Polynomial Chain: The Ethereum Layer 2 Solution for Derivatives
Polynomial Chain is an Ethereum Layer 2 solution specifically designed to enhance derivatives trading. It aims to address issues like liquidity fragmentation by providing a unified liquidity layer, supporting innovative derivatives trading with lower fees and faster transaction times compared to Ethereum's mainnet. This chain leverages Ethereum's security while offering a more scalable and user-friendly trading environment.
How Does the Polynomial Liquidity Layer Work?
The Polynomial Liquidity Layer is a key feature tackling the common issue of liquidity fragmentation in decentralized finance (DeFi). Here’s how it operates:
Unified Liquidity: It aggregates liquidity from various sources, including centralized exchanges, ensuring there's always enough liquidity for derivatives trading. This layer reduces slippage and provides deep liquidity pools for traders.
Hybrid Settlement System: Polynomial uses a hybrid system where some transactions are settled off-chain for speed, while maintaining security with on-chain settlements. This ensures trades are executed efficiently while preserving trust and security.
Cross-Margin Trading: This feature allows users to leverage their assets across different markets at the same time, optimizing capital utilization and potentially increasing returns.
What is Polynomial Trade and How Does it Work?
Polynomial Trade is the flagship application on the Polynomial Chain, designed to deliver a trading experience akin to centralized exchanges but within a decentralized framework:
Gasless Trading: Users can execute trades without worrying about gas fees, making trading more accessible and less costly.
Perpetual Futures: It supports trading perpetual futures contracts with up to 50x leverage, featuring a sleek UI and tools like TradingView charts for strategy development.
Native Cross-Margin Capability: Traders can manage multiple positions with one collateral pool, enhancing trading flexibility.
Security: Built on Ethereum's infrastructure, it uses technologies like Account Abstraction and Session Keys for a seamless and secure trading environment.
What are Polynomial Points?
Polynomial Points are a reward system within the Polynomial ecosystem. Users earn points by engaging in activities like trading, providing liquidity, or participating in governance. These points can accrue rewards, offer platform benefits, or be used in future airdrops or promotions. They are part of Polynomial's strategy to incentivize user participation and ecosystem growth.
Explain the Ongoing Trading Fest (OP Rewards Campaign)
Currently, Polynomial is running a trading fest known as the OP Rewards Campaign:
Earning Points: Users can earn up to 1 million points daily by trading on Polynomial Trade. Points are awarded based on trade volume, with higher volumes potentially earning more points.
Rewards: These points can be converted into OP tokens or used for other rewards within the Polynomial ecosystem. This campaign is designed to boost trading activity, enhance liquidity, and attract new users by offering tangible benefits for participation.
Duration and Goals: The campaign runs for a specific period, aiming to increase the platform's visibility, user engagement, and overall liquidity. It's a way to give back some of the value to users who contribute to the ecosystem's vitality.
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