What is SynFutures?

Project Overview

SynFutures is a decentralized derivatives trading platform dedicated to providing a permissionless, transparent, and efficient trading environment. With three iterations completed, the latest SynFutures V3 introduces the innovative Oyster AMM model. This model combines single-token concentrated liquidity, leverage mechanisms, and a fully on-chain order book, bringing revolutionary improvements in capital efficiency and user experience to the derivatives market.

Innovations in SynFutures

V3 Oyster AMM

The latest SynFutures V3 features the Oyster AMM (Automated Market Maker) model. This new model integrates the best features of traditional order books and AMMs, enhancing capital efficiency, transparency, and security.

• Single-token Concentrated Liquidity for Derivatives: The Oyster AMM focuses liquidity within specific price ranges and incorporates leverage to improve capital efficiency. Unlike typical liquidity models for spot markets, it customizes margin management and clearing frameworks for derivatives, simplifying the ecosystem by using a single token.
• Fully On-Chain Order Book: While AMMs democratize market access, they require substantial liquidity to match the price impact of order book models. SynFutures V3 introduces an on-chain order book alongside the concentrated liquidity AMM, ensuring transparency, trustlessness, and censorship resistance by eliminating reliance on centralized management.
• Unified Liquidity Model: Oyster AMM combines concentrated liquidity and order books into a single model, providing tailored liquidity for both active traders and passive liquidity providers. This cohesive approach ensures efficient atomic transactions while avoiding desynchronization issues in dual-process systems.
• Stabilization Mechanisms to Protect Users: Oyster AMM incorporates advanced financial risk management mechanisms to enhance user protection and price stability. These include dynamic penalty fee systems to deter price manipulation and balance the risk-reward configuration for liquidity providers.

SynFutures Perp Launchpad

The SynFutures Perp Launchpad is the first crypto launchpad tailored for derivatives markets instead of spot markets. It allows anyone to launch perpetual markets for any asset, similar to how most DEXs operate for spot markets.
For Project Teams:

• Unlock New Token Demand: Token holders can benefit from leveraged trading and passive LP rewards.
• Access a Large User Base: Tap into SynFutures’ extensive user base and high liquidity.
  For Traders:
• Greater Profit Potential: Leverage trends for emerging tokens, meme coins, or other long-tail assets.
• More Arbitrage Opportunities: Explore unique on-chain arbitrage or rewards for trading newly listed tokens.
  The SynFutures Perp Launchpad lowers the barriers to launching perpetual contracts. More importantly, it provides a vital value discovery channel, enabling perpetual market pricing for assets ranging from blue-chip “restaking” tokens to meme coins.

Key Metrics

Since its V3 launch on the Blast mainnet, SynFutures has shown impressive performance:

• Trading Volume: SynFutures V3 consistently ranks among the top three perpetual DEXs in daily trading volume, surpassing platforms like DYDX and GMX.
• Total Value Locked (TVL): Driven by incentive programs such as Oyster Odyssey and Blast Gold Points, the platform’s TVL quickly reached $44 million after launch.
• User Engagement: The introduction of innovative features and incentive programs has significantly boosted user engagement, attracting thousands of new addresses and active traders.

Funding Background

2021-1: Completed a $1.4M seed round led by Dragonfly and Standard Crypto.
2021-6: Raised $14M in a Series A round led by Polychain Capital, with participation from Pantera Capital, Wintermute, and others.
2023-10: Secured $22M in a Series B round with investments from Pantera Capital, Susquehanna International Group, and more.

F Tokenomics

Token Utility
The $F token serves as the native asset of the SynFutures network, with applications in staking, gas fees, and decentralized governance.

1. Voting Rights and Stakeholder Involvement:
   $F holders drive the SynFutures ecosystem by staking their tokens, which translates directly into voting power. Holders can vote on proposals such as new feature integrations, risk parameter adjustments, and other strategic initiatives.
2. Airdrop Incentives:
   Whether received via airdrop or purchased on exchanges, $F tokens can be staked to increase future airdrop incentive accrual rates. SynFutures will soon release more details on staking rules and Season 2 events.
3. Fee Discounts and Rewards:
   $F holders are eligible for fee discounts and potential future rewards based on the number and duration of staked tokens. A separate announcement will outline the fee discount program upon its launch.

Token Allocation
The total supply of $F tokens is 10,000,000,000, with an initial circulating supply of 12% (1,200,000,000 tokens).

• Ecosystem and Community: 28.5%
• Supporters and Advisors: 23.5%
• Foundation: 25%
• Liquidity: 3%
• Core Contributors: 15%
  
  Gate.io Now Supports $F Spot Trading