Originally published on: November 25, 2024
SynFutures, a perpetual derivatives exchange, is shaking up the industry by decentralizing its operations and introducing a foundation and governance token. The platform, which launched its Oyster automated market maker (AMM) a year ago, has raised significant funding in three rounds.
The ultimate goal of SynFutures is to create an open derivatives market that caters to retail traders, allowing them to trade a diverse range of assets with ease. Currently offering 330 trading pairs, the platform has witnessed an impressive $235.1 billion in cumulative trading volume, with $71 billion occurring in the third quarter of this year.
In an exciting development, SynFutures is gearing up to introduce the F Token (F), an ERC-20 token on the Ethereum mainnet. The total supply of 10 billion tokens is set to be gradually released between December 2025 and November 2028, with details of the governance mechanism and staking incentives expected to be revealed soon.
Having secured funding from prominent investors like Polychain Capital, Pantera Capital, and Framework, SynFutures has solidified its position as a key player in the DeFi space. The platform’s recent Series B funding round, led by Pantera Capital, underscores its commitment to innovation and growth.
With the introduction of the Oyster AMM and the F Token, SynFutures is poised to revolutionize the derivatives market and empower traders worldwide. Stay tuned for more updates on this groundbreaking platform and the exciting opportunities it presents for the crypto community.
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