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SynFutures

Category : DEX, DeFi

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Overview

Total XP Rewards

60

Estimated Rewards

$10M

Funding

$36M

Current Stage

Season 2

Total value locked

$51.22M

Unique Users

268,945

Chains

chain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/3

TGE

December-2024

Type

DEX

Confirmed

Yes

Date

8 months ago

Introduction

  • SynFutures is a leading decentralized protocol for perpetual futures that allows users to trade any asset and create customized futures contracts quickly. 
  • It leverages automated market making and decentralized oracles to ensure efficient and reliable trading.

Tasks

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Fundamentals

  • Decentralized Prediction Market: Synfutures is a decentralized platform for prediction markets where users can create and trade on prediction contracts.
  • Non-Custodial: It operates on a non-custodial model, meaning users retain full control of their assets and private keys at all times.
  • Customizable Contracts: Users can create customizable derivative contracts with various parameters, such as expiration time, asset types, and outcome definitions.
  • Automated Market Making (AMM): Synfutures uses an AMM model to facilitate trading, providing liquidity and enabling users to trade contracts efficiently.
  • Oracle Integration: Utilizes decentralized oracles to provide accurate and reliable price feeds, ensuring fair and transparent trading of futures contracts.
  • Liquidity Mining: Users can earn rewards through liquidity mining by providing liquidity on the platform.

Potential Rewards

  • Synfutures will distribute tokens through airdrops to reward early adopters and active users of the platform.
  • Oyster Odyssey is a decentralized platform for trading and managing digital assets in an immersive virtual environment with blockchain integration.
  • Users who participate in specific activities, such as trading or liquidity provision, might be eligible for rewards.
  • Ongoing campaigns involve earning points through various platform activities, which could be exchanged for airdropped tokens or rewards.

Investors

  • Polychain Capital
  • Pantera Capital
  • DragonFly Capital

Audit

  • Quantstamp

Features

  • Synfutures is optimized for high-speed execution, enabling users to create and trade futures contracts within seconds.
  • It Supports cross-chain functionality, allowing users to trade and interact with futures contracts across multiple blockchain networks.
  • Synfutures Offers dynamic margin and automated liquidations to manage risks.
  • Implements privacy-enhancing technologies to protect user data and transaction details.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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