We are pleased to announce our next AMA on August 9th, 2022 at 03:00 PM UTC Time: Satoshi Club x Polysynth
⚠️Click to see the hour
⚠️Total Reward pool: $500
Requirements:
Join Satoshi Club Telegram group
Join Polysynth Telegram group
Join Satoshi Club Discord server
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Polysynth Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Polysynth
For more details:
Polysynth Website – polysynth.com
Polysynth Telegram – @polysynthcom
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Polysynth offers a simple way for users to earn yields via depositing assets into structured products, which removes the trading efforts and complexity. And i learnt one of your Amazing future you have in Polysynth is the “DOVs” (DeFi options vaults) which makes it easy for users to deposit their money and make 20-30% APY on the deposited assets (USDC/ETH/BTC). Well, it is very important to Consider how your platform would Generate these 20-30 APY. So what i wanna know about these DOVs is how it would generate the APY of 20-30%, since it was stated that the APY is paid in the deposited assets which is ETH, BTC, or USDC, as the case may be. I would like to know the Kind of Mechanism that enables you to give such returns. And would you consider Making Deposit with other Tokens such as SOL, LIT and other Alt coins?
Thanks
I would like to talk about the $POL token, which is said to be a utility and governance token that allows the Polysynth Community to truly own and govern the Polysynth protocol. Can you please tell us how holders of these Tokens Acquires Voting Rights in your Ecosystem? how many of the $POL Tokens would a user hold before being able to Participate in the Governance of your platform? Now apart from the Use case of Governance, what other Utilities does the $POL tokens Enables? can you tell us the Various ways in which users of your community can Acquire these Tokens? Do you have any events in your ecosystem that would enable users to easily earn the $POL Tokens? Is there going to be any form of Benefits in Holding the $POL tokens?
Thanks
Thank you for allocating 40% from the total $POL supply for the community. Can you please elaborate more on this allocation? What are the usecases of these funds? Which type of events will be conducted for the community? Let us know whether free members are eligible to receive rewards from these funds. How can I increase my share from this allocation? Since 40% is not a small portion, distributing rewards at the same time can generate a sell-off situation. To avoid this issue, do you have a proper vesting schedule? In addition, do you offer more rewards for $POL holders to encourage holding rather than selling their rewards for profit? Finally, why did you decide to allocate the greatest percentage of the total $POL supply for the community?
I am curious to know more about your referral program. I read that there are no prerequisites for sharing the referral code and any user can simply generate a unique referral link by connecting the wallet to Polysynth. To receive referral rewards, should we have funds in our wallet? Or can we use your referral program as a free earning opportunity? According to the reward calculation, referrer will earn 25% of the management fees when friends join from the referral code and deposit assets. Is this a one-time reward? Or do we get rewards continuously when friends deposit assets? When calculating rewards, do you only consider direct referrals?
I noticed that holders of $POL or $sPOL receive a trading fee rebate based on the size of their current holdings. When I am holding both $POL and $sPOL, do you calculate my holdings as a whole? For example, if I have 1,000 $POL and 1,000 $sPOL, is my holding amount 2,000? If I withdraw $POL or unstake $sPOL, will my rebate be changed at the same time? It caught my attention that the maximum rebate is 50% and a user should hold more than 5,000,000 tokens to get that rebate! Doesn’t this rule encourage whales? In addition to holding $POL or $sPOL, are there any methods to get a lower fee on Polysynth?
Hello Polysynth Team.
I have taking my time in looking at one of your Exciting Features, which is the LEVERAGED OPTION VAULTS.
Talking about your Leveraged Options Vaults, i noticed that its actually the FIRTS of its Kind in the Industry which would allow Investors to earn upto 376%. APY using the Leveraged Option Vaults at 5X Leverage, well to be Frank, 376% APY seems Very Unheard Of. Therefore can you tell us more about these Features? How where you able to come up with it? Is these Is the LEVERAGE OPTION VAULTS RELIABLE? How would users make use of it? What kind of Assets is Compatible with it? Is the LEVERAGED OPTION VAULTS ready to use in your Platform?
