SynFutures, a decentralized perps exchange, has been waking waves in DeFi for the past few years. It has prominent investors, a large user base, and an impressive trading volume, which means it has all the factors that could make it a project to watch in 2024 and beyond. In this article, let’s dive into SynFutures to understand the project and look at what’s so special about its recent product releases and campaigns.
Early Stage
SynFutures is a multi-chain decentralized derivatives exchange. The project has the backing of numerous big VCs, including Pantera, Polychain Capital, DragonFly, and Standard Crypto, and the DEX recently raised over $22 million in a Series B funding round. SynFutures V1, the first iteration of the platform, launched in June 2021 and introduced the concept of single-token liquidity through the Synthetic Automated Market Maker (sAMM) model. This allowed LPs to fund any pool on the protocol with just one token, usually a stablecoin.
Single-token liquidity
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