The derivatives track is the driving force for the innovation and rise of DEFI in this cycle. According to traditional financial development data, the global derivatives market has reached 99 trillion US dollars in 23 years, while the stock market is only 89.5 trillion, which is 110 times the size. In the most watched DEFI market of Web3, derivatives are undoubtedly the direction with the highest attention.
Today we introduce UNI in the derivatives field: @SynFuturesDefi, whose trading volume has soared 90 times in the past month and has long been ranked among the top three derivatives DEXs.
23 years ago, the derivatives trading volume of the top 10 CEX exchanges was four times that of spot trading, and the derivatives trading volume reached 28 trillion US dollars.
In the DEX field, the derivatives trading volume in 23 years was only 0.55 trillion, which is less than 1/50 of CEX. Due to the impact of the FTX incident, people's demand for decentralized trading has gradually increased. Coupled with the improvement of AA wallets and infrastructure in the future, decentralized derivatives DEX will undoubtedly have huge growth potential.
SynFuturesDefi is a leading derivatives DEX that integrates the advantages of traditional order books through the innovative Oyster AMM, enabling anyone to list and trade perpetual contracts and futures of any asset.
The project aims to become the UniSwap of the derivatives track, by creating an open and trustless derivatives market, introducing permissionless asset listings, achieving wide trading pair support and complete decentralization, and leading a new chapter in derivatives DEX.
core advantages:
1. Oyster AMM model — efficient and transparent
The oAMM model combines the advantages of the traditional order book and the characteristics of AMM, realizing a fully on-chain order book that is naturally integrated with the underlying blockchain. It can realize the composability and scalability of DEFI, and the data is stored on the chain and can be verified by everyone. It is efficient and open and transparent. Compared with the semi-centralized dYdX order book model, SynFutures is more secure and has greater scalability.
2. Centralized liquidity – capital efficiency
Compared with the traditional LP group or stablecoin model, SynFutures only needs a single currency to provide liquidity, without the tediousness of bilateral liquidity, which simplifies the operation process and reduces uncompensated losses. The centralized liquidity is based on UniV3, and oAMM improves the utilization of funds by allowing LP to add liquidity to a specified price range. From the white paper, we know that the fund efficiency can be up to 26,000 times.
3.30 seconds permissionless listing - capturing market opportunities
Compared with traditional derivatives, DEX is determined by the project party and the community to issue tokens, resulting in a slow response to market hotspot tokens. oAMM, like UNI, can realize on-chain deployment of trading pairs, allowing anyone to freely create perpetual contracts in 30 seconds without listing coins, including popular meme coins, etc. This move has achieved the democratization of market access, provided automated market maker functions for niche assets, and enhanced diversity.
4. High commission rebate
Compared with the traditional currency holding rebate and liquidity rebate, SynFutures provides handling fee rebates as long as you use limit orders. Through the oAMM model, liquidity is provided. After the limit order is eaten, the user gets a share of the transaction fee, and the commission is directly returned to the margin account. This democratic rebate model is gradually being sought after by market makers and users, and the overall rebate ratio is also the highest in the industry. As shown below.
5. Support any ERC20 token as margin
Compared with the mainstream asset margin model of dYdX and Hyperliquid. SynFutures innovatively supports any ERC20 token as margin, creating a precedent for derivatives DEX. Since each pool of oAMM is independent, they will not affect each other. This design allows oAMM to theoretically support the use of any ERC20 Token on the market as margin, which can control risks and increase user experience.
Outstanding innovation brings strong data growth performance
Since SynFutures V3 was launched on Blast mainnet on 02-29:
• Cumulative transaction volume exceeds 64.7 billion US dollars
• Daily trading volume exceeds 1 billion USD
• TVL over 70m
• More than 34,000 active addresses in 7 days
It is currently the largest decentralized derivatives exchange on Blast. We believe that in the near future, as it further develops and expands, its various indicators will surpass projects such as GMX and dYdX.
Derivatives DEX rankings, long-term ranked in the top three. The average daily trading volume exceeds 1 billion US dollars, exceeding DYDX and Hyperliquid.
Data growth:
•7D, leading dYdX, and Hyperliquid grew at -5.72% and -22.19% respectively, while Synfutures grew at -1.23% during the same period
•1M, leading dYdX, Hyperliquid growth rates were -22.19% and -44.57% respectively, while Synfutures was over 72% during the same period
And SynFutures' growth curve remains steep!
In addition to impressive data, security cannot be ignored
① Smooth price curve: In addition to using the PYTH oracle, a self-developed EMA calibration price curve is superimposed to reduce the risk of oracle attacks.
② Dynamic penalty mechanism: In case of malicious manipulation, additional transaction fees will be charged as a penalty. The fees collected will be distributed to LPs, reducing the motivation for malicious behavior.
③Security audit + high bug bounty reward.
There will be an airdrop plan in the near future, which can kill three birds with one stone: you can earn Blast points + Blast Gold + SynFuturesO_O points.
O_O points are distributed every two weeks according to the frequency of Blast, and are proportional to the user's trading volume. Market makers and users can earn Blast points through margin deposits and LP positions, and the interest rate per TVL is the same as the Blast yield.
mechanism:
First-tier institutions, luxurious investment lineup, total financing amount up to 37.4 million US dollars
-Seed round received $1.4 million in funding from @dragonfly_xyz and @standardcrypto
-Received USD 14 million in Series A funding from @polychain, @PanteraCapital, @IOSGVC and other institutions
-Received USD 22 million in Series B funding from @PanteraCapital , @HashKey_Capital and other institutions
team:
Rachel Lin is the co-founder and CEO of SynFutures. She has served as senior vice president of Matrixport, senior expert of Ant Financial, and vice president of Deutsche Bank's Global Markets Department. She has many years of experience in financial derivatives, Internet finance, and large-scale blockchain payment projects.
Matthew Liu is the co-founder and CSO of SynFutures. He was previously the head of global partnerships at Ant Group and graduated from Peking University.
Summary: SynFutures V3 has a complete innovation mechanism, a paradigm revolution of the oAMM model, excellent user experience, and impressive data growth. Through democratization, decentralization, and full-chain mechanisms, as well as the recent rich Blast points airdrop activities, I believe SynFutures will lead the decentralized derivatives track to the top!
