Singapore, Singapore, June 19, 2024, Chainwire
SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase's L2 network. To commemorate this milestone, SynFutures is launching “Meme Perp Summer,” an intense six-week campaign aimed at expanding its community asset lists and rewarding meme communities that drive organic traction on Base. With total rewards of 100,000 USDC and future airdrop allocations, this campaign underlines Synfutures' commitment to fostering the growth of emerging token projects.
“We are incredibly excited about our expansion to Base. This move not only reinforces our commitment to providing users with unique business opportunities, but also reflects our dedication to supporting and growing vibrant community-driven projects,” he said Raquel Lin, Co-founder and CEO by SynFutures.
This expansion to Base is a key part of SynFutures' multi-chain strategy for V3. Having experienced immense success since the launch of V3 on Blast, where the protocol consistently ranked as the number one DeFi derivatives protocol by trading volume, SynFutures is now bringing its criminal on-chain order book to Base. In just four months on Blast, the protocol has reached nearly $100 billion in cumulative volume, with over 4 million transactions and 142,000 users on-chain.
SynFutures will continue to support Blast as it expands its reach, doubling down on its commitment to being the go-to destination for trading trending tokens, including memecoins and altcoins. V3 already supported rogue pairs for trending tokens like PAC, DEGEN, YES, WIF, and ESE on Blast, and is now bringing this strategy to Base.
Summer of the Memecoin Perpetrator
Meme Perp Summer, running from June 18 to July 29, 2024, aims to highlight and reward emerging token projects that drive authentic traction and engagement. Selected projects can earn up to 10,000 USDC from the rewards pool, which will be used to purchase the project's token from their designated treasury or DEX and list on SynFutures. Meme trading pairs will be priced against WETH or USDC, offering additional trading opportunities and liquidity.
- Timeline: June 18, 2024 – July 29, 2024
- Rewards Fund (NASDAQ:): 100,000 USDC plus future allocations designated for airdrops
Key dates:
- June 18: Campaign launch and token project registration begins
- June 25th: Deadline for token project registrations and announcement of eligible projects and reward allocations
- June 26th: Listing of eligible token trading pairs on SynFutures with exclusive one-day promotion on our social media channels
- July 29: Meme Perp Summer Campaign Tentative End Date
Eligibility and participation: Token projects interested in participating must have an ERC20 token on Base, an active and engaged community, and a proven track record of driving without the intention of pulling the rug. Key requirements include:
- 5,000 followers on social networks
- Trading volume of $100,000 in the last 24 hours
- Participation and regular and active events on social networks.
- Trading pairs listed in v2
- Willingness to co-market with SynFutures
Token projects interested in participating in Meme Perp Summer should send a direct message to SynFutures' official X account, @SynFuturesDeFi. A member of the SynFutures team will respond to you with the registration form. The registration process will require project details, community metrics, and a commitment to meet participation requirements.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading of any asset and quote instantly. The V3 Oyster AMM launched the industry's first unified AMM and on-chain order book model.
Sponsors include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto and Framework Ventures, and the team has extensive experience in global financial institutions, fintech companies and technology companies blockchain like Alipay. , Bitmain, Credit Suisse, Deutsche Bank, Matrixport and Nomura Securities.
For more information, users can visit SynFutures: Website | Twitter | Warpcast
Contactmarketing directorMark LeeSynFutures[email protected]
This article was originally published on Chainwire.
