Company attributes
Location
B2X
AngelList URL
Pitchbook URL
Number of Employees (Ranges)
11 – 50
Founded Date
2021
Total Funding Amount (USD)
4,500,000
Latest Funding Round Date
July 13, 2022
Competitors
Latest Funding Type
Wellfound ID
Other attributes
Company Operating Status
Active
Cryptocurrency Symbol
ERC20
Invested in
Latest Funding Round Amount (USD)
3,000,000
Medium URL
Ticker Symbol
POL
Polysynth Protocol is the first decentralized exchange (DEX) based on the Polygon Network that enables trading of perpetual contracts across asset classes like Cryptocurrencies, Equities, Commodities, etc. By virtue of being on Polygon Network, we are able to facilitate instant settlement at near-zero gas fees.
Perpetual contracts are non-expiry contracts that allow traders to speculate on the price of an underlying asset without actual ownership of the underlying asset, by buying (long) or selling (short) the contract. Bitmex introduced Perpetual Contracts in 2016 and it has been adopted by practically every derivatives exchange since then. Perpetual contracts have grown to become one of the most popular derivative products in the space
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