SynFutures, the cutting-edge onchain perpetual protocol, has just launched its V3 on Coinbase's Layer 2 network, Base. This exciting development allows users to trade and provide liquidity on SynFutures V3 while earning exclusive Oyster Odyssey (O_O) points. To celebrate, SynFutures is kicking off "Meme Perp Summer," a six-week campaign aimed at expanding community asset listings and rewarding meme communities on Layer 2. This launch comes on the heels of SynFutures V3 on Blast surpassing $100 billion in cumulative trading volume in less than four months, solidifying its position as the top perpetual DEX across all chains.
SynFutures V3: A New Era on Base
SynFutures, renowned for its innovative onchain perpetual protocol that enables the listing and trading of any asset, is now live on Coinbase's Layer 2 network, Base. This integration allows users to engage in trading and liquidity provision on SynFutures V3 through Base, while also earning SynFutures' exclusive Oyster Odyssey (O_O) points.
Meme Perp Summer: A Six-Week Extravaganza
In conjunction with the launch, SynFutures is rolling out a series of new listings over the next several weeks as part of "Meme Perp Summer." This six-week campaign is designed to expand community asset listings and reward meme communities on Layer 2. The campaign is set to bring a wave of excitement and engagement to the Base ecosystem.
Multichain Expansion and Milestones
SynFutures' expansion to Base is a significant milestone, following the success of SynFutures V3 on Blast, which has surpassed $100 billion in cumulative trading volume in less than four months. This achievement cements SynFutures as the leading perpetual DEX across all chains and one of the most active DeFi dApps in the Web3 space. With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to deliver the ultimate onchain futures and perpetuals experience for any asset within the Base ecosystem.
Launch Partners and Meme Perp Summer Highlights
SynFutures has partnered with some of the top projects in the space to kick off Meme Perp Summer. These partnerships include tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others. The new asset pairs available for trading include:
- $DEGEN/WETH
- $CHOMP/WETH
- $BOOMER/WETH
- $ISK/WETH
In addition to popular memecoins, SynFutures will also list liquid staking derivatives (LSD) assets and liquid staking tokens (LRTs), which are crucial for bringing liquidity and organic yield to the onchain space. The listed LSD and LRT asset pairs include:
- wstETH/ETH from Lido
- weETH/ETH from ether.fi
- wrsETH/ETH from Kelp DAO
Utilizing Chainlink for Price Oracle Infrastructure
To ensure accurate and reliable price data, SynFutures is utilizing Chainlink, a decentralized blockchain oracle network, to provide integral price oracle infrastructure for its deployment on Base. This integration enhances the security and reliability of the trading experience on SynFutures V3.
Fee Promotion for Major Asset Pairs
As part of the Meme Perp Summer campaign, SynFutures is launching a limited-time promotion across all networks on major pairs, such as BTC and ETH pairs. Starting on July 1, 2024, the trading (taker) fee for major pairs will be reduced from 3 basis points (bps) to just 2 bps. Additionally, all traders will enjoy the benefits of the highest-level VIP fee during this promotional period, simplifying the trading experience and providing greater value to users.
Expansion of Oyster Odyssey Points
SynFutures also reassures Blast users that the O_O points earned during the Blast Season will not be diluted by the Base launch. The overall pool of O_O points has been increased, and rewards distributed on Base will be separate from and in addition to those on Blast. This ensures that users continue to receive valuable rewards for their participation and engagement.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021.
Learn More About SynFutures
For more information about SynFutures and its offerings, users can visit the following resources:
Contact Information
For any inquiries, please contact Mark Lee at mark.lee@synfutures.com.
Disclaimer
This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold, or held. Conduct your own due diligence and consult your financial advisor before making any investment decisions.
Conclusion
The launch of SynFutures V3 on Base marks a significant step forward in the evolution of decentralized finance. By providing a robust and versatile platform for trading and liquidity provision, SynFutures is poised to become a cornerstone of the Web3 ecosystem. The Meme Perp Summer campaign adds an exciting layer of engagement and rewards, making it an opportune time for users to explore and participate in the SynFutures platform. With its innovative features, strategic partnerships, and commitment to user rewards, SynFutures is set to redefine the landscape of onchain perpetual trading.
