SynFutures V3 Launches on Base, Begins Meme Perp Summer
The derivatives DEX aims to bring the ultimate onchain futures & perps experience for any asset to the Base ecosystem.
The wait is over!
After announcing our plans to expand to Base two weeks ago, we’re excited to share our official launch! Users can begin trading and providing liquidity on SynFutures V3 via Base.
Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on the Layer 2.
With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any assets to the Base ecosystem. Within four months of its launch on the Blast, SynFutures V3 surpassed $100 billion in cumulative trading volume, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3.
Bringing Onchain Futures and Perps to Base
You may be asking: why deploy on Base?
Launched on mainnet in 2023, Base is an Ethereum Layer 2 (L2) chain from Coinbase. Over the past few months, It has skyrocketed to the top of the L2 charts. In March, Base doubled its total value locked (TVL) and continues to thrive thanks to its combination of seasoned traders, perp enthusiasts, and degen culture builders.
Ecosystem Partners and Meme Perp Summer
As part of our launch on Base, SynFutures has teamed up with some of the top projects in the space. Starting today, SynFutures will list tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, as we kick off Meme Perp Summer. Special promotions will be offered on these asset pairs, so follow SynFutures on X and check SynFutures V3 regularly to keep up with the latest incentives.
Among the new asset pairs are:
- $DEGEN/WETH
- $CHOMP/WETH
- $BOOMER/WETH
- $ISK/WETH
In addition to popular memecoins, SynFutures will list liquid staking derivatives (LSD) assets and liquid staking tokens (LRTs), crucial in bringing liquidity and organic yield to the onchain space.
Listed LSD and LRT asset pairs include:
- wstETH/ETH from Lido
- weETH/ETH from ether.fi
- wrsETH/ETH from Kelp DAO
We will also continue to work with Chainlink, a decentralized blockchain oracle network, to provide integral price oracle infrastructure for our deployment on Base.
Fee Promotion for Major Asset Pairs
As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs, such as the BTC and ETH pairs. Starting on July 1, 2024, we are reducing the trading (taker) fee for major pairs from 3 basis points (bps) to just 2 bps. This means more savings for you on every trade!
Additionally, to simplify the trading experience, everyone will enjoy the benefits of the highest-level VIP fee during this promotional period. As a result, we will temporarily pause the VIP program while the fee promotion lasts.
A Note on Oyster Odyssey (O_O) Points
We’d like to assure Blast users that the O_O points gained during the Blast Season will not be diluted by the Base launch. The overall pool has been increased. Rewards distributed on Base will be separate from and in addition to those on Blast.
We look forward to an exciting Meme Perp Summer on Base together!
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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