Talking about the SECURITY in Polysynth ecosystem. As good as your platform is. We all know that Security Is the most Important aspect of any Ecosystem, and as i went through your Platform, i wasn’t able to see anything regarding Auditing and Smart contracts. Knowing that Smart contract, auditing and blockchain security are essential services in the freer, fairer Web3 world. A meticulous smart contract audit is the best way to confirm the security of a project before it goes to launch. So can you tell us if your Platform has been fully Audited? If Yes, What Auditing Company did you use? If No, Please tell us when you plan on completion of your Audit
In Your ROAD Map, I noticed that you have launched V1 of Perpetual Futures in March 2022, which now has a cumulative trading volume of $200mn+. Although knowing that you are currently working on Perpetual Features V2, which was said to be with more Advanced features such as 150X leverage, infinite asset classes, multi-asset collateral support and limit & stop-loss order types etc. I am really excited about the Perp V2, so can you elaborate more on when you plan to Launch the V2? What other Amazing Features are users of your platform expected to See before of after 2022?
I understand that you have a referral system and for every successful referral, both me and my friend will earn $50 worth of $POL which has a total supply of 1,000,000,000 tokens. And also a successful referral is counted when the friend trades with at least $1000. Can you provide more information about your refer to earn feature? How can a user be eligible to refer his/her friends? Must a user trade with $1000 worth of $POL or he can trade with any tokens for the referral to be successful? Is there a limit to which users can refer? What percentage of the total token supply is allocated to rewards? Can we trade and withdraw the awarded $POL immediately?
I noted that the Polysynth protocol aims to be owned and governed by its community. All POLies are responsible for ensuring that governance decisions are made to grow the protocol in compliance with applicable laws and regulations. Can you give us detailed information on your DAO governance system? How does it work? How does one become a member of the governance system? What are the requirements to be eligible? What voting structure do you deploy in Polysynth? What are the rules and regulations that influences the decisions of the DAO?
Hello Friends – I observed some salient features of Polysynth Tokenomics are TIME BASED daily vesting schedule. Could you please explain to us how this feature works ? How does Polysynth Tokenomics revolves by TIME BASED daily vesting schedule and what is the expected hours per day that is required ? Please tell us, with regards to TRADING REWARDS linked to fees and OPEN INTEREST of Polysynth Exchange as another salient feature of the Polysynth Tomenomics, could you please give us elaborative information on OPEN INTEREST on Polysynth Exchange and what is all about ? Lastly, with regards to the STAKING STREAK, how often or continuous in staking is a POLIES required and when could it be said there’s a break in the streak ? And please give us a sneak peek about VETOKENOMICS in pipeline as also one of the salient features of Polysynth Tokenomics ? Thanks
Hello polysynth, just yesterday you were so excited to announce partnership with BICONOMY and you mentioned that this partnership will enhance the interoperability of assets across EVM L1 and L2 for investors. with this excitement we know it will bring something good. So can you tell us about BICONOMY? What are their values? How will they implement your vision of enhancing interoperability of assets across EVM L1 and L2 for investors? How are your goals aligned? How will this partnership impact your reputation? And Will there be more partnerships in the future?
With a mission of bringing 100 million new users to DeFi derivatives over the next decade, you are building the highest quality and far reaching knowledge repository for people looking to make the most out of DeFi, thus introducing to us POLYSYNTH ACADEMY. this is a great opportunity for users. Can you tell us more about this POLYSYNTH ACADEMY? With so many academy like this in the crypto world how is yours different from the rest? What programs/courses will be considered in the cause of this academy? How will the courses be assessed? What are your entrance requirements and admission procedures? And lastly when will the classes kick start? Please tell us.
