SynFutures Launches V3 on Layer-2 Blast

SynFutures decentralized derivatives exchange has just announced the deployment of version 3 on the layer-2 Blast, along with the unveiling of its rewards program and token launch plans.

Azcnews Breaki1ng

Posted on X day today (01/03), SynFutures has launched version V3 on Blast – a layer-2 mainnet deployed on the same day, enabling users to withdraw ETH staking since November last year.

In addition, the Perp DEX also introduces a rewards program called Oyster Odyssey, where users “interact farm” on V3 can receive upcoming airdrops from both Blast and SynFuture simultaneously.

Rachel Lin, co-founder and CEO of SynFutures, told The Block about the rewards program:

Interacting with SynFutures can help users qualify for Oyster Odyssey points as well as Blast points… We also commit to returning 100% of the airdrop to users contributing on Blast, so they will enjoy many benefits.

According to a close source, SynFutures plans to launch its token later this year. In October last year, after the DEX raised $22 million in Series B funding, the exchange hinted at the possibility of issuing tokens as part of its development roadmap.

Related: Blast Releases Mainnet, Expected Airdrop Redemption Schedule

About SynFutures

SynFutures first introduced V3 on the Ethereum testnet in October last year. The DEX then planned to launch the mainnet on several chains including Polygon and zkSync Era. However, the final decision was to deploy on Blast.

CEO Rachel Lin said the project will continue to expand cross-chain, but has not yet decided which blockchain is the next destination. She said: “Our current focus is to drive adoption on Blast.”

Lin shared that SynFutures V2 is still available on Polygon, but the project has started phasing out support and shifting focus to V3. On the other hand, V1 has been discontinued. Lin said versions V1 and V2 have processed a total trading volume of over $23 billion to date.

So far, SynFutures has raised a total of $36 million in funding and is backed by investors including Pantera Capital, HashKey Capital, and SIG DT Investments (a unit of Susquehanna International Group).

Synfutures Raises

5.0/5

(6 votes)
  1. Avatar of Asghar Hussain
    Asghar Hussain

    *beautiful day

  2. Avatar of YH
    YH

    期待

  3. Avatar of Sekou Koulibaly
    Sekou Koulibaly

    Merci

  4. Avatar of 00
    00

    0p
    ?;⁠-⁠):⁠-⁠$O⁠_⁠o

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Bingx Announces Listing Of Swarm Markets (smt)

Altcoin | Editor Choice

BingX Announces Listing of Swarm Markets (SMT)

BingX exchange announces the listing of Swarm Markets (SMT) - a DeFi platform licensed by the Germany's Federal Financial Supervisory Authority (BaFin).

Azcnews Nigeria Confirm

News | Editor Choice | Policy & Regulations

Central Bank of Nigeria Confirms Not Blocking Crypto Users

The Central Bank of Nigeria (CBN) has officially confirmed reports of their freezing of user accounts on platforms such as Bybit, OKX, Kucoin, and Binance as fraudulent.

Azcnews President Joe Biden Proposes Highest Tax Rate In History

News | Editor Choice | Policy & Regulations

President Joe Biden Proposes Highest Tax Rate in History

US President Joe Biden has just proposed increasing capital gains tax to 44.6%, marking the highest federal capital tax rate ever.

Bitcoin Dip 64500

News | Bitcoin | Editor Choice

Bitcoin Dips to $64,500, Yet Scarcity Remains High

Despite Bitcoin dipping slightly to $64,500 currently, most experts believe that prices will soon enter a bullish cycle.

What Is Gas Fee

Blockchain | Editor Choice | Research

What is Gas Fee? A Guide to Optimizing Gas Fees Effectively

In any blockchain environment, Gas fees play a crucial and nearly irreplaceable role. So, what is Gas fee? How can you optimize Gas fees? Let's find out!