Polynomial will cease operations, with plans to restart the project in the future
BlockBeats News, February 15th, the DeFi derivatives protocol Polynomial announced in a post that the on-chain derivatives market has grown 100 times in recent years. While its core strategic direction was deemed correct, the execution fell short of expectations, leading the team to decide to gradually shut down its current operations.
Polynomial stated that the platform has accumulated data from 27 million transactions, has systematically identified product moats and key competitive factors, and will prioritize building long-term barriers to entry in the next phase. The team emphasized user fund security and will follow a standardized process to complete the shutdown.
At the same time, Polynomial stated that it will not give up on its mission to "achieve the large-scale implementation of on-chain derivatives" and will relaunch the project with the same team in the future, optimize the execution path, and provide existing users with priority participation rights.
BlockBeats previously reported that on May 11, 2023, Polynomial Protocol announced the completion of a seed round of financing. The specific amount of financing was not disclosed. Road Capital, Caballeros Capital, Archetype, as well as individuals investors such as Kain Warwick from Synthetix, Jordan from Synthetix, Scott Sunarto from eGirl Capital, Eden Au from The Block, Mike from Lyra, and Pranav from Graph participated in the investment.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Major Altcoin Cleanup: 18 Cryptocurrencies Delisted from South Korean Exchanges

Synthetix releases the 2026 roadmap, focusing on six major directions including stock buybacks and multi-collateral trading

The decentralized derivatives protocol Synthetix has officially launched its perpetual contract DEX on the Ethereum mainnet.

Synthetix is set to return to the Ethereum mainnet on December 17th, with SLP launching simultaneously.
Base Protocol Coin Launch, Is It Reliable This Time?

Suicidal Shorts and Nine-Digit Leverage: The Top 10 Boldest Trades in Crypto History

What does inclusive growth advocated by the BRICS mean?

Mark Karpelès on the Revolut case: they should not have sent the information

Why AI faces an immediately difficult choice: Nationalize or decentralize – AI’s 2026 slowdown dilemma

Crypto Aggressions: The Gendarmerie Details Its Strategy Against the Surge in Kidnappings

Mexico seizes 300 GPUs at suspected illicit crypto farm

Mexican Cartels Turn to Clandestine Cryptocurrency Farms to Launder Money

Martín Tobal, economist at the Bank of Mexico: "Relaxing monetary policy does not guarantee a real improvement in wages"

How Cryptocurrency Owners Lose Fortunes Due to One Mistake in the Blockchain

Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Cryptocurrency Transparency Bill Hangs Between Deal and Failure in the U.S. Senate

$19 Billion USDT Inflow: Expansion of Illegal Guarantee Networks in Southeast Asia

Trump's Envoy, Crypto Shareholder: The Double Game of Steve Witkoff

Crypto wallet creators now have just 24 hours to alert regulators when flaws are exploited

ETF: Ether Captures $216 Million, Bitcoin Funds Decline Again

Base tokenized stock volume reaches $100 million

Weekly: Trump's $5000 Promise, OpenAI's Millennium Challenge, Biden's Meme Coin Crash, and Changes in Ethereum Transactions

Uniswap extends DEX lead as volume passes $70 billion

Kazakhstan Launches KZTg Tenge Stablecoin on Telegram

Bitcoin: Goldman Sachs Changes Its View on Fed Rates

唐华斑竹: Tron Inc. Included in Russell Index, Institutional Holdings Increase

AI Agent Payments: How Far Has Korea Come?
![[Column] Can Staked Virtual Assets Be Recovered If the Business Goes Bankrupt?](/public-static/30_f8d737795f.png?format=avif)
[Column] Can Staked Virtual Assets Be Recovered If the Business Goes Bankrupt?

XRP as Financial Infrastructure Investment: Opportunities and Risks Identified by 21Shares