Polysynth, you believe that people who create value should get to participate in the upside. This belief have led you to pioneer a TRADE TO EARN MODEL. I will like to understand and learn how this model work to utilize the opportunity. So please can you shed more light and give full details on how your TRADE TO EARN MODEL work? I read the trading rewards are up to 100% APR on the trading fees alone and we can further stake this reward to earn even more and not only trading reward we will also have the arbitrage reward. Please explain how both rewards works and how we can trade to earn them. Also please explain your staking protocols
Hello Polysynth Team
I read that Polysynth Protocol is the first Perpetual Futures Exchange on the Polygon Network enabling users to express their views on the market and earn in all market conditions. How does Polysynth help users earn in a market dip? Being the first Perpetual Futures trading options on Polygon; for some of us that has little or no idea of perpetual futures, can you explain what it means? why choose Polygon for this purpose? As compared to other futures trading exchanges and similar projects, what features makes Polysynth a preferable one for users? As a newbie to perpetual futures trading, how do I get started on Polysynth, how much funds do I need and what is the fee structure (buy and sell fees) of the exchange?
I am curious to know more about Arbitrage rewards. The amount of $POL tokens distributed to the arbitrageurs is based on a formula that rewards a combination of fees paid, converging arbitrage volumes and total converging volume in the epoch, and staked $POL tokens held. Can you briefly explain about this formula? How can I maximize my Arbitrage rewards? Compared to the other platforms that offer a this kind of reward, how does your mechanism differ and what are the benefits?
Can you elaborate more on Polysynth Academy? Although almost all platforms offer education materials relevant for their own projects, it seems Polysynth offers a general knowledge about the field. I read that your mission is to bring 100 million new users to DeFi derivatives over the next decade. Can anyone join the academy without paying an admission fee? Are there any chargers related to each topic? Further, users are invited to contribute to the Academy by adding contents or new topics. Do you offer rewards for these contributions?
Hello Polysynth Team
I had gone through your Docs and I see the general idea of the polysynth platform, it’s a very interesting one. KUDOS for this great innovation.
Some unique benefits of the Polysynth DOV includes; A wider range of structured products, tool for DAOs to earn on their treasury and DOV Rewards. In this course, list out some products offered by Polysynth that enables users earn across all market conditions. Can you give us a sneak peek of strategies that will be introduced in your expansion plans? Give an explanation on the DAO and it’s relation to treasury. Lastly, speaking of the DOV’s rewards, can you give details on how the rewards are structured and distributed to users (what benefits awaits investors/$POL holders from DOV)?
You have introduced a bug bounty program during the previous year. The link to the program is still available and the reporting form is also working. Is the program still running? If yes, please let us know about the nature of bugs we need to report. Briefly explain about the rewarding mechanism too. In addition to this bug bounty program, are there any events such as social media bounties and airdrops?
Hello Polysynth Team
I had gone through your Docs and I see the general idea of the polysynth platform, it’s a very interesting one. KUDOS for this great innovation.
I observed two main options strategies offered by the Polysynth Protocol which are; Covered Call Vault and Cover Put Vault. Can you give a basic description on each of them? How do they work and how do they help users earn across all different market conditions? Can you compare the Pros and Cons of each of the Covered Call and Covered Put Vaults? Are the risks associated with these strategies considerably low? What are their potential benefits and risks? Will you be introducing more strategies?
I learnt that One of the unique benefits of Polysynth is that it provides a wider range of structured products to earn across all market conditions. On Polysynth, in addition to a wider range of products, there will also be different versions of strategies with varying risk-return payoffs based on an investor’s risk appetite. Can you brief us on the the structured products on Polysynth and how a user can access them? Can you explain how this structured products are going to enhance the yields or principal protection of investors ? Where can a user get the historical performance of the strategies ? Lastly, you mentioned that Polysynth back tested the strategies with the last one year price data, Can you provide a summary of the information about the results gotten from the back testing carried out on the strategies?
While going through your docs, I observed the Polysynth Protocol technical architecture. The Polysynth’s Option Vaults architecture comprises of the integration between the Polysynth Option Vault contracts and Opyn Protocol. Can you enlighten us on the Opyn protocol? What is the extent of your association/partnership with Opyn protocol? Why decide to integrate the Polysynth Options Vault Contract and Opyn protocol? What exact function does the Opyn protocol offer? How does this integration pose maximum benefits for the platform users? Lastly, describe the working mechanism of the Polysynth options vault.
