DeFi derivatives protocol Polynomial to cease operations and shut down its chain and trading products

PANews

Release Time: 02/15/2026 05:46:24

Summary

The DeFi derivatives protocol Polynomial has announced the full shutdown of Polynomial Chain and Polynomial Trade, marking a major protocol update. Operations ceased on February 14, with forced liquidations scheduled for February 18, the liquidity layer closing on February 24, and the chain shutting down on March 3. The team has canceled its Q1 2026 token generation event, referring to the product as "a dying product." User data will be preserved, and early supporters will receive priority access to future offerings. This on-chain announcement reflects the project’s final phase.

PANews, February 15: The DeFi derivatives protocol Polynomial announced it will shut down Polynomial Chain and Polynomial Trade. Operations ceased on February 14, and the project has entered its wind-down phase, with forced liquidations scheduled for February 18, the liquidity layer to be closed on February 24, and chain operations to be halted on March 3. Polynomial has also canceled its previously planned TGE for the first quarter of 2026, stating it does not wish to “issue tokens for a product that is about to die.” The team confirmed it will retain participant data and offer early supporters priority access to future products from the new company.

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