Bifrost Announces Strategic Partnership with SynFutures, Global Leader in Perpetual DEXs
We are proud to announce that Bifrost has entered into a strategic partnership with SynFutures, the world’s leading decentralized perpetual exchange (Perp DEX). This collaboration aims to accelerate innovation in the DeFi ecosystem by combining Bifrost’s cross-chain technology with SynFutures’ expertise in synthetic asset trading.
Since its inception in 2020, SynFutures has consistently developed and updated its products to provide a secure and user-centric service experience. The platform’s commitment to excellence has been recognized by leading industry investors, including Pantera, Hashkey Capital, Polychain, Framework Ventures, Standard Crypto, Dragonfly, Bybit, CMS, Wintermute, Woo, and IOSG Ventures. This consistent growth and development have culminated in SynFutures V3 recently achieving the highest trading volume among all decentralized exchanges, with a remarkable $100 billion in trading volume since 2021, showcasing its dominance in the DeFi space.
A key aspect of this partnership is that BtcUSD is advancing to a new phase by integrating beyond BTCFi into the SynFutures platform. This integration will enable BtcUSD to be listed as a tradable asset on SynFutures’ DAOPerps, providing users with expanded trading options. Notably, users will be able to trade and provide liquidity for the BtcUSD/USDC pair with up to 10x leverage. For the first 2 weeks, they will receive a 50x Oyster Odyssey (O_O) boost, followed by a 10x boost afterwards.
BtcUSD will continue to expand through this type of collaboration. The integration with SynFutures will open up a range of strategies for BtcUSD users to potentially achieve higher returns, which is expected to lead to increased liquidity and demand for BtcUSD.
Furthermore, this partnership has further strengthened the scalability and stability of the Bifrost network. The combination of SynFutures’ advanced trading infrastructure and Bifrost’s cross-chain technology will provide users of both platforms with a safer and more efficient trading environment.
Both companies are committed to joint marketing efforts to increase the utility of BtcUSD. We plan to leverage various channels, including AMAs and podcasts, to showcase BtcUSD as a core asset to users. Additionally, users will have the opportunity to participate in the SynFutures x Bifrost Quest for additional rewards.
Bifrost and SynFutures are excited about this partnership and look forward to contributing to the advancement of the DeFi ecosystem while delivering greater value to our users globally.
