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Honey DAOHoney DAOby0x9AED61f7cB909a77134843c7B802EE100A93a3070x9AED…a307

Should we fund Polynomial Protocol?

Voting ended over 4 years agoSucceeded

Please vote if you'll participate at the funding of Polynomial Protocol.

Info about the project: https://hive.honeydao.com/t/polynomial-options-liquidity-protocol/240/22 and in the private AMA channel in our Discord

Overview: Polynomial is a protocol fresh out of the ETHGlobal hackathon (finalist) looking for funding on an options protocol liquidity aggregator.

Options market is still ripe for the picking, and having a vault that ties a bunch of the segmented liquidity together will be a solid play imo.

Deal: “So we plan to raise 500k this round at a 10M valuation for 5% of the company. after 2-3 months of going live, we'll launch a governance token with fee-sharing from the liquidity pool. 80% of the fees collected will be shared among all the token holders, and the rest will go to the dev fund. when we launch the token, it will be non-transferable for all holders (like ribbon finance). but we will run liquidity mining for option LPs. then we will gradually open up transferring/trading of the token via governance proposal. once we do this, liquidity mining will start for our token as well"

This is the rough idea (subject to change):

3-5% - for airdrop (for early users and other options users) 20% - founders and future team (with 4 year vesting) 15-20% - investors (with 4 year linear vesting; 5% in this round, and rest in future rounds) 5% - dev fund (with 6 year vesting) 10% - grants for building on top of polynomial and bug bounties 2-4% - advisors rest for liquidity mining and community treasury

Current investors: Siddharth Jain (Of DeFi Dolla) - 50k Genblock capital - ~100k-200k

Website: https://polynomial.fi/ Twitter: https://twitter.com/PolynomialFi Github: GitHub - Polynomial-Protocol/monorepo Discord: n/a

Misc: Deck - https://polynomial.fi/deck.pdf Hackathon demo: https://www.youtube.com/watch?v=YXQVbpgr_z8

Off-Chain Vote

Yes
51 68.9%
No
23 31.1%
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Timeline

Jul 15, 2021Proposal created
Jul 15, 2021Proposal vote started
Jul 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated