SynFutures v3

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime.

SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to trade any assets freely and list arbitrary futures contracts within seconds. With its groundbreaking one-of-a-kind market-making model, Oyster AMM, SynFutures combines the best of the order book and AMM to maximize capital efficiency and appeal to a broad range of traders and investors.

Deployed on multiple blockchains, SynFutures was named one of the largest derivative exchanges on Polygon and is among the top three most actively used decentralized derivative exchanges in Web3. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures. Team members have extensive experience at global financial institutions, fintech companies, and blockchain technology companies, such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

SynFutures recently completed its Series B funding round, securing an additional $22 million and bringing heir total funding raised to $38 million.

What is SynFutures V3? V3 is SynFutures’ most significant protocol update. Oyster AMM. Oyster AMM builds upon the foundational architecture established in previous versions of SynFutures while welcoming a variety of features catered to the needs of everyday traders and professional participants. Oyster AMM is designed to blend the simplicity of automated market-making harmoniously with the efficiency of order book models, creating a seamless experience for newcomers and seasoned professionals.

Key Features of Oyster AMM:

Single-Token Concentrated Liquidity for Derivatives: Oyster AMM facilitates liquidity concentration within specific price ranges and incorporates leverage to boost capital efficiency. Unlike spot market-focused liquidity models, it introduces a margin management and liquidation framework tailored for derivatives, using a single token to streamline the trading ecosystem.

A Fully Onchain Order Book: While AMMs democratize market access, they demand significant liquidity for equivalent price impact compared to order book models. To address this, SynFutures V3 introduces an onchain order book model and its CL AMM, ensuring transparency, trustlessness, and anti-censorship, eliminating dependence on centralized administrators.

A Single Model for Unified Liquidity: Oyster AMM integrates concentrated liquidity and order book into a single model, offering unified liquidity tailored to active traders and passive liquidity providers. This cohesive approach ensures efficient atomic transactions and avoids non-synchronization issues in dual-process execution systems.

Stabilization Mechanism for User Protection: The Oyster AMM introduces advanced financial risk management mechanisms to enhance user protection and price stability. These mechanisms include a dynamic penalty fee system discouraging price manipulation and balancing the LP's risk-reward profile.

Find out more about SynFutures at https://www.synfutures.com/