"DeFi is hard to use and has high fees." The project set to completely overturn this image is the next-generation derivatives DEX, "Polynomial."

Polynomial is not just another decentralized exchange (DEX). It is an extremely ambitious project that aims for a user-friendly experience that surpasses that of centralized exchanges (CEXs), all while upholding the ideals of DeFi.

Its journey embodies the very evolution of DeFi. Initially making a name for itself within the ecosystem of the major derivatives protocol Synthetix, Polynomial realized the limitations of fundamentally improving the UX—specifically regarding gas fees and transaction speeds—on a "borrowed" foundation of existing infrastructure.

The decision they made was to break away from being just a dApp. Just as dYdX migrated to its own blockchain, Polynomial also chose the difficult yet bold path of launching its own infrastructure: the "Polynomial Chain."

This is nothing less than a manifestation of Polynomial's unwavering determination to deliver the best UX and abundant liquidity to its users.

The "CEX-level" trading experience that Polynomial offers is supported by two innovative technologies.

1. Polynomial Chain - The Foundation for "Zero Gas" and "Ultra-High Speed"

The biggest hurdle for DeFi users is complex and often expensive gas fees (transaction fees). The Polynomial Chain makes this problem a thing of the past.

By simply connecting their wallet, a dedicated smart wallet is automatically generated for the user, and all subsequent transactions are gas-free. This allows for intuitive, stress-free trading, much like on a CEX, without ever worrying about costs.

Furthermore, through integration with the leading oracle Pyth Network, it achieves an astonishingly low latency of 200 milliseconds. This provides a professional-grade trading environment capable of instantly reacting to rapid market movements. By shielding users from the complexities of the blockchain, this meticulous "hospitality" serves as a powerful weapon to attract the vast user base of CEXs to the world of DeFi.

2. Hybrid Order Book - The "Best of Both Worlds" of CEX and DEX

"I want to trade anytime without price discrepancies (slippage)." The "hybrid order book," which combines the efficiency of a CEX with the stability of a DEX, makes this trader's wish come true.

• Central Limit Order Book (CLOB) - A CEX specialty: Efficiently finds the optimal price.
• Automated Market Maker (AMM) - A DEX specialty: Ensures liquidity is always available for trading.

By combining these two, Polynomial has built a system where users can always trade at the best possible price. It is a truly ideal system that provides only the best results to the user, without revealing the complexity behind the scenes.

(Image: polynomial1)

A Suite of Advanced Features to Captivate Traders

Polynomial also comes standard with advanced features that meet the demands of professional traders.

• Native Cross-Margin: Share margin across multiple positions to dramatically increase capital efficiency.
• Up to 50x High Leverage: Execute bold and diverse trading strategies.
• Rich Order Types: Fully supports essential risk management orders like market, limit, as well as Stop Loss (SL) and Take Profit (TP).

Polynomial's vision is no pipe dream, and its past achievements speak volumes. The team's exceptional execution capabilities were particularly proven during its time as the main front end for Synthetix Perps.

At the time, OP tokens allocated for incentives from Optimism were left in limbo due to a shift in service direction. In a situation where many projects would have given up, Polynomial made a bold move.

"Let's reallocate these funds as user acquisition incentives for our perpetuals trading product."

This agile strategic pivot led to explosive success.

• Market Share: Skyrocketed from ~3% before the program to an average of 31% during the period!
• Trading Fees: Grew from $63,000 at the start to over $1.8 million by the end! A staggering 23-fold increase!

This episode is undeniable proof of the team's ability to adapt to changing market conditions and make accurate, data-driven decisions. Their skill in generating maximum returns from limited capital strongly suggests a promising future for the project.

Many users are focused on airdrops. Polynomial is meeting these expectations by already running a "Points Program" to visualize user contributions.

The Token is Un-issued, and That's Why There's an Opportunity

As of 2024, Polynomial has not yet issued its own token. However, a future Token Generation Event (TGE) is planned, and the current points program is strongly expected to be directly linked to a future airdrop.

The Shortcut to the Airdrop: "Polynomial Points"

These points are a critical indicator of your "share" in the future token distribution.

• Consideration for Past Contributors: Early users of products like Earn Vaults have already been awarded "Retroactive Points," showing a commitment to valuing early supporters.
• Tips for Earning Points: Past performance suggests that points may be awarded for every $100 deposited, and features like a "Boost Function" that doubles point accrual for long-term deposits have been indicated.

This is not a simple giveaway. It's a sophisticated mechanism designed to distinguish between short-term traders and loyal users who contribute to the project's long-term growth, ensuring the latter are better rewarded.

The secret to maximizing your future airdrop is not just to increase your trading volume, but to adopt the perspective of "how to contribute to the long-term success of Polynomial."

(Image: Polynomial2)

A project's success depends on more than just technology. Polynomial boasts a top-tier support system.

• Funding from Top-Tier VCs: Leading the round is Pantera Capital, alongside other renowned VCs in the crypto space like Archetype. This is the highest form of endorsement for the project's long-term potential.
• Support from Ecosystem Key Players: Incredibly, Kain Warwick, the founder of Synthetix—the very foundation Polynomial was built on—is participating as an angel investor. This signifies a powerful partnership that goes beyond mere financial backing.

An experienced development team and a solid financial foundation are powerfully driving Polynomial's ambitious challenge forward.

Polynomial's ambitions don't stop at recreating existing markets. They are developing a completely new and innovative financial product called "Power Perpetuals."

These are perpetual futures linked to the square of an asset's price (e.g., $ETH^2$), possessing return characteristics entirely different from traditional options. Their key feature is "convexity." Simply put, this is a product with the potential for profits to increase explosively (acceleratingly) as the price of the underlying asset rises.

This is a powerful statement of Polynomial's intent to be an "innovator" carving out the future of DeFi derivatives, not just a market "imitator." The day when traders from around the world flock to the platform for products "only available on Polynomial" may not be far off.

The perpetual DEX market is truly an era of fierce competition. Amidst this, Polynomial aims for victory with its unique "hybrid strategy."

Between performance-focused players like dYdX and Hyperliquid, and GMX, popular for its simplicity, Polynomial is targeting the "ultimate sweet spot" that appeals to both user bases.

With its proven execution ability on Synthetix and unparalleled innovation like Power Perpetuals, Polynomial holds the potential to succeed in its grand challenge of merging DeFi ideals with CEX convenience, carving a new chapter in the history of the derivatives market.

Why not join the forefront of this evolution?