Polynomial is a decentralized derivatives exchange powered by the Synthetix protocol on the Optimism platform. The exchange allows trading with leverage up to 25x and has a faster and smoother user interface and lower fees compared to other derivatives exchanges.

Key features:

• Derivatives with huge liquidity and leverage up to 25x;
• The first DeFi Options Vault (DOV) that executes completely on-chain by selling options directly to AMM;
• Exchange of synthetic assets in the protocol itself. Using the unique pooled collateral model of the Synthetix protocol, users can trade with infinite liquidity and zero slippage.

Financing:

The project has raised $1.1 million from Archetype Ventures, Genblock Capital, Caballeros Capital and others.

Thoughts:

The project is partnering with Synthetix to launch a campaign that will distribute 300,000 OR tokens weekly for 20 weeks to Polynomial traders. A total of 5.31M OR (±$14.2M).

- Week 1 = 10,000 OP
- Weeks 2-3 = 100,000 OP
- Weeks 4-20 = 300,000 RP

Read more here.