SynFutures Expands Derivatives Trading on Arbitrum via SushiSwap Integration
With the SushiSwap integration complete, users can list and trade futures on any Arbitrum trading pair.
After our initial deployment on Arbitrum last year, SynFutures is officially expanding support for the layer 2 network to enable users to access and trade a wider variety of Arbitrum assets in a truly permissionless way. Any Arbitrum asset available on SushiSwap can now be listed on SynFutures, greatly expanding the already large list of trading pairs available on our decentralized derivatives exchange.
Expanded support for Arbitrum assets is made possible through our recently completed integration with SushiSwap. SushiSwap deployed on Arbitrum last year and has since become the network’s most active decentralized exchange (DEX).
Integrating SushiSwap’s Price Feed
SynFutures relies on third-party oracle data to provide accurate pricing information for a given asset. To provide real-time price data for Arbitrum assets, we integrated SushiSwap’s price feed oracle, making the pricing information readily available for anyone in our community to access.
With the SushiSwap integration, the following Arbitrum pairs have already been listed by our community for trading:
Prior to SushiSwap, the only Arbitrum trading pair offered on SynFutures was BTC/USDC, which remains available for trading. The integration marks our official expansion within the Arbitrum ecosystem.
Bringing Permissionless Futures Trading to Arbitrum
Unlike other derivatives exchanges, whether centralized or decentralized, SynFutures enables a seamless, user-friendly and permissionless trading experience. Our aim is to democratize the derivatives market by empowering users to trade any asset at any time — and on any network.
SynFutures diving deeper into the Arbitrum ecosystem expands on that vision, giving our users and the Arbitrum community new opportunities to create arbitrage and hedge risk through derivatives.
“We want to empower all communities to list and trade any asset they desire on any network,” said Rachel Lin, co-founder and CEO at SynFutures. “By integrating with SushiSwap’s price feed, we’re making it easier for our users to list Arbitrum assets and create more trading opportunities. This is a core value proposition at SynFutures, so we look forward to seeing how our community leverages this new offering.”
The decision to expand within the Arbitrum network comes as our exchange sees continued growth on other blockchains like Polygon and BNB (formerly Binance Smart Chain), where cumulative trading volume has surpassed $4 billion in less than five months. With expanded support for Arbitrum assets, we’re excited to replicate some of our existing success on what we believe to be one of the most promising layer 2 ecosystems.
To start trading Arbitrum pairs, visit https://beta.synfutures.com/.
About SynFutures
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.
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About Arbitrum
Developed by Offchain Labs, Arbitrum is an “Optimistic Rollup” scaling solution for Ethereum. Arbitrum instantly scales apps, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is EVM compatible to the bytecode level. Arbitrum has launched Arbitrum One on Ethereum mainnet and the team is already working with hundreds of projects that are building on Arbitrum One.
