Introduction

SynFutures is a decentralized exchange (DEX) specializing in derivatives trading. It enables users to list and trade multiple types of assets with leverage, including cryptocurrencies, tokenized assets, and non-fungible tokens (NFTs). Operating on a permissionless and decentralized model, SynFutures offers a transparent and efficient trading environment. The platform uses and applies the Oyster Automated Market Maker (AMM) model and a fully on-chain order-matching engine to facilitate derivatives trading.

The $F token is the native cryptocurrency of the SynFutures ecosystem. It supports the platform’s operations as an ERC-20 token on the Ethereum mainnet. Token holders are granted governance rights, allowing them to participate in decision-making processes related to the platform’s development and future direction. Staking $F tokens can yield rewards, and holders may receive fee discounts when trading on the platform. The total supply of $F tokens is capped at 10 billion, with distributions planned to incentivize community participation and support the platform’s growth.

What is SynFutures (F)?

SynFutures is a decentralized derivatives platform enabling users to create and trade futures contracts across various decentralized financial assets, such as cryptocurrencies, non-fungible tokens (NFTs), and tokenized real-world assets. It offers a comprehensive marketplace for derivatives trading, addressing inefficiencies in traditional derivatives markets through decentralization and automation.

SynFutures was founded in 2020 by Rachel Lin and Matthew Liu. Rachel Lin, the Chief Executive Officer, has a background in derivatives trading at Deutsche Bank and was a founding member of Matrixport, a prominent crypto neobank. Matthew Liu, the Chief Strategy Officer, previously managed Deutsche Bank’s Asia rates desk and held leadership roles in fintech and blockchain initiatives at Ant Financial.

Under their leadership, SynFutures has become a prominent decentralized derivatives platform. The company raised $22 million in Series B funding, led by Pantera Capital, to advance its goal of providing accessible DeFi solutions.

The project was founded with the vision of making derivatives trading accessible to a broader audience using blockchain technology. They eliminate centralized intermediaries, SynFutures empowers users to list and trade futures contracts in a permissionless and transparent environment. The platform’s emphasis on composability allows it to integrate with other decentralized finance (DeFi) protocols, contributing to an interconnected ecosystem.

The development team behind SynFutures includes experienced professionals from leading blockchain and financial institutions. Their expertise spans from smart contract development, financial engineering, to decentralized infrastructure design. The team has focused on creating an intuitive platform that balances user accessibility with advanced trading features, such as single-token liquidity provision and on-chain limit orders. Transparency and security remain foundational principles in the project’s development, demonstrated through rigorous smart contract audits and a commitment to open-source practices.

SynFutures Architecture and Technology

SynFutures employs a Synthetic Automated Market Maker (sAMM) model, which enables liquidity providers to contribute a single asset within a trading pair. This mechanism utilizes smart contracts to synthesize the corresponding asset, streamlining liquidity provision and facilitating support for a broad spectrum of assets, including cross-chain and tokenized real-world assets.

The architecture is composed of components designed to maintain decentralization and operational efficiency. The Factory Contract is responsible for deploying new futures contracts, enabling the creation of trading pairs with customizable assets and expiration dates. The Futures Contract manages individual trading pairs, overseeing the execution of trades, enforcement of margin requirements, and settlement operations. The Automated Liquidator (ALQ) facilitates the automated liquidation of under-collateralized positions to ensure platform stability and reduce barriers for liquidators.

Supported Assets and Markets

SynFutures supports a different types of assets and markets, including:

• Cryptocurrencies: Users can trade futures contracts on various cryptocurrencies, including Ethereum-native assets and cross-chain assets, providing a broad spectrum of trading opportunities.
• Non-Fungible Tokens (NFTs): The platform allows for creating and trading NFT-based futures contracts, enabling users to speculate on the future value of digital collectibles and other unique digital assets.
• Real-World Assets: SynFutures supports tokenizing and trading real-world assets, such as gold and foreign currencies, bridging the gap between traditional finance and decentralized finance.

What is the $F Token?

The $F token is the native utility and governance token of the SynFutures platform. With a total supply capped at 10 billion tokens, $F is designed to empower the community and facilitate the platform’s transition toward decentralization.

