How to Claim Free Tokens from Polynomial Protocol Airdrop
Polynomial Protocol is a decentralized derivative trading exchange powered by the Synthetix protocol on Optimism. The exchange allows leverage trading up to 25x with a faster and smoother UI and lower fees than other derivative exchanges.
Polynomial Protocol doesn't have an own token but could launch one in the future. They've just launched perpetual trading so early users who make trades, swaps and use their earn vaults may become eligible for an airdrop if they launch their token.
In this article, we will show you how to claim free tokens from Polynomial Protocol airdrop if you are eligible. We will also explain what is Optimism and why it is important for DeFi users. 😊
What is Optimism?
Optimism is a layer 2 scaling solution for Ethereum that uses optimistic rollups to achieve faster transactions and lower gas fees. Optimistic rollups are a technique that bundles multiple transactions together and submits them to the Ethereum mainnet as a single transaction. The transactions are then executed on a separate layer 2 chain that runs on top of Ethereum.
Optimism uses a fraud-proof system to ensure the security and validity of the transactions on the layer 2 chain. This means that anyone can challenge a transaction if they think it is invalid or fraudulent. If the challenge is successful, the transaction is reverted and the challenger gets a reward. If the challenge is unsuccessful, the transaction is confirmed and the challenger loses a deposit.
Optimism aims to provide a seamless user experience for DeFi applications by allowing them to run on layer 2 without compromising on security or decentralization. Optimism is compatible with Ethereum smart contracts and supports popular DeFi protocols such as Uniswap, Synthetix, Chainlink, and more.
How to Connect to Optimism?
To use Polynomial Protocol or any other DeFi application on Optimism, you need to connect your wallet to the Optimism network. You can use MetaMask or any other wallet that supports custom RPC networks.
Here are the steps to connect MetaMask to Optimism:
- Open MetaMask and click on the network dropdown menu at the top.
- Select “Custom RPC” from the list.
- Enter the following details in the fields:
- Network Name: Optimism
- New RPC URL: https://mainnet.optimism.io
- Chain ID: 10
- Currency Symbol: ETH
- Block Explorer URL: https://optimistic.etherscan.io
- Click on “Save” and you are done!
You can now access Polynomial Protocol or any other DeFi application on Optimism using MetaMask.
How to Claim Free Tokens from Polynomial Protocol Airdrop?
If you are eligible for the Polynomial Protocol airdrop, you can claim free tokens by following these steps:
- Visit the Polynomial Protocol trading website.
- Connect your Optimism wallet and create a Polynomial wallet to start using Polynomial.
- Now click on “Smart Wallet” and deposit sUSD to start trading. You can get sUSD from KuCoin or use their Swap feature.
- Now make trades on the platform. Also use their “Swap” and “Earn Vaults” features to increase your chance.
- If you are eligible, you will be able to claim free tokens from Polynomial Protocol when they launch their token.