Polynomial Trade is an on-chain derivatives platform with a focus on perpetual futures, enhanced by the security of the Synthetix protocol and the Optimism Network. Its distinctive approach using polynomial functions for price prediction allows traders to make more dynamic market decisions. Although currently without a governance structure or a live token, the potential introduction of a token could benefit the platform by incentivizing user engagement and capturing value. Polynomial has raised two successful funding rounds, raising $1.10 million in a Pre-Seed round and securing further investment in a Seed round, with backing from several notable investors and capital firms.
Hourglass is a protocol that offers liquidity solutions for time-bound and semi-fungible tokens. It consists of two main components: Hourglass Boost and Hourglass RFQ. In Hourglass Boost, users time-boost their assets and receive time-bound tokens (TBTs) as receipts for assets locked in a vault earning boosted yield. Hourglass RFQ is a marketplace that connects market makers with protocols to trade these tokens, making it easier to unlock liquidity.
Ionic is a non-custodial money market protocol offering unparalleled control and security to its users through a code-centric governance model. Ionic differentiates itself with a novel Point System, rewarding users for contributing to the ecosystem without issuing a conventional token. This system encourages engagement through lending, borrowing, and referrals, with varying points potential for different activities. The project is entirely self-bootstrapped, relying on its resources for development without external funding. This approach underlines Ionic's commitment to innovation and self-sustainability in the competitive DeFi landscape.
