SynFutures Integrates wstETH Perp Market and Announces Lido Trading Contest
$wstETH holders can receive O_O boosts and rewards for trading wstETH/ETH on SynFutures.
After expanding to Base earlier this month, we’re excited to announce Lido, the liquid-staking protocol, is part of the DAO Perps program on Base! Users can now trade and LP wstETH/ETH with up to 10x leverage and receive 200x Oyster Odyssey (O_O) points for 14 days, followed by a 100x point boost for a limited time. Additionally, users can share $30,000 in rewards through the SynFutures x Lido trading competition!
About SynFutures’ DAO Perps Program
Through the DAO Perps Program, SynFutures is incorporating liquid staking token (LST) assets as liquidity provision and margin tokens. The process involves a collaborative effort between the participating project and SynFutures, and it includes projects allocating a specific amount of their native tokens to provide liquidity on SynFutures V3, providing incentives, and managing liquidity. SynFutures also commits to extensive co-marketing efforts to promote the listed asset, including Social media blasts, AMAs, and other promotional activities.
About Lido
Lido is a liquid-staking protocol built to make staking as secure and decentralized as possible. As a family of open-source, peer-to-system software tools, Lido is currently deployed and functioning on the Ethereum, Solana, and Polygon blockchain networks. The Lido protocol is governed by the Lido DAO, an independent collection of contributors, staking enthusiasts, and governance participants.
As one of the first Base partners to participate in the DAO Perps program, Lido Finance sets a precedent for other projects to follow suit and take advantage of the available brand awareness and adoption opportunities.
Trading Competition
In addition to earning O_O points, users can also trade and LP wstETH/USDC pairs for a chance to share rewards! Join the competition.
The competition will run from July 31, 2024, through August 30, 2024.
How to join
- Follow SynFutures and Lido Finance on X.
- Retweet the event post.
- Share your wstETH/ETH trading position on SynFutures on X and submit it using the Google form: https://forms.gle/3mh3PJFXv31dPNNK6
- Participants rank based on the total trading volume of wstETH/ETH pairs.
Prize Distribution
- Top 1: $3,000
- Top 2: $2,500
- Top 3: $2,000
- Top 4: $1,500
- Top 5: $1,000
- Top 6–50: $350 each
- Top 51–100: $130 each
Requirement: Minimum $1,000 trading volume.
Stay tuned for more updates on the DAO Perps program!
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.
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