Categories
Cryptocurrencies

Synfutures

SynFutures (F)

SynFutures is a decentralized platform designed for trading cryptocurrency derivatives. It allows users to list and trade crypto assets without needing permission, thereby fostering open and unrestricted trading. As a derivatives platform, SynFutures enables users to trade contracts whose value is derived from underlying crypto assets, such as futures contracts.

### Overview

The platform has evolved through various versions to enhance functionality and user experience:

  • SynFutures v1: Introduced permissionless listing and trading, enabling any crypto asset to be traded without prior approval.
  • SynFutures v2: Improved the user interface for easier navigation and interaction for traders and liquidity providers.
  • SynFutures v3: Aims to expand the user base with the introduction of the Oyster Automated Market Maker (AMM), combining concentrated liquidity and order book models into a single on-chain system to improve liquidity and trading opportunities.

#### Oyster Automated Market Maker (AMM)

The Oyster AMM is a vital feature of SynFutures v3, enhancing decentralized derivatives trading. It offers:

  • Single-token concentrated liquidity for derivatives: Allows liquidity providers to focus liquidity within specific price ranges, increasing capital efficiency. It supports listing any asset pair using a single token for liquidity provision.
  • Permissionless on-chain order book: Integrates transparency and trustlessness, avoiding reliance on centralized administrators.
synfutures background
Ticker F
Category Decentralized Finance (DeFi)
Website https://www.synfutures.com/
Twitter @SynFuturesDefi
Telegram synfutures_Defi
Contract Addresses
ethereum 0x6e...f9Copied!
base 0x2c...d6Copied!
  • Unified liquidity model: Combines concentrated liquidity and order book models to support efficient atomic transactions.
  • Stabilization mechanisms: Includes features like dynamic penalty fees and stabilized mark prices to enhance user protection and price stability.

    • #### Odyssey Points

    Odyssey Points are rewards within the SynFutures platform, earned through activities such as referrals, providing liquidity, and placing limit orders. Liquidity addition plays a significant role in point accumulation, with higher points for narrower ranges and orders close to market prices. Referral activities and squad Total Value Locked (TVL) also impact point earnings.

    ### Products

    #### Perps

    SynFutures offers various categories catering to different user needs, including:

    • Market: Access to real-time market data.
    • Trade: Facilitates seamless execution of trades across derivatives contracts.
    • Earn: Opportunities for passive income through liquidity provision, staking, and yield farming.
    • Portfolio: Tools for managing investment portfolios and tracking performance.
    • Odyssey: A rewards program offering incentives for platform participation.#### NFTuresNFTures is an app for trading NFT perpetual contracts, developed by SynFutures. It is designed to appeal to a wide range of traders, including newcomers to crypto futures. The app facilitates futures trading on fractionalized NFTs, offering a unique experience not found on other platforms.### FundingIn October 2023, SynFutures completed a Series B funding round, raising $22 million. Led by Pantera Capital, the round included participation from HashKey Capital, SIG DT Investments, and others. This funding follows a Series A round in June 2021, bringing the total raised by SynFutures to approximately $38 million.