Polysynth Mainnet is now LIVE

Published on: 10.03.2022

Polysynth has announced that they have deployed on Polygon Mainnet. With this, Polysynth have become the top decentralized perpetual swaps protocol with support for 10X leverage on Polygon.

Polysynth represents the next stage in the evolution of DeFi 2.0. Building on the pioneering work of Uniswap, we innovated further on vAMM, enhancing capital efficiency to levels never seen before.

Further, Polysynth is one of the best designed DEX, that facilitates instant settlements and has all the advanced features a user expects while trading decentralised perpetual swaps.

They chose to build on Polygon, as their users stand to benefit from inexpensive gas fees, scalability, privacy, and composability of Polygon.

On Polygon Testnet, they supported perpetual swaps for Bitcoin, Ethereum and MATIC. On Mainnet, apart from the already available markets, they have already added support for Solana and Polkadot. Next, they will add more popular perpetuals such as Avalanche, Chainlink, Yearn Finance, Curve, Sushi, Aave, Cardano, Shiba Inu, Dogecoin and more.

Our mission is to become the home for the entire gamut of perpetual swaps for 16,500+ cryptocurrencies, 40,000+ public companies, bonds, commodities, NFTs and more. Because of our pioneering vAMM model, we can add support for the highest number of markets with deep liquidity and lowest slippage compared to an AMM or Order Book styled exchange.

Polysynth has been live on Polygon Testnet for over five months now. They have been receiving feedback through Discord & Telegram and stress testing Polysynth in near-market conditions through trading competitions and bug bounties during this period.