V3 Update: Introducing Fee Tiering and Institutional Tools
Following the completion of our first Oyster Odyssey (O_O) points snapshot, the rewards potential on SynFutures V3 is more significant than ever, with takers and makers receiving equal O_O points allocation. But SynFutures is more than just a marketplace. Our protocol is a launchpad for growth, innovation, and the broader success of the Web3 space.
With the new fee tiering, open-source SDK, and VIP client services, we’re expanding our project to new heights by improving the trading experience, making it easier and more efficient for market participants to trade and add liquidity on V3.
Let’s explore these additions and how traders, market makers, and other institutions can benefit from them.
Overview
VIP Service: Client Support and Technology Assistance
Integrating with a new platform is a significant decision. With access to our exclusive VIP service, partners can receive personalized assistance and technical support to build and refine tools for their trading strategies.
Early Access to Additional Services
This initial release is only the tip of the iceberg. Our VIP partners will be the first to access future benefits designed to enhance our partners’ profitability and service efficiency.
Fee Tiers
In DeFi, fee tiers are essential in encouraging protocol activity while clearly outlining the fees associated with purchases above or below a certain amount. Our new fee-tiering system enables our VIP partners to maximize their activity on SynFutures.
V3 SDK
The new open-source SDK enables all partners equal access to essential developer tools and resources. (See more info below.)
Fee Tiering on SynFutures
Fee tier discounts are available to the public, but the taker’s volume determines the size of the discount. Once the tier threshold is reached, the discount is applied.
See the chart below.
Example: If a trader conducts $600 million in trading volume within the BTC-USDB-PERP pair on SynFutures V3 during the calendar month, the discounted fee will amount to 30,000 USDB ($600 million * 0.005%).
Fee tier discounts are available on select asset pairs:
- BTC-WETH-PERP
- BTC-USDB-PERP
- USDB-WETH-PERP
VIP Discount Distribution
Discounts will be distributed on the 20th of the sequential month in margin tokens. Discounts will be distributed to the last operator if the address is a contract address.
Please note: Only taker volume and forced liquidations qualify for discounts. Maker activity is not included. Changes to the receiving wallet, including those caused by hacks or other malicious activity, will not be acknowledged by SynFutures; the receiving wallet will receive any and all distributed discounts.
VIP Partner Criteria
We invite all parties interested in fee tiering, the V3 SDK, or future VIP services to contact us. Potential partners include but are not limited to:
- Experienced Fund Managers. Institutions with a proven track record in fund management and the ability to devise and execute innovative trading strategies are welcome to apply.
- Risk Managers. Professionals who excel in identifying, assessing, and managing risks, and ensuring the stability and sustainability of trading operations are ideal partners.
- Others with Trading and LP Interest/Bandwidth. Whether you’re looking to trade derivatives or actively contribute to our liquidity pools, we welcome your expertise.
For more information on how to apply, see the full description.
The V3 SDK is Now Available!
To further enhance the trading experience and streamline integrations, we released the V3 SDK. The SDK enables all partners equal access to essential developer tools and resources. Should you have any inquiries during the integration process, please don’t hesitate to contact the SynFutures team via Discord or our Official Telegram channel.
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 onchain order book model. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $23 billion in trading volume since its launch in 2021.
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