SynFutures
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SynFutures

7000+ Users, v1.2 Dapp Upgrade — Closed Alpha 1.5 Months

SynFutures Community Update: v1.2 Release and User Milestone

About SynFutures

SynFutures is an upcoming derivatives protocol, currently in V1 Closed Alpha phase. The team is a combination of crypto natives and Wall Street top guns, with the idea to build a solid infrastructure for future DeFi derivatives on Ethereum and other L2/side chains. In June 2021, SynFutures announced $14mn Series A funding led by Polychain Capital with participation from Framework, Pantera Capital, Bybit, Wintermute, CMS, Kronos, and IOSG Ventures. Earlier in 2021, it announced a seed round backed by Dragonfly Capital and Standard Crypto.

You can visit the website to register for V1 Closed Alpha early access. or join discussions on Medium / Twitter / Telegram / Discord.

Latest Updates

Update #1: 7,000+ users have registered to date. We’re completely ecstatic about the astounding user growth we’ve experienced! It’s only been a few months, and adoption for our platform is growing at rapid rates. Thanks again to everyone who has joined so far!

Update #2: Our long-awaited v1.2 upgrade is here. Our team knows that everyone’s been eagerly awaiting the next iteration of our protocol, and we’ve got plenty of new exciting features that will get you jumping out of your seat!

Update #3: Ambassador program formally launched in late July, now with 100+ 1-star ambassadors, and growing! Complete the missions and join the team!

User Feedback

Over the last few weeks, we’ve been collecting and reviewing additional user feedback. We hope all of our community members have been enjoying what SynFutures has to offer! Everyone’s comments and feedback are greatly appreciated, and we take them all very seriously.

The v1.2 version of SynFutures contains the following updates:

✅ Trading Features

  • Filtered for tradable pairs in trade tab display
  • Allowed users to close position when close to liquidation
  • Added additional logics to deposit and withdraw functions

✅ UI/UX

  • Improved default display for users not connected with wallet
  • Updated default display in loading state on trade page
  • Added “unknown” type of transaction history
  • Added history icon in position detail on trade page

✅ Help & Support

  • Migrated to Intercom-based FAQ
  • Migrated to Omnisend-based sign-up process

✅ Bug Fix

  • Fixed display for trade page base/quote selector
  • Fixed display for liquidation events in history details
  • Fixed display for liquidity positions

As always, our team will continue to monitor all feedback and progress with this new upgrade. We’re always here to answer any questions you may have!

Follow us right here on our Medium blog to receive the latest pertinent updates — there’s much more in the pipeline coming your way!

What’s Next

We have launched the Ambassador Program through which we will recruit ambassadors and volunteers to champion the SynFutures project. We aim to build a strong army of loyal SynFutures fans that will actively promote the projects across various online platforms. During the recruitment process, members will be required to complete specific tasks to join the groups. Those that complete more missions will be ranked higher and stand a chance to winner bigger rewards from the program’s prize pool.

Want to join as an Ambassador? Check out the program here to complete

Mission 1.

Bitcoin Hash Rate Futures are now live on our platform giving our users the chance to trade these derivatives easily on SynFutures. Traders will now be able to earn returns through these derivatives that factor the risks associated with changes in the Bitcoin mining difficulty. The Bitcoin Hash Rate Futures also provide miners an opportunity to hedge against these risks.

Want to read more about the first permissionless Bitcoin Hash Rate Futures? Check out the blog here.

Mission 2

We have released the details of Mission 2 outlining the rules of engagement and how our community members can participate.

Here are the rules:

1. Go to Synfutures’ dApp and get some trading experience!

2. Make sure your trading volume is more than 500 USDC (or equivalent to 500 USDC), including long and short positions!

3. Post your wallet address which you used to trade with and the Network you traded on (ETH, Polygon, Arbitrum, BSC) on the Discord channel “mission-2-record”.

Mission 1 Winners

For those of you that have participated and completed Mission 1, we would like to sincerely Thank you as we’ve successful kickstart SynFutures Ambassador program with a bang.

We’ve got ourselves a batch of Winners for Mission 1🤩

Congratulations to all the winners. 🏆 Reach out to us on Discord to claim 100 USDC Reward

Twitter / Discord

@lodgiq_ / jazz#7784

@dvnielng / dng#6346

@CryptoSoil / LaniAkea#0236

@Nhexus1 / NEXUS#4067

@Xin32487990 / Ayaya#2229

@BreeSeven / Ana#4714

@Cllaytus / Cllaytus#1671

@thecryptofaq / Ms amiable#0777

@boodovskiy / budovskiy#4624

@Maxonchikz / Tvojbatya#6470

Join our community!👪

Please visit our website at www.synfutures.com or join discussions on Medium / Twitter / Telegram / Discord.

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