Author: Biteye, Core Contributor Hankester

Editor: Biteye, Core Contributor Crush

01. What is SynFutures?

SynFutures is a decentralized derivatives trading platform founded in 2021. It is currently one of the most active decentralized perpetual contract exchanges in Web3 and one of the few unreleased projects in the top ten of Defillama derivatives. The protocol has been audited by Quantstamp.

The founding team of SynFutures has backgrounds in top international investment banks, internet companies, and crypto OGs. It has received support from well-known institutions and investors including Pantera, Polychain, Standard Crypto, Dragonfly, Framework, SIG, Hashkey, IOSG, Bybit, Wintermute, CMS, and Woo, with total funding exceeding 38 million USD.

02. Triple Airdrop Rewards for SynFutures

SynFuturesV3 is the winning project in the Blast Big Bang event and is now live on the Blast mainnet. It is currently the derivative project with the most Blast Gold and is highly recognized and supported by Blast. Interacting with SynFutures can earn triple rewards:

SynFutures Airdrop Rewards: SynFutures has already announced airdrops. Based on AEVO's market value (30 billion), the airdrop's total value can reach 150 million, calculated at a 5% airdrop ratio.

Blast Points Rewards: ETH and officially recognized stablecoins can earn Blast Points rewards and share 50% of future airdrops from Blast. Additionally, within the projects supported by Blast Multiplier, new users interacting with SynFutures can earn double Blast Points rewards.

Blast Gold Rewards: Blast rewards high-quality projects to support their development and share 50% of future airdrops from Blast. In the first phase of rewards, SynFutures was the project with the second most Gold in the derivatives track, only behind Thruster, the largest Spot DEX on Blast. All rewards have been distributed to users who participated in the first phase of the activity.

In addition, ETH on Blast can earn 4% APY, and USDB can earn 15% APY. When all rewards are combined, the estimated final APY is no less than 200%.

In addition to the above rewards, traders can currently participate in trading rewards and share a prize pool of 500,000 USDB.

03. How to Earn Rewards

Add Liquidity (Provide LP)

https://oyster.synfutures.com/#/earn

Open the above link to see various trading pairs. Different trading pairs have yellow background text prompts, with stablecoin pairs having the lowest points rewards and lowest risk. Other pairs, such as BTC/USDB, offer 200 times the points rewards due to their higher volatility. Based on risk preference, choose different pools to provide liquidity. Click "Add Liquidity" to enter the liquidity adding interface.

After entering, input the amount of WETH (if you only have ETH, there is a "Wrap ETH" option in the upper right corner to directly deposit ETH into your account). Then set the Price Range. The narrower the range, the higher the APY, but it may also result in higher impermanent loss. If you are unsure, leave it as default. If you want to avoid impermanent loss, you can put your funds in a stablecoin pool.

After selection, click "Confirm" to complete adding liquidity. The bottom right of the page also shows that users can earn triple rewards.

Place Limit Orders (Market Making)

https://oyster.synfutures.com/#/trade/blast/BTC-USDB-PYTH-Perpetual

Open the trading link above, input the trading quantity, and then click BUY. After a successful order, you can earn triple rewards. Note that if the order is filled, you will not continue to earn rewards. In this case, you can cancel the old order and place a new one.

Place Market Orders (Trading)

https://oyster.synfutures.com/#/trade/blast/BTC-USDB-PYTH-Perpetual

Open the trading link above and accumulate trading volume by placing market orders to earn triple rewards.

PS: If you encounter an IP restriction reminder when participating in the activity, you need to change to an unrestricted IP, such as a Taiwan IP. If your wallet does not have assets on the Blast chain, you can use a third-party cross-chain bridge to transfer funds, such as using MiniBridge.

https://minibridge.chaineye.tools/?mode=transfer&src=bsc&dst=blast

04. Summary

SynFutures has received over 38 million USD in funding and has been supported by multiple well-known investment institutions. Its current data performance is remarkable and worth paying attention to. The activity is still in the early stages, and based on past experience, the earlier you participate, the more substantial the returns. By directly trading, market making, and providing liquidity as mentioned above, you can earn rewards.

Wishing everyone who reads this a prosperous year and successful investments.???

Platform Data:

https://info.synfutures.com/

Defillama:

https://defillama.com/protocol/synfutures-v3#information

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