SynFutures and Degen Partner to Boost DEGEN/ETH Perp Market on Base
SynFutures and Degen will collaborate to boost DEGEN liquidity and onchain activity.
Last month, we announced Degen, one of the top trending memecoins, as one of our launch partners on Base. With the $DEGEN/ETH perp market now listed, we’ll continue to work together to boost the DEGEN perp market on SynFutures and grow our respective communities and user activity together.
About Degen
Degen, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with DEGEN for posting quality content. The points system recognizes unique posts and comments, bridging the gap between online contributions and real-world value.
During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster’s Degen channel, and there are plans to airdrop 70% of the token’s total supply eventually.
Boosting the DEGEN Perp Market
Degen has added liquidity to SynFutures to boost the Degen perp market on SynFutures. Users can deposit to earn SynFuture O_O points, trading fee rebates, and a DEGEN annual percentage yield (APY).
“Degen is one of the most notable memecoins on Base, so we’re excited to collaborate with the team to boost the DEGEN perp market. Together, we’ll create a dynamic and rewarding trading environment,” said Rachel Lin, co-founder and CEO at SynFutures.
“We’re thrilled to be collaborating with SynFutures to offer a Degen perp market. This partnership allows our community to access leverage trades, providing valuable insights into market trends and sentiment among our Degens. We believe in the power of free markets, and having a perps market enhances the trading experience, offering greater opportunities and benefits for our community,” said Jacek, founder at Degen.
Follow SynFutures and Degen on X to stay updated on news and updates!
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021.
Learn more:
Website | YouTube | X | Discord | Telegram | Github
About Degen
DEGEN is a reward token for users of Farcaster, utilizing a unique tip allowance mechanism that empowers the community to distribute funds and reward quality content creators. It also powers the Degen chain, one of the pioneering L3s launched on Base, offering a platform for building and using Degen apps, often referred to as the “Las Vegas of blockchains.”
