Singapore, Singapore, July 2, 2024, Chainwire
SynFutures, the on-chain perp protocol for listing and trading any asset, is now available on Coinbase’s (NASDAQ:) Base L2 network. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures Oyster Odyssey (O_O) points.
Additionally, SynFutures will be launching a series of new listings over the coming weeks as part of Meme Perp Summer, a six-week flash campaign to expand community asset listings and reward meme communities on Layer 2.
SynFutures’ multi-chain expansion to Base comes as SynFutures V3 on Blast surpasses $100B in cumulative trading volume in less than four months, cementing it as the leading perpetual DEX across all chains and one of the most active DeFi dApps on Web3. With its industry-leading Oyster AMM, combining a concentrated liquidity model and on-chain order book, SynFutures aims to bring the best on-chain futures and perps experience for any asset to the Base ecosystem.
Launch Partners and Meme Perp Summer
SynFutures has partnered with some of the biggest projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer.
New asset pairs include:
- $DEGEN/WETH
- $CHOMP/WETH
- $BOOMER/WETH
- US Dollar/Western Currency
In addition to popular memecoins, SynFutures will include Liquid Staking Derivative Assets (LSD) and Liquid Staking Tokens (LRT), crucial for bringing organic liquidity and yield to the onchain space.
Listed LSD and LRT asset pairs include:
- wstETH/ETH from Lido
- weETH/ETH from ether.fi
- wrsETH/ETH from Kelp DAO
SynFutures is using Chainlink, a decentralized blockchain oracle network, to provide a comprehensive price oracle infrastructure for our Base implementation.
Fee promotion for major asset pairs
As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs such as BTC and ETH pairs. Starting from July 1, 2024, the SynFutures team will reduce the trading fee (taker) for major pairs from 3 basis points (bp) to just 2 bp.
In addition, to simplify the trading experience, all traders will enjoy the benefits of the highest level VIP rate during this promotional period.
Oyster Odyssey points extension
SynFutures also reassures Blast users that the O_O points earned during the Blast season will not be diluted with the launch of Base. The total points have been increased. Rewards distributed in Base will be separate and additional to those in Blast.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading of any asset and listing instantly. The Oyster V3 AMM launched the industry’s first unified AMM and permissionless on-chain order book. Backed by leading investors such as Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed over $100B in trading volume since launching in 2021.
Users can learn more by visiting: Website | YouTube | X | Discord | Telegram | Github
ContactMarco Lee[email protected]
This article was originally published on Chainwire