Good day polysynth team…..
Why is the option complex in the massive market in Tradfi and why do you need to consider the multiple strikes, expiries and several other factors by investors?
Let’s talk about your strike selection mechanism. Please enlighten us on the mechanism. How does the Strike selection mechanism work? Since selection of the right strike is very critical, how do you aim to achieve this? How will you ensure that the strike selection mechanism is autonomous, decentralised and scalable? The full mechanics of the strike selection model is as follows: Estimate Implied Volatility, Fetch Spot Price and Input Pre-Defined Delta Value. Please explain all three mechanics mentioned above, thanks.
Depositing assets into LP pools makes the treasury susceptible to impermanence loss,what have you put in place to avoid such losses… Thank you
Let’s talk about the leveraged Option Vault. I understand that with the leveraged Option Vault, users can boost their APY up to 5X by taking leverage or earn 10%+ APY by contributing to the lending pool. Elaborate on the leveraged Option Vault, briefly describe it’s working mechanism. with what objectives have you designed this vault? Since you mentioned that users can get upto 5× APY, under what conditions can a user get the maximum boost of 5× APY? You mentioned that there are two main participants under the leveraged Option Vault, they are; Lenders and Investors. Give us more details as regarding the functions served by these participants, how do I become either a lender or investor? Can I be a lender and investor at the same time? What various benefits is associated with these participants (lenders and Investors)?
Good day,
I clearly noted that Polysynth strategies are back tested over the last 12 months data (Polysynth backtested it’s strike selection strategy using the last one-year data on ETH). Can you share the backtest results with us? What are the performance metrics(for Ex. APY and total premium collected etc for each delta Value used) ? What strategies was the best in accordance to the results obtained from backtest? What problems did you observe during the backtest and what are the proposed solutions?
Good day,
I looked at the Polysynth platform fees and I noted that the fee structure consists of a 2% management fee and a 10% performance fee. If the weekly strategy is profitable, the weekly performance fee is charged on the premiums earned. If the weekly strategy is unprofitable, performance is not charged. Firstly what does management and perform fees mean and where are they applied? Since you stated that the performance is charged depending on the profitability of the weekly strategy, under what conditions do you consider the weekly strategy as profitable (what interest/yield should the weekly strategy attain to consider it profitable)? Is there a possibility that there is a loss instead of a profit? What are these fees (management and performs fees) uses within the platform, how are they allocated? Also, is the management fee charged dependent on weekly profits too?
Good day,
Can you guide us through the process of making the most out of Polysynth Option Vaults? Briefly describe the Deposit and Withdrawal mechanisms, how do I go about these processes? You mentioned that there are two types of withdrawal offered by the Polysynth DOVs, what are these withdrawal types? What are their differences? Under what conditions is each of these withdrawal type based? Is the process of funding and withdrawal the same for all the vaults offered?
Please tell me more about your referral program; . According to what I’ve read, anyone may create a special referral link by linking their wallet to Polysynth and posting their referral code without any other requirements. Should we have money in our wallets in order to obtain referral rewards? Or is there a way we may earn money for free through your referral program? When friends join using the referral code and deposit assets, the referrer will get 25% of the management fees, per the incentive computation. Is this a recurring bonus? Or do we continue to receive incentives when friends put money? Do you solely take into account direct recommendations when determining rewards?
This person always copies People questions. This is Mudarasilva’s question
Hello, the Polysynth team.
One of the directions of your project is to provide users with access to options. However, options are an incredibly complex tool even for investors who have been in the market for a long time and even know how to trade futures with leverage. Please tell us how you are going to popularize this type of investment activity? how should I learn to trade options and where should I do it?
