Polyester Testnet is now live!
Polyester is an order book-based DEX for trading and lending native assets like Bitcoin, XRP, Litecoin, Hyperliquid, Zcash, Bitcoin Cash, Dogecoin and more.
Let's dive into what you can do during Testnet 👇
𝘽𝙍𝙊𝙊𝙊𝙊, 𝙒𝙃𝘼𝙏 𝙄𝙁 𝙔𝙊𝙐 𝘾𝙊𝙐𝙇𝘿 𝙎𝙒𝘼𝙋 𝘽𝙏𝘾 𝙁𝙊𝙍 𝙓𝙍𝙋, 𝙀𝙏𝙃 𝙁𝙊𝙍 𝘽𝙏𝘾 𝙊𝙍 𝙐𝙎𝘿𝙏 𝙁𝙊𝙍 𝙐𝙎𝘿𝘾 𝘼𝘾𝙍𝙊𝙎𝙎 𝘾𝙃𝘼𝙄𝙉𝙎, 𝘼𝙇𝙇 𝙁𝙍𝙊𝙈 𝙊𝙉𝙀 𝙐𝙄? 😭👀
No jumping between platforms. No manually coordinating separate steps. Just choose what you have, what you want and where you want it delivered!
That's the vision behind 𝗣𝗢𝗟𝗬𝗘𝗦𝗧𝗘𝗥 𝗤𝗨𝗜𝗖𝗞 𝗦𝗪𝗔𝗣, the upcoming flagship feature expected around the end of October or beginning of November. 👀⚡
But hold on, because the technology behind this is what makes it REALLY interesting!
1/2🧵
𝗟𝗘𝗧'𝗦 𝗕𝗥𝗘𝗔𝗞 𝗜𝗧 𝗗𝗢𝗪𝗡!
HOW WILL IT WORK? 🤔
Imagine holding BTC on Bitcoin but wanting XRP in your destination wallet.
Here's how the journey works:
1️⃣ CHOOSE YOUR ASSETS
Select the asset and network you're sending from, then choose what you want to receive and its destination network.
Want BTC → XRP? ETH → BTC? USDT → USDC? Or ETH on Base → ETH on Arbitrum?
That's the vision: different assets and networks connected through one interface, wherever the required routes and markets are supported.
2️⃣ ENTER YOUR AMOUNT AND WALLET
Choose how much you want to swap and enter the wallet address that should receive your output.
3️⃣ REVIEW YOUR QUOTE
Check the exchange rate, minimum protected output, fees, destination details and quote expiration BEFORE sending your funds.
No guessing what the quoted conversion is supposed to deliver!
4️⃣ SEND YOUR ASSET
Polyester provides the deposit instructions for your specific swap. Once your transfer is processed, the input becomes available for conversion.
5️⃣ THE ORDER BOOK DOES ITS JOB! ⚡
Polyester executes the conversion through its own order book for the selected trading pair, with price protection defining the minimum output the swap can accept.
6️⃣ RECEIVE YOUR ASSET
After the conversion settles, the resulting asset is delivered through the selected destination route.
Your deposit, conversion and delivery are connected through one Quick Swap workflow.
SIMPLE FOR THE USER. POWERFUL UNDER THE HOOD. 🤯
NOW HERE'S THE REAL PLOT TWIST!
Polyester isn't approaching cross-chain swaps the same way as Chainflip, NEAR Intents, Relaylink, funxyz and THORChain DEX.
The BIG difference?
🔥 REAL ORDER BOOKS. POLYESTER'S OWN ORDER BOOKS.
Let's make this ridiculously simple.
🟢 IMAGINE $1 MILLION IN ORDER-BOOK LIQUIDITY.
With market makers keeping prices aligned with Binance or Bybit, that capital can be concentrated around the latest market price as conditions change.
When BTC moves, market makers can update their orders to keep liquidity close to where the market is trading.
The goal? Make more of that capital useful for executing trades around the current price.
