PARSIQ Partners with SynFutures
SynFutures is a DeFi platform focused specifically on creating open and trustless derivatives markets for blockchain users. While potentially very lucrative, derivative asset trading has been typically limited to high networth investors, or to parties with large portfolios.
In contrast to traditional markets, SynFutures aims to make derivatives trading available to anyone, at any time, on multiple blockchains. Recently having become the biggest derivatives-based DEX on Polygon, they are well on their way to achieving their goal!
A benefit of SynFutures is that it is a truly permissionless derivatives exchange which allows assets to be traded with just a few simple clicks. Their platform supports simplicity in listing assets (from popular tokens, to NFTs, and even real-world assets). It also allows users to easily provide liquidity or take leveraged positions on various asset pairs with a single currency, and provides simple parameters for setting one’s risk management preferences.
PARSIQ + SynFutures
A key element of SynFutures’ platform is the way they enable trading on any device with proper — up to the second — price feeds. In order to accomplish this, they need a data provider that not only delivers all of the data they need, but also one that can do so instantly.
That is where PARSIQ comes in!
With the launch of our new flagship product, the Tsunami API, PARSIQ provides immediate, real-time blockchain monitoring and blazing fast historical blockchain data. The Tsunami API marks the first step into setting a new standard for Web3 backend data.
Speed has always been a challenge for projects needing to make calls on historical data, revise and update their metrics, analyze the relation of past events, etc. As developers will know, this data can often take a long time to process — from several hours, even to days!
The Tsunami API is an exception in this regard: PARSIQ has made it possible for over 33 billion events to be processed in under 1 second!
By using PARSIQ’s Tsunami API, SynFutures will be able to provide their users with even more confidence that they have all the relevant information they need to make decisions with their digital assets.
For more information on the Tsunami API, check the link below!
SynFutures is a next-generation derivatives exchange focused on creating an open and trustless derivatives market by enabling trading on any device with proper price feeds. By cultivating a free market and maximizing the variety of tradable assets, SynFutures is lowering the barrier for entry in the derivatives market, creating a more equitable exchange market for digital assets.
PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which launched in July 2022, provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.