One-Stop Option Agreement Polynomial Announces $1.1 Million Funding Closing
TokenInsight news, Polynomial, a one-stop option protocol, announced the closing of a $1.1 million funding round led by Acrylic, with participation from Genblock Capital, Caballeros Capital, and other institutions along with Quantstamp co-founders Don Ho, Richard Ma, Paul Veradittakit (Pantera Capital) and other individual investors.
Polynomial is an options liquidity aggregation protocol that alleviates problems such as high premiums on options on the chain by aggregating liquidity. The project plans to launch structured products to bootstrap liquidity and will launch two products, an income-based strategy, and a volatility-based strategy. polynomial plans to launch its beta network on October 30.