SynFutures Review: Is It Safe? Fees, App & Ranking

SynFutures

3.60

5-10 years

Not Regulated

Exchange

Questionable Regulatory License

No Regulatory License

Be aware of the risks!

Basic Information

Country/Region

Singapore

Exchange AbbreviationSynFutures

Company NameSynFutures

Operating Period5-10 years

Websitehttps://www.synfutures.com/

Exchange TypeDecentralized Exchange

0.00/10

Score

Regulation

Risk Control

Business

Reputation

Tech

RiskNotice

2 risk alerts

High Risk 1

Medium Risk 1

Exchange Overview

What is SynFutures?

SynFutures is an on-chain trading protocol for crypto assets and real-world assets (RWA), bringing stocks, ETFs, and derivatives to on-chain trading.

Business Region

InfluenceD

News

SynFutures V3 Goes Live on Base, Launches Meme Perp Summer

SynFutures, the onchain perp protocol for listing and trading any asset, is now live on Coinbases L2 network Base. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures Oyster Odyssey (O_O) points.　　Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on Layer 2.　　SynFutures multichain expansion to Base comes as SynFutures V3 on Blast surpasses $100 billion in cumulative trading volume in less than four months, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3. With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any asset to the Base ecosystem.　　Launch Partners and Meme Perp Summer　　SynFutures has teamed up with some of the top projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer.　　Among the new asset pairs are:　　· $DEGEN/WETH　　· $CHOMP/WETH　　· $BOOMER/WETH　　· $ISK/WETH　　In addition to popular memecoins, SynFutures will list

2024-07-03Exchange

SynFutures TVL Hits $62 Million Amid Base Expansion

Decentralized derivatives protocol SynFutures has announced plans to expand its market share and is considering a Coinbase Layer-2 network as its platform.　　The venture will enable its commitment to support emerging meme coin projects with incentives available for the best performers.　　SynFutures Joins the Meme Coin Craze　　In a recent X post, SynFutures announced plans to expand its market reach on the Coinbase L2 network, Base. The decentralized derivatives protocol will also launch a six-week campaign blitz christened “Memecoin Perp Summer.”　　This marketing strategy is toward expanding community asset listings. Based on the post, there are rewards or incentives for the meme communities that will drive organic traction on Base.　　“SynFutures will offer 100,000 USDC and future airdrop allocation to support the growth of emerging token projects that meet participation requirements,” reads the excerpt.　　The 6-week campaign, which began on Tuesday, June 18, will conclude on July 29, 2024, marking the tentative end of Meme Perp Summer. The eligibility criteria stipulate that projects must have an ERC20 token on Base that does not represent any underlying assets. An active and engaged community and a record of accomplishment driving community traction without the intent of rug-pull are also requirements.　　SynFutures entered the market as a decentralized perpetual futures

2024-06-19Exchange

On-chain derivatives need more capital efficiency to rival centralized exchanges: SynFutures CEO

On-chain derivatives trading volume registered an all-time high in March when it reached nearly $317 billion. Rachel Lin, co-founder and CEO of the decentralized exchange for perpetuals trading (perp DEX) SynFutures, highlighted to Crypto Briefing that there are still capital efficiency problems hindering perp DEXs growth despite recent developments.　　Lin explained that the current AMM models struggle to compete with centralized exchanges order books: despite offering better transparency, they struggle to address high slippage when liquidity is low, which is a big concern for investors.　　“Like the previous versions, SynFutures V3 introduces an upgrade that majorly impacts liquidity providers (LPs) and traders. The new version comes with a new AMM model called Oyster AMM (or oAMM), allowing LPs to provide concentrated liquidity for any derivative pair listed on the platform. In SynFutures V1 & V2, LPs can already provide single-token liquidity, but with the new AMM, LPs will also be able to provide single-token concentrated liquidity, ie. liquidity that is concentrated within specific price ranges.”　　This new feature could improve capital efficiency for liquidity providers and get them higher returns while decreasing slippage for traders, Lin added.　　Increasing regulatory scrutiny is crashing volumes　　Although on-chain derivatives trading volumes showed a solid performance in March, this

2024-05-25Exchange