Techub News reports that the DeFi derivatives protocol Polynomial announced on X that it has ceased operations and entered the winding-down phase as of February 14th Hong Kong time. Both Polynomial Chain and Polynomial Trade will be shut down, with forced liquidation occurring on February 18th, the liquidity layer closing on February 24th, and the chain ceasing operation on March 3rd. Polynomial stated that the previously announced TGE plan scheduled for the first quarter will also be canceled, as they are unwilling “to issue tokens for a product that is about to disappear,” but participant data will be retained, and early supporters will have priority access to new company products. Polynomial also mentioned that technology is not the moat in the derivatives market—liquidity is—but Polynomial has lacked liquidity, with its TVL peaking at only $8 million. The team said that the new company will still be related to derivatives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Injective Unveils Developer Hub to Help Builders Create Onchain Economies Faster
Injective launched a new Build page with code examples, video tutorials, technical deep dives, AI coding guides, and toolkits.
The hub promotes 25,000 TPS or more, about 650 ms block times, instant finality, and EVM and WASM support.
Injective has launched a new Build page that centralizes d
CryptoNewsFlash7m ago
Blockfort Launches Its Swiss Digital Art Fortress to Enable Institutional NFT Storage on Tezos an...
Blockfort, a Swiss digital asset custodian, offers secure storage and trading solutions for institutional collectors of digital art on the Tezos blockchain. Its Digital Art Fortress ensures compliance and safety, supporting the growing demand for NFT security in the art world.
BlockChainReporter16m ago
Ethereum Foundation Formalizes DeFi Strategy With New Protocol Support Unit
_EF formalizes DeFipunk strategy, adds new leadership, and sets roadmap for crypto-native DeFi innovation._
Ethereum Foundation is increasing its focus on decentralized finance and crypto-native values. A new team will help build and support DeFi protocols and work more closely with
LiveBTCNews32m ago
Meta Zuckerberg plans to restart the "Stablecoin Project" in the second half of 2026, potentially partnering with Stripe to connect global payment flows
After the failure of the Libra project, Meta plans to relaunch stablecoin payments in 2026. It will collaborate with Stripe to build a payment ecosystem supporting third-party stablecoins, integrating digital wallets into its social platforms. The new regulatory "GENIUS Act" improves the environment, and Meta's goal is to compete with X platform and Telegram to become a "Super App."
動區BlockTempo38m ago
SBI Ripple to Deploy XRP Cross-Border Payments in Japan and Korea - U.Today
SBI Ripple Asia partners with DSRV Labs to explore blockchain enhancements for remittances and payments between Japan and South Korea, focusing on the use of XRP Ledger for cross-border services.
UToday41m ago
Arbitrum Foundation launches mentor program application, with the plan officially starting on April 13.
Arbitrum Foundation Launches Mentorship Program Supporting Up to 15 Teams, Application Deadline April 7, 2026, Starting April 13. Teams will receive guidance and funding support, with the top three receiving a $100,000 reward.
GateNewsBot43m ago
