Polyester Launches Cross-Chain DEX Testnet with Crypto Rewards

Polyester is developing a cross-chain decentralized exchange (DEX) that allows users to deposit native assets from various blockchains into a single unified trading account. This platform enables trading through a shared order book, streamlining the process for users who previously had to manage assets across separate chain-specific markets.

The Polyester Testnet is now live, offering daily rewards in the form of Paper Assets. Participants can use these assets across the exchange's spot markets, providing a practical way to explore the platform before its mainnet launch. The testnet phase also includes giveaways, trading competitions, and community events with real crypto prizes, alongside the potential for a $P airdrop post-TGE.

$P is the native gas asset of Polyester Chain. While details about tokenomics, TGE date, or airdrop allocation have not been announced, the potential $P airdrop remains a significant point of interest for participants.

Polyester is a decentralized spot and lending exchange built on Polyester Chain, supporting assets like Bitcoin, XRP, Litecoin, Dogecoin, Ethereum, and Solana. The platform combines PolyEngine for high-speed order-book trading, Polyester Chain as the underlying EVM-compatible Layer 1, and Zipper for 1:1-backed cross-chain deposits and withdrawals. Users can trade, lend, borrow, or withdraw assets without being confined to separate markets, while maintaining control of their keys.

The company is based in Miami and backed by venture capital firm RRE Ventures. Tristan Chaudhry serves as CEO and Co-Founder, bringing a background in Computer Science from Penn State University and prior leadership experience at Skrice Studios.