SynFutures Launches V3 on Layer-2 Blast

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Home > News

Published: 02/03/2024

-
Author: Kane

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

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


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Home > News

Published: 02/03/2024

-
Author: Kane

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

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Read Less
#Blast
#SynFutures
0.0/5

Love
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name

Save my name, email, and website in this browser for the next time I comment.

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Memecoin
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Memecoins Have Been Leading The Market For Several Days

Many major memecoins like Pepe or Bonk have consistently been on the top gainers list for the past few days.

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News | Altcoin | Editor Choice 01/03/2024

Blast Releases Mainnet, Expected Airdrop Redemption Schedule

Blast announces mainnet launch, also opens access for users to withdraw locked ETH from late November last year.

Azcnews Korea
News | Bitcoin | Editor Choice | Policy & Regulations 01/03/2024

Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin Rally

Amidst the surging momentum of Bitcoin, local cryptocurrency exchanges are witnessing a notable surge in returns.

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News | Altcoin | Editor Choice | Research 01/03/2024

What is Axelar Network? Information about Token AXL?

What is Axelar Network? What makes this project stand out? Explore its operational mechanism, roadmap, and information about the Axelar token.

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News | Altcoin | Editor Choice 01/03/2024

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Binance cryptocurrency exchange announces the listing of Axelar (AXL), with detailed information on the listing time and trading instructions for this token available here!

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