Polynomial Earn Optimism Mainnet Launch

We’re extremely proud to announce that Polynomial Earn is live Optimistic Ethereum mainnet. Jump over to Earn app to deposit to the vaults.

Polynomial Earn is the first DeFi Options Vault (DOV) project that is completely on-chain by selling options directly to an AMM. Today we’re live with sETH Covered Call and Cash Secured Put Vaults, built on top of Lyra Finance. Options AMM built by the Lyra team is a novel approach to provide liquidity for DeFi options.

As the vaults are experimental, both sETH Covered Call and sETH Put Selling vaults are capped with 300 sETH and 1M sUSD deposits respectively. To increase participation from more users, deposits are limited to 15 sETH and 50k sUSD per user as well. As we build confidence in our vaults, we’ll be increasing the deposit caps progressively. Going forward, we’re also looking to add support for more assets and strategies.

Starting this Friday, the vaults will start selling options to Lyra AMM. Options are sold in batches to reduce slippage and options will be sold every Friday. Be mindful of the risks associated with DOVs before depositing to the vaults. You can read more about how Polynomial Earn Vaults work and the risk from the docs.

At Polynomial, we’re actively looking to deploy more strategies involving other financial derivatives. So, be sure to join our community Discord to get involved, provide feedback and be the first to learn about new opportunities with Polynomial.

Smart contracts are nascent technology and are subject to risks associated with code. The contracts have been audited by Pecksheild but users are advised to still use with caution.

⚡️ Earn app — https://earn.polynomial.fi

💬 Discord — https://discord.gg/polynomial

🌍 Website — https://polynomial.fi

📝 Docs — https://docs.earn.polynomial.fi

🐦 Twitter — https://twitter.com/polynomialFi/