Now compare that with LP pools.
Liquidity in these pools is distributed across a range of prices depending on their design. That means capital isn't necessarily concentrated where the market is trading right now.
As a trade grows relative to the available liquidity, the execution price can move further, increasing slippage.
THAT'S THE CAPITAL-EFFICIENCY CHALLENGE! 👀
🟣 AND WHAT ABOUT SOLVER-BASED SYSTEMS?
Intent-based solutions use solvers to fulfil users' requests. Those solvers need to make money from execution, often through the spread.
That introduces another participant into the transaction who needs to earn from providing the service.
Polyester's approach is different: execute swaps through its own order books rather than relying on LP pools or external solvers to perform the conversion.
The ambition is clear: concentrate liquidity more efficiently, reduce slippage and make large swaps more practical.
And because execution happens through real order books, the quality of the result can be evaluated through actual market depth and execution prices.
Of course, the advantage in any particular trade depends on available liquidity, market conditions and the size of the swap.
Dogecoin Labs is here.
One team building the future of Doge: DogeOS, the MyDoge wallet, and everything that comes next.
A new chapter for Doge starts today.
https://t.co/So9qcrwUoA
𝙒𝙀𝙇𝘾𝙊𝙈𝙀 𝙏𝙊 𝘿𝘼𝙔 11 𝙊𝙁 𝙊𝙐𝙍 30 𝘿𝘼𝙔𝙎 𝙊𝙁 𝙋𝙊𝙇𝙔𝙀𝙎𝙏𝙀𝙍! 🔥
Ever clicked BUY and wondered what happens before your order becomes a trade? 👀 Welcome to Day 11 of our Polyester lesson series, where we break down the product piece by piece. Today we're exploring 𝙏𝙍𝘼𝘿𝙀𝙎 𝘼𝙉𝘿 𝙁𝙄𝙇𝙇𝙎, where your order starts turning into an actual execution!
An order is your instruction to buy or sell. A fill is the quantity that actually executes when it matches an eligible opposing order. So clicking BUY doesn't mean you've bought the asset already. Your order must pass the necessary checks and find a match first.
⚙️ 𝙃𝙊𝙒 𝘿𝙊𝙀𝙎 𝙄𝙏 𝙒𝙊𝙍𝙆?
@polyester uses 𝗣𝗼𝗹𝘆𝗘𝗻𝗴𝗶𝗻𝗲 to process orders and match eligible buyers and sellers. Think of it as the engine room turning your instruction into an execution. The system checks your account, available balance and market rules before matching begins. Better prices get priority and when prices are equal, earlier eligible orders go first. No cutting the queue! 😂
Imagine you're buying 1 BTC with a limit price of 100,000 USDT. Seller A offers 0.3 BTC at 99,800, Seller B offers 0.4 BTC at 99,900 and Seller C offers 0.3 BTC at 100,000. If all are eligible, your ONE order can produce THREE fills at different prices. You receive 1 BTC for 99,900 USDT in total before fees. That's why your average execution price can differ from your limit price. One order, multiple fills. BOOM! 💥 After each fill, settlement records the asset exchange and applicable fees.
🤯 𝙒𝙃𝘼𝙏 𝙄𝙁 𝙊𝙉𝙇𝙔 𝙋𝘼𝙍𝙏 𝙊𝙁 𝙔𝙊𝙐𝙍 𝙊𝙍𝘿𝙀𝙍 𝙁𝙄𝙇𝙇𝙎?
Say you ordered 1 BTC but only 0.35 BTC executes. That's a partial fill, leaving 0.65 BTC unfilled. Depending on the order instructions, the remainder may stay open or be cancelled. GTC can remain active, IOC cancels what can't execute immediately and FOK requires the whole order to execute immediately or cancels it. Market orders follow applicable price protection. Cancelling the remainder does NOT reverse fills that already happened!
