what's polynomial?
Polynomial is a decentralized finance (DeFi) protocol designed for derivatives trading, with a focus on perpetual futures and options. Launched on the Optimism network, it integrates with Synthetix for deep liquidity and Pyth Network for reliable price oracles, enabling traders to access markets with low fees (5-10 bps) and minimal slippage. The platform supports a variety of collateral types and features like Earn Vaults built on Lyra Finance, allowing users to provide liquidity and earn yields in a non-custodial manner. Polynomial has expanded beyond its initial trading interface to introduce Polynomial Chain, an Ethereum Layer 2 solution optimized for high-throughput derivatives trading. This includes a native liquidity layer to facilitate seamless scaling and interoperability within the Optimism Superchain ecosystem. Users can stake assets, participate in trading competitions, and accumulate points through seasonal programs, fostering community engagement and rewarding active participation. The protocol emphasizes robustness, as demonstrated by its handling of large-scale liquidations without downtime, and continues to innovate in the perp DEX space by supporting zero-fee trading events and diverse collateral options.
Polynomial partnered with 0xfluid to launch Yield Markets for idle staked liquidity on Feb 4.
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x.com/polynomialfiShut down operations on February 13th, 2026, after processing $4B+ volume, 27M+ transactions, and reaching $8M TVL at peak.
Partnered with 0xfluid to introduce Yield Markets, enabling staked liquidity to earn yield when idle, scheduled to go live on February 4, 2026.
Launched stock perpetuals trading for NVDA, TSLA, HOOD, PLTR, GOOG, and COIN with 100x leverage and cross-margin capability alongside crypto, indices, commodities, and forex.
Platform launches Basis Trade functionality enabling users to earn funding rates by depositing ETH or BTC and shorting corresponding perpetuals at 1x leverage.
Platform adds $MON (Monad) perpetual trading with up to 10x leverage.
Polynomial requires an essential protocol update (op-node v1.16.2 & op-geth v1.101603.5) for Optimism's Jovian hardfork activation and superchain registry changes.
Deploys 55,000 $OP tokens as a retroactive reward to stakers, with immediate availability and no claiming process required.
Season 2 launches live on Ethereum on October 31st.
Platform adds traditional market perpetuals including SPX, Gold, Oil, and Forex with up to 20x leverage using crypto as collateral, powered by Pyth Network integration.
Polynomial Perp DEX integrates with a third-party trading platform, creating a 369.01% APY arbitrage farming opportunity using $AVNT token through long positions on Lighter and short positions on Polynomial.
Platform launches on Layer3 (layer3xyz), expanding its ecosystem presence with SOCKET-powered infrastructure.
Rewards from the Weekend Pump trading competition are now claimable.
Platform crosses $1.5B in cumulative trading volume milestone.
Platform hits all-time high trading volume during 'Weekend Pump' event offering surprise rewards for traders placing at least one trade.
Zero-fee trading launches for ETH and BTC perpetuals, while the trading points program enters its final month before ending.
New partnership with Aster DEX goes live, adding another perpetual trading exchange to the platform.
Protocol demonstrates high-performance gasless trading with 500 trades processed in 5 seconds.
$WLFI launches with 20x leverage trading and Pyth Network integration for price feeds
New 3-tier referral system launches enabling earnings from direct referrals and two levels of indirect referrals' trading activity.
New passive earning feature launches with up to 9.2% APY on collaterals including ETH, solvBTC, wstETH, weETH, rstETH and cbBTC
$5B trading volume milestone reached with launch of Fusion hybrid orderbook system
New social trading feature launches enabling users to view and copy top traders' PnL and strategies.
$ARKM now available for trading with 20x leverage and capital-efficient margin
rsETH perpetual trading launches on platform with leverage capabilities for restaked ETH.
$TON token now available for trading with 20x leverage and margin capabilities.
Builder Kit released enabling custom exchange deployment with volume-based revenue sharing
$ZRO token launches with 20x leverage and capital-efficient margin trading capabilities.
$AERO governance and utility token from Aerodrome Finance now available for trading.
USDS stablecoin integration now live on platform.
USDT now available as margin collateral for 50+ trading markets with Nitro execution.
B3 market launches with multi-collateral support and nitro execution powered by Pyth Network.
FIL token now available for trading with Pyth Network price feed integration.
ZETA trading now available with Pyth Network price feed integration.
APT trading now live with Pyth Network integration for price feeds.
Stacks ($STX) now available for trading with multi-collateral support and Nitro execution
MERL token market launches with multi-collateral margin trading support.
VIP tier system implemented with instant access for traders exceeding $5M monthly volume.
New DeFi infrastructure achieves $5B+ volume with 74% APR through combined OP rewards, funding yield, and trading points.
weETH now available for yield farming at 11% APR; cbBTC APR adjusted to 33%
WalletConnect Token ($WCT) now available for trading with Pyth Network price feeds.
$SOLV token launches with multi-collateral margin and Nitro execution features.
New partnership with Chain Risk enables real-time risk simulation for perpetual trading.
Layer3 quest ends in 2 days, offering combined rewards of APR, $OP tokens and multipliers for deposits.
cbBTC now supported with 65% APR yield farming opportunity and $OP rewards
ALT token trading now available with 20x leverage, cross-margin, and multi-collateral support.
New APE token market launches with 20x leverage and multi-collateral support.
Multi-collateral feature now supports SolvBTC and weETH alongside previously announced ETH and wstETH
Direct ETH trading now available as part of multi-collateral support offerings.
Multi-collateral trading feature includes yield preservation and 100k $OP rewards.
New wstETH integration launches as part of the multi-collateral trading program.
New protocol version reaches $1M TVL in 8 hours, launching with multi-collateral support and OP rewards.
180K $OP distributed to traders/stakers, with additional earning opportunities through social tasks and referrals.
New trading rewards program launches with POAP NFTs and Discord roles for top performers by PnL and volume.
Trading competition concludes with $12.9K top PNL; winners receive $OP tokens and VIP access.
Live trading competition launches with exclusive rewards through SocketSociety partnership.
7-day trading competition offers 5,000 $OP and POAP rewards, starting 1PM UTC tomorrow.
Offering almost 20% APR on sDAI and sUSDe plus Points token incentives. Platform provides liquidity layer without capital protection.
Distributing 7500 OP weekly for traders (daily distribution) and 7500 OP for staking before TGE.
Offering up to 60% net APR yield through SOCKET integration.