Polynomial Trade is an on-chain derivatives platform with a focus on perpetual futures, enhanced by the security of the Synthetix protocol and the Optimism Network. Its distinctive approach using polynomial functions for price prediction allows traders to make more dynamic market decisions. Although currently without a governance structure or a live token, the potential introduction of a token could benefit the platform by incentivizing user engagement and capturing value. Polynomial has raised two successful funding rounds, raising $1.10 million in a Pre-Seed round and securing further investment in a Seed round, with backing from several notable investors and capital firms.
Value Proposition:
Polynomial Trade offers an innovative on-chain derivatives platform. It provides seamless and intuitive trading of perpetual futures, backed by the security and efficiency of the Synthetix protocol on the Optimism Network. With its unique polynomial functions approach for price prediction, traders can navigate the market more dynamically, making informed decisions to capitalize on trends while managing risks. The platform ensures fast, cost-effective transactions using Optimism’s Layer 2 Scaling Solution, and offers comprehensive tools like real-time data analysis and customizable indicators.
Governance:
As of now, Polynomial Trade does not have a formal governance process established. This means there are no specific mechanisms or defined roles for governors within the protocol. The absence of a governance structure indicates that decisions regarding the protocol's development, updates, and operational changes are likely managed by the core development team.
Tokenomics:
Currently, Polynomial Trade does not have a live token in its ecosystem. However, the potential introduction of a token could offer significant advantages. A well-structured tokenomics could incentivize positive behavior within the protocol, such as rewarding early users or active participants, thereby fostering a more engaged and loyal community.
Previous Funding:
Polynomial Protocol has successfully secured financial backing through two funding rounds. In a Pre-Seed round on October 20, 2021, it raised $1.10 million, supported by investors like Archetype, Genblock Capital, and Caballeros Capital, with a total of nine investors. This was followed by a Seed round on May 11, 2023, attracting investment from Road Capital, Caballeros Capital, Archetype Ventures, and notable individuals like Kain Warwick and others.
