How Polynomial Research solved a crypto payment problem, and got an expansion scoping along the way

Industry
Decentralized Finance
Company Size
1-50
On Gloroots since
2023
Location
India
Founding Year
2021
"We came to Gloroots with a payment problem, two contractors in India, funds in crypto. We were also considering full-time hiring in the UK and Singapore, and had no real visibility on what employment there actually costs or what compliance looks like."
Senior Head - Polynomial Research

About

Polynomial is a decentralised perpetuals (perps) derivatives trading exchange powered by its own dedicated Ethereum rollup built on the Optimism OP Stack (part of the Superchain ecosystem). It provides traders with up to 50x leverage, cross-margin accounts, and gasless transactions using smart wallets via account abstraction. The platform stands out by featuring a dual-mode execution engine that evolves from an AMM into an orderbook as market volume grows, and it directly shares success by distributing up to 50% of its protocol trading fees back to users who stake supported stablecoins and crypto assets.

The Challenge

Crypto funds. India contractors. And bigger questions about what came next.

Polynomial Research had two contractors in India who needed to be paid from a crypto treasury. Getting that in place, off-ramp, conversion to INR, disbursement, was the immediate problem.

But a larger question was sitting alongside it. Polynomial was weighing full-time hires in the UK and Singapore. Two different markets, each with its own employment costs, statutory requirements, and hiring dynamics. Making the call to enter either without a clear picture of what it actually involves is how expansion decisions go wrong.

The payment problem needed fixing. The expansion questions needed someone with the right market knowledge to scope them out properly.

"They sorted the payment problem quickly. But the more valuable work was the scoping they did for full-time hiring in the UK and Singapore, Gloroots gave us that picture."
Senior Head - Polynomial Research

The Solution

Payments sorted. Expansion scoped. Decision made with clarity.

Gloroots handled the off-ramping and disbursement for Polynomial's India contractors, converting from crypto to INR and processing payments to both contractors without errors.

Alongside that, Gloroots worked through the UK and Singapore hiring picture with the Polynomial team: what full-time employment in each market actually costs, what compliance looks like, and how to structure it. That scoping gave the decision-makers a clear view of what they were getting into before committing.

With the right information in hand, Polynomial's leadership made the call.

The Results

2 contractors paid. Two markets scoped. Decision made right.

  • 2 India-based contractors paid in INR from a crypto treasury
  • Off-ramp and disbursement handled cleanly with no errors or delays
  • Full-time employment options in UK and Singapore scoped in full, costs, compliance, and structure
  • Decision-makers had the market data they needed to make the right expansion call
"When our team made the expansion call, they had what they needed to make it correctly."
Senior Head - Polynomial Research

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