Discussing the environment of Polysynth’s SECURITY.As excellent as your platform. We all agree that the most crucial component of any ecosystem is security, yet when I looked through your platform, I couldn’t find anything about auditing or smart contracts. Realizing that in the freer, more equitable Web3 environment, smart contracts, audits, and blockchain security are important services. The best method to ensure a project is secure before to launch is through a thorough smart contract audit. So, can you let us know if your platform has undergone a thorough audit? If so, whose auditing firm did you hire? If not, could you please let us know when you intend to finish your audit?
Copy question
Ivanna Cahya’s question
Hello, the Polysynth team.
In trading with leverage, the liquidity in the glass is very important. In case of insufficient liquidity, even a small amount can greatly affect the price, which in turn can cause liquidation of both the long and short positions of the trader. It happens that even on centralized large exchanges there are squizzes that are not available on others. How are you going to provide liquidity for trading and protect traders from squiz that are not market-wide?
Hello, the Polysynth team.
At the moment, I know several projects that allow trading futures with leverage. However, in my memory, the largest leverage with which it is possible to trade is x25. One of the most popular centralized exchanges until the previous year allowed trading on the shoulders of x100 and x250. And this opportunity was very popular. Tell me, do you plan to increase the leverage in the future and by how much? When are you planning to introduce this?
Can you provide additional details about Polysynth Academy? Although practically all platforms provide educational resources pertinent to their respective projects, it appears that Polysynth provides a general understanding of the industry. According to what I’ve read, your goal is to introduce 100 million new users to DeFi variants in the upcoming ten years. Is it possible to enroll in the school without having to pay a fee? Are there any fees for each subject? Users are also encouraged to contribute to the Academy by adding new subjects or contents. Are there any incentives for these contributions?
Not too long, you unveiled the Treasury Management Solution for DAO Treasuries and you said projects can use this Management Solution to ensure effective management of project treasury tokens without having to sell them. Can you explain more about this innovative Management Solution which you described as a first of its kind and how/why project should use it to manage their DAO or native tokens? How does it enables DAO treasuries to achieve Treasury Diversification and in what way will this asset Management Solution ensure a Downward Price Protection?
Way back in March, you launched the V1 of your perpetual Future but I understand that you are currently working on Perp Future V2 which you promise to release later this year with more advanced features. Can you share the achievements of the current version in terms of deployment, acceptance, trading features and transaction volumes accumulation? Why is Perp V2 necessary and what are the advance features that it will come with which will enhance trading experience for traders? Apart from this, what other exciting features have you incorporated into your roadmap which will be released in the near future?
Derivative/Synthetic Trading is more difficult to understand for an average crypto users. This has made many to focus on Spot Trading due to lack of understanding of Derivative and Option Market. I learnt that you have your own Academy which can enable users to have a better grasp of derivative markets and write options in just 5 clicks. Can you explain more about your efforts towards educating users and how users can access your academy in order to leverage on available resources from your repositories to better their trading endeavour? Apart from this, do you have a trading mentorship program and are there possibilities for copy trading from proven experts for both newbies in crypto or in the derivative markets?