Maker and taker roles matter too. A maker order was already resting on the order book when matched; a taker order consumes existing liquidity. One order can have both types of fills, which may affect fees.
👀 𝙒𝙃𝙀𝙍𝙀 𝘿𝙊 𝙔𝙊𝙐 𝘾𝙃𝙀𝘾𝙆?
Market Trades shows public executions across a market, while your personal Trades and Fills show executions attributed to your account. Open Orders tracks active orders, Order History shows how orders ended and Order Details connects an order to its fills. Funds helps you understand your balance and reserved amounts.
Understanding fills helps you review execution prices and fees, recognise partial fills and investigate your activity instead of guessing. Polyester brings these tools together in one trading workspace, connecting market analysis, order management and execution review. If you haven't explored it yet, sign up and see the features for yourself. Seeing is believing! 🔥
❤️ 𝘈 𝘉𝘐𝘎 𝘛𝘏𝘈𝘕𝘒 𝘠𝘖𝘜 𝘛𝘖 𝘛𝘏𝘌 𝘗𝘖𝘓𝘠𝘌𝘚𝘛𝘌𝘙 𝘍𝘖𝘜𝘕𝘋𝘌𝘙 𝘈𝘕𝘋 𝘛𝘌𝘈𝘔
Building a trading platform takes vision, patience and serious engineering. I genuinely appreciate the @tristanchaudhry and @polyester team work to make complex trading tools more connected and easier to understand. Thank you for giving users and researchers something meaningful to explore. May your hard work keep bearing fruit and may the team grow stronger with every challenge. Keep building, bro. We're excited to see how far this journey goes! 🫡❤️🔥
𝙅𝘼𝙇𝘼𝙇 𝙍𝙀𝙎𝙀𝘼𝙍𝘾𝙃 ✍️
Polyester 💙 Litecoin
That's why we are giving away $10,000 in litecoin:native to Polyester Testnet users.
Joining is easy:
1. Follow @polyester and @litecoin
2. Like + repost this post
3. Reply with your Polyester username
Good luck!
Livestream Monday with @HunterBiden.
We have questions.
He has stories.
Should be a normal Monday night.
When: Monday, Oct 19
Time: 8:00 PM ET
Where: @heybeluga
Candle styles are now customizable on PolyChart.
Make your candles unique with custom shaders and animated styles.
Available to try now on Polyester Testnet!
@polyester Tried the Mini Player just now
Really useful feature, love being able to keep the chart open while browsing other tabs
Great work team @polyester
Sunday plan: Netflix and Poly. Thank you @polyester for the Mini Player.
Pop the chart out, put your show on full screen, and your candles stay in the corner. One click and you're back.
I’m so excited about the new "Mini Player" feature from @Polyster! It’s awesome how you can keep an eye on the chart while enjoying a football match at the same time. Love it!🫡🫡
Introducing the Mini Player for Polyester Chart.
Now you can pop out the Mini Player from your browser, and browse other websites and tabs while still seeing your chart and candles.
You can also browse multiple charts on Polyester at the same time.
Try it out on Testnet today!
The $HYPE rewards from our @Polyester giveaway have officially been distributed!
Log in to your Polyester account & check for the green “YOU WON” button in the header.
Open it & scratch to reveal your prize! (See video)
Next giveaway is an OG banger.
Noti’s on. 👀
Polyester uses @Quicknode as the official RPC provider for Zipper.
Every cross-chain deposit and withdrawal on Polyester is verified using Quicknode alongside our distributed local RPC infrastructure.
Livestream Tuesday with @SeanMFarrell, Head of Digital Asset Strategy at @FundstratDirect.
We’ll be discussing:
→ Bitcoin’s next big move: Is the cycle bottom in?
→ ETH & altcoins: Where does Sean see opportunities this Q4?
→ His outlook for the rest of 2026 and more!
Lock in with us.
When: Tue, Oct 13
Time: 1:00 PM ET
Where: @heybeluga