Polynomial will cease operations and plans to restart the project in the future.

DeFi derivatives protocol Polynomial announced that while its core judgment on the market has been correct, the on-chain derivatives market has grown 100-fold in recent years, and its execution has fallen short of expectations, the team has decided to shut down its current business in an orderly manner. Polynomial stated that the platform has accumulated 27 million transaction data points and has systematically identified its product moat and key competitive elements, and will prioritize building long-term barriers to entry in the next phase. The team emphasized user fund security and will complete the shutdown process according to standardized procedures. At the same time, Polynomial stated that it will not abandon its mission of "making on-chain derivatives scalable," and will restart the project with the same team, optimize the execution path, and provide priority participation for existing users.