SynFutures is a platform that's making futures trading more accessible and innovative. It offers unique trading products and focuses on user-friendly features.
What is SynFutures
Here's how it works:
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Innovative Products:
- Perpetual Futures: Contracts that closely follow the actual market index.
- DAO Token Futures: Use native tokens for trading margins.
- NFTures: Futures contracts for fractionalized NFTs (Non-Fungible Tokens), opening up a new type of asset for trading.
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Key Features:
- Shared Margin Account: Simplifies trading by combining margin requirements and Profit & Loss (P&L) across different trades.
- Smart Automated Market Maker (sAMM): Enhances the availability of funds (liquidity) and makes better use of capital.
- Solving Interoperability and Liquidity Issues: SynFutures works across different blockchain networks, offering a seamless trading experience and addressing the issue of separated liquidity pools.
In summary, SynFutures is bringing new and advanced trading options to the decentralized finance (DeFi) world, focusing on user convenience and opening up new trading possibilities with its innovative approach.
Team of SynFutures
Funding of SynFutures
$22,000,000
Series B
Led by Pantera Capital, with Hashkey Capital and Susquehanna International Group.
$14,000,000
Series A
Led by Polychain Capital, with Framework, Pantera Capital, Bybit, Wintermute, CMS, Kronos and IOSG Ventures.
$1,400,000
Seed
Led by DragonFly Capital, with Standard Crypto.
SynFutures review
Pros
Permissionless Perps
Create any pair within 30 seconds, no central verification needed.
Single-Sided Liquidity
Offers the ease of providing liquidity with just one token.
Innovative Perpetuals
Futures contracts designed for spot index price convergence and advanced funding.
DAO Token Margin
Allows using DAO tokens for margin, alongside stablecoins.
NFT Futures
Developed futures for fractionalized NFTs, providing a unique trading platform.
Shared Margin Account
Simplifies trading by offsetting margin and profit/loss across positions.
Advanced sAMM
Introduces a smarter AMM for improved liquidity provider efficiency.
Cross-Chain Solutions
Aims for blockchain interoperability, enhancing liquidity and user experience.
Cons
Market Competition
Faces stiff competition in the perpetual trading platform sector.
Technical Complexities
Risk of technical challenges or protocol exploitation.
Regulatory Uncertainty
Financial product nature subjects it to potential upcoming regulations.
Liquidity Challenges
Needs significant liquidity, especially on platforms like Polygon and zkSync.
Oracle Manipulation Risk
Potential issues due to price manipulation in oracle-reliant assets.
Opportunities
AirdropTestnet
Minimal cost: Free
Synfutures Testnet
Participate in Synfutures Testnet to earn rewards