Polynomial Trading Season was designed to build a community of traders around Polynomial Trade. We’ve had quests in collaboration with protocols like Liquity, Floki, Timeswap, Stader Polygon and Clique.
We’ve also extended our reach to include users from other exchanges like DYDX, GMX. This initiative has successfully attracted a plethora of new traders to both Polynomial and the Optimism ecosystem at large.
At Polynomial, we exercise caution when deploying our $OP grant, maintaining full transparency by regularly updating the community through the forum and socials.
Growth is a universal goal among decentralized exchanges, While acknowledging this, we’ve timed our trading seasons to synergize with incentives from Synthetix. This approach has proven effective as we have been able to generate fees while spending only as much as we need to.
Extractive users gaming an initiative is a very old tale, and mitigating this is hard - even the biggest airdrops on-chain regularly fail at this even with anti-sybil reporting given the scale at at which they operate. To expect complete eradication of bad actors is hard in a decentralized setting, but rather the goal is to make it increasingly hard for such actors and we’ve strived to do so by introducting trader levels and NFTs as barriers.
The levels and NFTs have helped us in other ways as well, during the season 44 traders have done $10m+ in volume, and a good chunk of them have been active on our discord providing us with valuable feedback on the product.
Ideas for refining the trading season to align better with collective goals are most welcome. We view this as a win-win for both the Optimism ecosystem and our protocol.
Please don’t hesitate to reach out on the forum or DMs.
Overall, our trading season has been a tremendous success. While there might have been minor setbacks, we are fully committed to evolving and enhancing the experience moving forward.