Author: SynFutures Official Website & FastLife
Translation: Felix, PANews
With the launch of the Blast mainnet, the Perps DEX protocol SynFutures has officially announced the launch of its mainnet V3 and released the Oyster Odyssey points reward program. In addition, according to insiders, SynFutures plans to launch its token this year.
SynFutures, launched in 2021, completed a $14 million Series A financing in June 2021, led by Polychain Capital, with participation from Framework Ventures, Pantera Capital, Bybit, Wintermute, CMS, Kronos, and IOSG Ventures.
In October 2023, it completed a $22 million Series B financing, led by Pantera Capital, with participation from Susquehanna International Group and HashKey Capital.
About SynFutures
The SynFutures protocol is deployed on multiple blockchains and is the largest derivatives exchange on Polygon, as well as one of the most active decentralized derivatives exchanges, with over 110,000 users and a total trading volume of $23 billion.
In its V3, SynFutures has developed Oyster AMM (oAMM). Oyster AMM is an innovative Automated Market Maker (AMM) model that combines the advantages of order books and AMM to maximize capital efficiency and serve a wider range of traders and investors.
Oyster AMM supports bilateral liquidity without the need to provide liquidity for both ends of a token pair, thereby improving the overall efficiency of the trading ecosystem.
Furthermore, Oyster AMM provides a unified liquidity system tailored for active traders and passive liquidity providers, as well as a fully on-chain order book to ensure transparency, trustworthiness, and anti-censorship.
In summary:
- Oyster combines AMM with an on-chain order book to provide the most capital-efficient derivative trading in DeFi
- Oyster addresses the inefficiency of DeFi compared to CeFi
- SynFutures V3 enables permissionless listing on Blast: any user can list and trade any asset within 30 seconds, achieving the highest capital efficiency in DeFi
Oyster Odyssey Points System
The Oyster Odyssey points system aims to increase community participation by rewarding users for participating in various platform activities. SynFutures' token has been confirmed, similar to the Blast airdrop, so these points activities make users eligible for triple rewards, including Blast points, Blast Gold, and SynFutures points.
How to Earn Points?
- Visit SynFutures V3: https://oyster.synfutures.com/#/odyssey/6B1M3
- Go to Odyssey
- Connect your wallet
- Follow @SynFuturesDefi
- Join Discord: https://discord.com/invite/synfutures
There are 4 ways to earn points:
- Provide liquidity to designated pools
- Invite friends using the generated referral link
- Open mystery boxes
- Spin
1. Provide Liquidity to Designated Pools
There are two ways to provide liquidity on SynFutures:
a. Limit Orders
- Place limit orders on designated asset pairs, which are highlighted with the "points" symbol
- Points start accumulating after setting the limit orders
- The larger the limit order, the more points accumulated
b. Add LP to AMM Pools
- Provide liquidity to AMM pools marked with "Points"
- Accumulation rates vary for different pools (displayed on the pools) due to potential risks
- The larger the liquidity scale, the narrower the liquidity range, and the faster the points accumulation
2. Invite Friends
After registering, each user will have a referral link to invite friends to join the platform. The referral link can be used an unlimited number of times. This is a two-tier referral system, where first-tier referrals earn more points than second-tier referrals.
3. Open Mystery Boxes
Upon successful registration, the system rewards each user with a mystery box. For each friend invited, the inviter will receive a mystery box containing a random number of points.
4. Spins
When assets are locked on SynFutures, the system allocates spins based on the TVL amount and lock-up period. The more assets and longer the lock-up period, the more spins are allocated.
Teams that reach TVL milestones will have a higher chance of receiving super spins. The rewards from super spins are 10 times those of regular spins.
It is worth noting that the points system has a validity period of 3-4 months. It is strongly advised not to cheat or use multiple wallets. SynFutures stipulates that if bulk registration is detected, points will be deleted.
Related reading: New Wealth Code? Inventory of Derivative Ecological Projects on Blast
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