The New Leader in DeFi Derivatives Trading: The Rise of SynFutures

Decentralized Finance has become one of the most successful applications in the blockchain space, fundamentally changing the landscape of the crypto market. Cryptocurrency trading has gradually shifted from off-chain to on-chain, evolving from simple swaps to a broad ecosystem that includes lending, staking, and derivatives trading.

In the spot trading field, a certain DEX has become a leader in the industry with its pioneering centralized liquidity solution and permissionless listing mechanism. It provides users with efficient yield products and trading experiences, unleashing a large amount of on-chain liquidity and providing key infrastructure for the prosperity and diversity of the ecosystem.

In the derivatives space, SynFutures is rising in the same manner, being hailed as the "leader in the derivatives space." This article will delve into the mechanisms and innovations of SynFutures, as well as the opportunities it brings to the derivatives market.

Introduction to SynFutures

SynFutures is a decentralized perpetual contract protocol built on Blast, and it is the first derivatives protocol deployed on-chain after the launch of the Blast mainnet. It has now iterated to version V3. The Oyster AMM model in V3 is the first unified AMM and on-chain order book model in the derivatives space.

SynFutures' V1 and V2 are similar to certain DEX V2, based on the AMM model of the xyk formula. This model has issues such as low capital utilization and high slippage caused by poor depth.

In V3, SynFutures draws on the concentrated liquidity model and permissionless listing mechanism of a certain DEX V3, and has launched the Oyster AMM model based on the SynFutures sAMM model. The oAMM model allows LPs to concentrate liquidity within a specified price range, maximizing capital efficiency and liquidity depth, providing traders with a smoother trading experience and minimizing trading losses.

SynFutures has raised a total of $38 million in three rounds of financing, with investors including several top investment institutions in the industry.

Data continues to rise, potential begins to emerge

According to official data, SynFutures has accumulated a trading volume of $65.9 billion, providing over 3 million transactions for more than 110,000 users, with a single-day peak reaching $1.8 billion.

According to the data, SynFutures currently has a TVL of $70 million, with a daily trading volume stable at over $1 billion. Based on the annualized calculation of the past 30 days' data, SynFutures' annual fee income will exceed $125 million.

This demonstrates SynFutures' strong profitability, laying the foundation for the long-term healthy operation and continuous innovation iteration of the project.

Centralized Liquidity Solution for Derivatives Trading

The Oyster AMM model of SynFutures allows for the addition of liquidity within a specified price range, combined with leverage to enhance capital efficiency. Unlike the liquidity models of spot markets, the Oyster AMM adopts a margin management and liquidation framework tailored for derivatives trading, ensuring the safety of LPs and the protocol.

The oAMM model introduces bilateral liquidity, allowing the addition of liquidity using only one type of token without the need to provide a 1:1 ratio of both assets. Liquidity providers can list any trading pair, increasing the flexibility and options within the ecosystem.

The Oyster AMM model brings multiple advantages to liquidity providers and protocols:

1. Improve capital efficiency: Concentrated liquidity reduces the proportion of idle funds, increasing the utilization rate of capital.

2. Increase potential earnings: By concentrating funds within a specific price range, trading frequency and available capital increase, allowing LPs to earn more fees.

3. Better depth, lower slippage: Markets with better depth can attract more traders, creating a virtuous cycle that enhances market stability and health.

4. Implement true decentralization: a permissionless listing mechanism allows anyone to add any trading pair at any time, enhancing market responsiveness and flexibility.

The Blast ecosystem is booming, SynFutures is welcoming opportunities

Blast is about to airdrop, as a star Layer 2 project, it has attracted a lot of user attention. With the airdrop of Blast tokens, more on-chain protocols will launch TGE. SynFutures' permissionless token listing and centralized liquidity mechanism will provide rapid response for the ecosystem, stimulating market potential and flexibility.

The Odyssey event of SynFutures is ongoing, and users can participate in various ways to receive airdrop opportunities.

Future Outlook

Currently, more than 98% of transactions in the crypto market are derivatives trading, but only 1% of perpetual trading occurs on-chain. Decentralization is an unstoppable trend, and in the future, more and more users will move their trading on-chain. The derivation sector will become one of the most explosive and wealth-generating subfields.

The on-chain activity, trading volume, and user numbers of SynFutures continue to rise, occupying a leading position in the derivatives trading sector. With the explosion of the Blast ecosystem, SynFutures will welcome stronger growth. In the future, SynFutures will also carry out multi-chain deployment to further expand its user base and market share, bringing tremendous growth potential.