and twitter :)

Prelaunch

Last week, Polynomial pre-launched our chain with an initial deposit of 100K USDC to begin our liquidity bootstrapping. We’ve been fortunate since our inception in 2021 to not have had any security exploits, and to this effect, we’ve conducted thorough audits on our code with our partner protocols to ensure the continued safety of user funds. More information can be found on our Gitbook.

We're paving the way for a new era of DeFi and invite you to join us in building the future of decentralized finance together! Join our community on Discord and follow us on X for real-time updates and support.