One of Polysynth mission is to bring 100 million new users to DeFi derivatives over the next decade.To fuel it, you’re building the highest quality and repository for people looking to make the most out of DeFi .Where and when will class be held?And will videos be available during the course for clarification and in-depth analysis of the topics to be discussed?For those who contributes or add topics this, will there be incentives given to them? Thanks
Polysynth DOVs will support a range of option strategies so that you can earn yields regardless of market conditions. Whether it’s a falling market, rising market, stable market or a highly volatile market .So can you expaciate on the OPTION THEORY and the OPTION STRATEGY module?How can this options aid users to earn no matter the market condition?I also read about your Refer and earn where a total of 3,500 POL Tokens and 60 Nerdy Ostrich NFTs will be up for grabs during the voting period for the referrers and referees.I would like to know,is this program still on or it has already ended?Which of your social media handles can one participate in the Refer and Earn program? Thanks
I read that Polysynth is powered by Polygon but is built on Opyn an option trading platform.So can you tell us why you decided to build on Opyn a project that is not familiar by most persons,what’s so unique about them?As being powered by Polygon,can you tell us the benefits of using Polygon?Have you also consider cross-chaining between other blockchains?You also mentioned that as being powered by Polygon,there will be a multiple versions of popular strategies with different risk-return payoffs for users to choose from,which will be unveiled soon.So can tell if this features have been already revealed? Explain thanks
What caught my attention is Polysynth Grants Program,such programs are usually done to support and elevate other new crypto projects to reach their potentials.So how many projects have you supported to help them achieved their desired goal?What are the Grants Categories you have and also the Grantee requirements for such projects to be eligible to gain your supports?How do you intend to keep on supporting new projects?Is this Grant Program also meant for the Polysynth community?If yes tell us how users can benefit from it and the amount of $POL allocated for such program.Please provide more information about this event. Thanks
I read about the Polysynth Leveraged Options Vaults and you mentioned that polysnth leveraged options Vaults are a truly next-generation offering, the first of its kind in DeFi, enabling investors to leverage their collateral and boost the APY by up to 5X. What are the objectives and functions of the Leveraged Option vaults? Also in the leveraged option vaults there are two main participants which are the Lenders and investors, Can you tell us more about how the Leveraged option vault works for a Lender and an investor?
I saw from an article of yours about options strategies on polysnth based on Polygon users can stake and also earn with in all market conditions which are the covered call vault and covered put vault. Can you talk more about the Option strategies and How it works? What are the features and benefits of These strategies that investors should look out for? What are the difference between these strategies and would there be more options strategies in the future so users can have other options to choose? Thank you
I understand that Polysynth Protocol is an exchange for trading synthetic assets and their perpetual futures, giving its investors access to a global set of stocks, commodities, currencies, bonds, ETFs, index funds, interest rates et al. all while staying in the crypto ecosystem. Can you tell us mode about the Products of the Polysnth protocol and How it works? What are the features/benefits and competitive advantages of Polysnth protocol over other synthetic assets protocols? I also read that Polysynth protocol has minting or trading fees, Why have you Decided on free Minting fees and How will you then generate revenue for your project? Thank You
Can you tell us about some of the outstanding benefits of POV in general? Why should we choose POV over other available option protocols in the industry? What actions does the Polysynth platform play an active role for individuals or institutions to do in order to meet financial requirements? Can we say that it provides one of the world’s first derivatives ecosystem offerings that can run entirely on-chain for the Polysynth platform?
What are the safest tools and ways that they offer their holders and investors so that they can really achieve high returns without being affected by volatile markets, what is the hardest work and most latent risks that the platform faces to meet its objectives and what are its recommendations to investors so that they effectively maintain control of their profits?
While researching Polysynth, I noticed that it works according to the VMM model. So, while almost all of the Polysynth-style projects in the market today are based on AMM, what were the factors in choosing the VMM model for Polysynth? Can you tell us about the advantages and benefits that the VMM model brings to the Polysynth project as Scalability, Composability and especially Innovation, unlike the Order-based model that is trending today?
What are the commercial pairs available up to now, can BSC currently or will be incorporated, what is the level of interoperability and scalability that they have planned to achieve, what do you consider to be the aspect that should be developed or improved with the highest priority to accelerate their consolidation in the market?
Reading about you I found it very interesting that you at Polysynth care so much for the welfare of the people who work with you, giving either paid vacation, flexible hours, workshops and conferences, among other very interesting benefits. My question before all this is: are you currently looking for people to join your team? what is the profile of an employee that you want in Polysynth? the remote work implies that you can accept people from all over the world?
Thank you so much!
Among the products you offer at Polysynth is perpetual trading, which allows us to go long or short in perpetuals of our favorite assets with up to 10x leverage. Why did you choose this leverage limit on your platform? Why only go up to 10x? Do you think that at some point you could increase that leverage figure if your community suggests it?
Thank you!
I read in your most recent news that Polysynth has established a partnership with Biconomi, but it was not clear to me what the purpose of this collaboration is. Exactly what aspects of Polysynth do you expect to boost thanks to this partnership in the short and medium term? Will we, the users, see some changes soon in your platform thanks to this joint work of both projects?
Thanks!
The Polysynth protocol is the first DeFi Options Vault (DOV) as well as the first perpetual futures exchange on the Polygon network, allowing you to express your views on the market and earn in all market conditions. Thanks to Polygon technology, we can make it easy. What is a DeFi Options Vault (DOV)? What are the characteristics of these DeFi Options Vaults (DOV)? What are the options offered by the DeFi Options Vault (DOV)?
The authenticity of DOVs lies in their simplicity. Investors simply deposit their assets into vaults that deploy the assets into option strategies. What are advantages of Polysynth’s DOV? How do Polysynth DOV vaults differ from other vaults on the market? Advantages and benefits?
Polysynth features Perpetual Futures: These are futures contracts with no expiration that allow traders to speculate on the price movement of an underlying asset without actual ownership of the underlying asset by buying (long) or selling (short) the contract. Can you explain how perpetual futures actually work? What are the benefits of perpetual futures? Why enter perpetual futures?
I understand that Users can use the Polysynth SDK for python to fetch data, place trades and manage positions on Polysynth Protocol. Can you share more information about Polysynth Software Development Kits(SDKs) and how users can access them? I also noted that these SDKs are composed of two key python packages which are web3 and Polysynth, can you explain on these two software packages contained in Polysynth SDK and their Functionalities?
I understand that you want the Polysynth protocol to be owned and governed by its community and in order to distribute supply, you designed trading rewards, arbitrage rewards and staking mechanisms through which all contributors to the protocol can get part of the supply in a fair and evenly manner. Can you explain on your trading rewards, arbitrage rewards and staking mechanisms and how they would work individually as part of the protocol and also ensure all contributors get supply in a fair and evenly manner? What are the minimum requirements for a user to make new proposals and vote on existing proposals?
During Highly Volatile Market conditions, slippage and delayed execution can result in some accounts having a negative balance post-settlement. To ensure the solvency of the system in this event insurance fund is used as a backstop. Can you explain on how Polysynth Insurance Fund works to effectively to avoid user having a negative balance post-settlement due to high amount of leverages, slippage and delayed execution? Can you also share on how the insurance fund account is Funded? Would the insurance Fund account and its activities be publicly auditable and verifiable? Lastly, would the insurance fund be decentralized or would the Polysynth team be directly responsible for deposits and withdrawals? Are there plans to fully decentralize the insurance fund in the future?
According with Polysynth the only derivatives available are Options and Perps, but apart of them would you like to add other derivatives too?
Polysynth uses a new brand concept called ” DOV” can you explain us More about this new idea? How this will have an impact in your ecosystem?
I read that Polysynth offers a referral program for users to invite their friends to try Polysynth and earn profit while doing so, this program is called “Polysynth Refer & Earn”. Can you explain to us what are the rewards that users receive for each referral? How many referrals must a user have in order to receive rewards? Can users withdraw those rewards? What are the requirements for the referral to provide rewards? Can we still join the program and get our referral link? Thank you
Polysynth is a 100% Permissionless platform, no KYC is required to use the platform, users just have to connect their wallets to get started. Does it limitate the platform in some way to accomplish international financial regulations? And also, is it secure to connect our wallets? Doesn’t it have any risk for privacy of the user?
Polysynth users can pick from market’s most popular trading strategies and let the algorithm work with their portfolio while they stay in control of their earnings. How is the process to choose a trading strategy is the % of accuracy and other stats shown so users can decide? And how can users determine the risk they want to manage with their funds?
Greetings Polysynth team.. We know of many projects that exist on the internet and some are falling due to the instability of the market today, I would like to know what makes you different from these projects that already exist that are similar to Polysynth, that offer profits quick and easy and in the end it’s not like that… Can you explain why you say that winning in Polysynth is as easy as ordering pizza? What are the options we have to earn on your project and how does a native token holder benefit from your project? What do you really offer and how can we participate by investing? How much is the APY on your DOV, up to what percentage can it go and how much percentage canyou earn with the reduction? Is your APY percentage reduction limited?
