Polysynth

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