What is Polysynth?
Starting on our journey to know all about Polysynth Protocol
Last Updated: 27 July 2022
Polysynth Protocol is the first DeFi Options Vault (DOV) as well as the first Perpetual Futures Exchange on the Polygon Network enabling you to express your views on the market and earn in all market conditions. By virtue of being powered by Polygon, we are able to facilitate fast transactions at near-zero gas fees.
DeFi Option Vaults (DOVs): The beauty of DOVs lies in their simplicity. Investors simply stake their assets in vaults which deploy the assets into options strategies. Standing true to the nature of DOVs, Polysynth’s Option Vaults make it easier for investors to make the most out of options in perpetuity. Our option vaults abstract away all of the complexities of underwriting options, pricing options, juggling strike prices, and replacing it all with a simple deposit and auto-compounding earning vault.
Perpetual Futures: They are non-expiry future contracts allowing 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.

What can you do on Polysynth?

With Options:
  1. 1.
    Simply deposit assets and auto-compound your wealth in all market conditions
  2. 2.
    Improved capital efficiency with support for liquidity and yield-bearing tokens
  3. 3.
    100% on-chain, non-custodial investing
  4. 4.
    Earn sustainable yield by options selling instead of token farming
  5. 5.
    Enjoy higher liquidity for underlying option contracts - more depth and variety of products
With Perps:
  1. 1.
    Go long or short on any asset
  2. 2.
    Trade with up to 10X leverage
  3. 3.
    100% on-chain and non-custodial trading
  4. 4.
    Trading & Settlement in stablecoins
This document represents a continuous work in progress. We will endeavour to keep this document current with the latest developments. But due to the iterative nature of our development process, some implementations might differ from what is mentioned in this document. If you have identified any such issue, please report it to our discord or telegram channel.
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