Recently, Polysynth has announced a strategic Partnership with BiConomy Platform & Already You have several investors & collaborations with Jump Capital, DEFI ALLIANCE, HASHED, Ledger Prime etc… So, How do you distinguish these Partnerships? In which manner do they contribute towards the Polysynth Project to enhance tha economic strength & ecosystem? By the way, will there be special announcement of upcoming events along with these Partnerships so that Community can Partake? Also, tell us How will both of you & your partners achieve the common goals according to your roadmap through these partnerships?
Talking about $POL tokenomics, Total supply of $POL is 1 Billion & You have allocated for Strategic Sale- 3.5%, Seed Sale- 5.14%, Private Sale-5% & Public Sale-1% Which will be the main fundraise events in Polysynth Ecosystem. How many fundraise events have you completed so far, Did you conduct Strategic Sale & Seed sale already? If yes, tell us about that, How much funds were you able to collect from those two events? However, you have allocated approximately 15% for fundraisings. But For Community only 1% which is a small portion. Why is that? Is there anyway to get $POL tokens except buying it on Public sale? By the way, Please tell us about your upcoming Public sale & Private sale rounds? How can users participate on them & Tell us what will be the requirements?
One of features in Polysynth is Arbitrage Reward program in order to improve the trading experience by converging mark Price to index price. I am excited to know more details about the Arbitrage trading on Polysynth Platform. Can you explain how it works in Your platform & about the reward mechanism? As we know, Arbitrage trading is always risky with mediocre reliability. So, do you provide facilities to avoid such barriers for the arbitrage traders? Please Give us brief explanation on Arbitrage Trading rewards mechanism within Polysynth ecosystem?
You mentioned that you want the Polysynth protocol to be owned and governed by its community, through the governance process users can participate in decision making. How do you encourage the Polysynth community to participate in the governance process? What benefit do participants receive? What are the requirements to be able to get involved in decision-making? What are the protocol parameters that users can modify? Thank you
Some of the ways that the community can participate in Polysynth governance are community can decide on the risk parameters of the protocol, decide on the fees and rebate mechanisms,changing staking and bonding parameter so could you tell us how can the community reach out your platform to be able for them to participate those Polysynth governance? For being an active participants of those governance,is there any incentives behind for the community especially to those active members? If yes,what rewards it would be for participating the Polysynth governance?For the decision of deciding risk parameters of the protocol, how can the community participate it and could you tell us more about those risk parameters of your protocol? With the fees and rebate mechanism,how would you take consideration any suggestions and opinions of your community? Lastly,for changing staking and bonding parameter,how can the community be able to help and could you tell us any parameters of staking and bonding that the community is able to change? Does changing of Staking APY/APR is part of this parameters? Other than those governance mentioned, could you tell us any other governance that the community can participate in your platform? Thank you
During highly volatile market conditions, slippage and delayed execution can result in some accounts having a negative balance post-settlement, and to ensure the solvency of the system in this event, Polysynth has an insurance fund as used as a backstop so could you tell us more about this Insurance Fund of your platform?How does this insurance be experienced by your users? Who will provide funds to this Insurance fund your platform or the users? If the users will provide fund for Insurance,how can users contribute funds for insurance? Does this Insurance fund have any 3rd party involved or only it is being managed by your platform? How does this insurance be distributed to users especially for those having a negative balance post-settlement? Thank you
Talking of tokenomics i went through it and i see some promising stats and distribution and as a big fan of decentralisation you a high percentage of the token distribution goes to the community that’s a big step in the right direction i like it
So my questions is
About the 2% monthly inflation rate i don’t quite understand can you explain ?
The $POL token you say is a governance token
Do you have plans for any other usecas for it ?
You have like 1 billion total supply of your token
How many will be locked and how many will be in circulation ?
And do you plan to burn the $Pol token in the future ?
Where’s the POL token listed?
How much is one of them Worth?
Can it be swapped for usdt or other stable coin?