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