SynFutures V3 Launches on Blast Mainnet, Offering 3x Points through Oyster Odyssey Ahead of Token..
Users can start trading to earn Blast, Blast Gold, and SynFutures O_O points ahead of TGE
It’s finally here! SynFutures V3, the latest version of our decentralized derivatives trading protocol, is live on Blast mainnet! Now that we’ve officially brought permissionless perps to Blast, users can earn up to 3x the rewards potential through Blast, Blast Gold (Big Bang developer airdrop allocation), and our new points program, O_O, or Oyster Odyssey!
We’re also airdropping O_O points to Blast, dYdX, GMX users, and Pudgy Penguins holders for one day only! Register now and try out your O_O luck! 🍀
LP Rewards
Liquidity providers can receive triple airdrop opportunities from the Blast native token airdrop, 50% of SynFutures’ Blast Gold, and O_O point rewards!
Trader Rewards
Traders can also get 3x rewards from the Blast airdrop, the other 50% of SynFutures’ Blast Gold, and $500,000 in SynFutures Grand Prix trading competition rewards! (More info to be shared soon!)
OG SynFuturers Rewards
We haven’t forgotten about our V1 and V2 users! Traders, LPs, and participants in previous events will receive corresponding rewards in the future. Stay tuned for more!
Start trading on V3!
The Path to a Token Launch
Along with our deployment on Blast and O_O, we’re pleased to reveal we’re exploring the path to a token. Launch details and a timeline will be shared soon
What is SynFutures?
If you’re new to our decentralized derivatives trading platform, welcome!
Launched in 2021, SynFutures has become one of the most actively used perps DEXs in Web3, surpassing more than $23 billion in total trading volume and 100,000 users. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, and Deutsche Bank.
SynFutures employs rigid risk management and security practices, from its Quantstamp-audited smart contracts to advanced risk management mechanisms to enhance user protection and price stability. Find more information in the SynFutures V3 audit report.
The Journey to V3 Mainnet on Blast
This monumental milestone follows our Public Testnet and Alpha phases, the first of which began in October 2023. Later in November, we shared our intentions to launch the mainnet version on Blast, given the native yield and other benefits, which our CSO Matthew Liu expands on in a blog post.
The excitement from our community and the growing Blast ecosystem was immediate. Once deployed on the Blast testnet, SynFutures V3 saw over 12,000 transactions in 24 hours, accounting for 10 percent of all Blast testnet transactions.
Our win in the Blast Big Bang competition further ignited the excitement. Out of hundreds of dApps building on Blast, SynFutures was chosen to receive promotional support from the Blast team and a piece of the Blast airdrop, among other incentives.
Check out our winning video entry from our CSO, Matthew Liu.
While the mainnet has just launched, we’re excited to be among the top projects on Blast!
Trading on SynFutures V3
If you’ve traded during the V3 Public Testnet, you’ll find the trading and LP experience quite similar. Among the most notable updates is the introduction of Oyster AMM (also referred to as an oAMM) ), an innovative market maker (MM) model that combines the best of the order book and AMM to maximize capital efficiency and serve a broader range of traders and investors.
Oyster AMM embraces two-sided liquidity but only requires a single token, eliminating the need to provide liquidity for both ends of a token pair and enhancing the overall efficiency of the trading ecosystem.
Oyster AMM offers a unified liquidity system tailored to active traders and passive liquidity providers and a fully on-chain order book to guarantee transparency, trustlessness, and anti-censorship.
Join the Oyster Odyssey!
Along with our V3 mainnet rollout, we’re launching a new points system, Oyster Odyssey, or O_O for short. Starting today, users can visit the V3 mainnet and earn points, which will be crucial in our journey toward complete decentralization and DAO governance.
How to Earn Points
Go to the O_O main page.
•Connect your wallet, sign in with your X account, and Join Discord.
•Once you’ve completed the sign-in process, you can begin earning points!
Points are awarded when users place limit orders and/or provide liquidity in designated pools. Before trading or adding liquidity, ensure the pair or pool is marked as Oyster Odyssey eligible. The more activity you exhibit, the more mystery boxes and spins you can obtain! Want to increase your luck? Invite friends to join your squad. Together, you can earn even more rewards!
Get ready for the Grand Prix!
To celebrate the launch of V3, we’re hosting the largest DeFi trading competition ever! With a prize pool of 500,000 USDC, there’s more opportunity than ever to trade on SynFutures and reap the rewards!
The competition begins in about a week, with the exact date to be shared first on our X account. To ensure fairness, the competition will be divided into the “Masters” for experienced traders and the “Open” for all others. Each round (or circuit for racing fans) will last one week, and a top trader will be named weekly. Stay tuned for more details!
About SynFutures
SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds. Deployed on multiple blockchains, SynFutures has processed more than $23 billion in trading volume since its launch in 2021.