Holders of $F tokens are granted governance rights, enabling them to participate in decision-making processes that shape the platform’s future. This decentralized governance model ensures that the community significantly influences protocol developments and initiatives. $F token holders benefit from fee discounts on trading activities, making transactions more cost-effective, and the token also offers the additional advantage of staking rewards, which helps the community by incentivizing users to contribute to the network’s security and stability.

$F Tokenomics

Many of the tokens are designated for community incentives, rewarding users who contribute to the ecosystem’s safety and security through staking, liquidity providers and active traders. This approach encourages user engagement and enhances platform liquidity. Allocations are made to the founding team and advisors, with vesting schedules implemented to ensure their long-term commitment to the project’s success. Early backers and investors are also allocated tokens, acknowledging their essential role in providing the capital necessary for development and expansion.

To distribute the $F tokens, SynFutures has implemented a strategic allocation plan.

• Approximately 28.5% of the total supply is designated for the community
  • 7.5% are allocated for the Season 1 Airdrop, which commenced on December 6, 2024, rewarding users who have actively engaged with SynFutures across its various versions, fostering a sense of ownership and encouraging continued participation.

The remaining tokens are allocated to important backers and advisors to the project, the foundation treasury, core contributors, protocol development, and liquidity provisions. This distribution strategy aims to ensure sustainable growth and the long-term success of the SynFutures ecosystem.

$F Token Utility

The $F token serves several important functions within the SynFutures ecosystem, reinforcing its role as a utility and governance asset. These utilities enhance user engagement, foster decentralized decision-making, and promote the platform’s growth.

Governance

$F token holders participate in the platform’s governance by proposing and voting on decisions that impact the protocol. This includes changes to system parameters, feature rollouts, and other key aspects of platform management. This governance model ensures that the community has a say in SynFutures’ evolution, aligning stakeholders’ interests.

Fee Discounts

Both users and token holders can benefit and obtain their trading fee discounts on SynFutures platform by holding and using $F tokens. This utility helps by incentivizing widespread token adoption and promotes active trading, enhancing liquidity and ecosystem activity.

Staking Rewards

Users can stake $F tokens to earn rewards, contributing to the network’s security and operational stability. Staking incentivizes long-term participation and helps maintain the integrity of the decentralized system.

Ecosystem Development

$F tokens are allocated to support partnerships, integrations, and community-driven initiatives. These activities help expand SynFutures’ reach and encourage innovation within its ecosystem.

SynFutures Partnerships and Integrations

SynFutures has established a very strong network of partnerships and integrations, enhancing its decentralized derivatives trading platform. One of these notable collaborations is with Lido Finance through the SynFutures Perp Launchpad program, leading to the integration of the wstETH/ETH trading pair, a partnership that has increased the visibility and accessibility of Lido’s wstETH token, demonstrating SynFutures’ commitment to driving DeFi innovation.

When it comes to cross-chain interoperability, SynFutures has partnered with Router Protocol to facilitate fund transfers, asset swaps, and cross-chain applications through a collaboration that aims to make SynFutures a multi-chain trading platform, ultimately enhancing user experience by enabling transactions across multiple blockchain networks.

SynFutures has also integrated Chainlink’s Verifiable Random Function (VRF) to ensure fair award distribution in its campaigns. This integration enhances the platform’s transparency and trustworthiness, reinforcing its decentralized nature.

The platform’s growth has been supported by significant investments from leading venture capital firms. In October 2023, SynFutures secured $22 million in a Series B funding round led by Pantera Capital, with participation from Susquehanna International Group (SIG) and others. This funding has been instrumental in expanding SynFutures’ offerings and solidifying its position in the DeFi space.

Through these strategic partnerships, integrations, and backing from prominent investors, SynFutures continues to enhance its platform, offering users a comprehensive and innovative decentralized derivatives trading experience.

SynFutures Integrations with Other Platforms and Protocols

SynFutures has built a strong foundation of partnerships, secured strategic investments, and established integrations that bolster its position as a leading decentralized derivatives trading platform. These collaborations and initiatives enhance the platform’s capabilities, expand its reach, and solidify its role in the decentralized finance (DeFi) ecosystem.

SynFutures has partnered with industry leaders to drive innovation and expand its ecosystem. One of its significant collaborations is with Lido Finance, enabling the integration of the wstETH/ETH trading pair through the SynFutures Perp Launchpad program. This partnership increased the visibility of Lido’s wstETH token and showcased SynFutures’ commitment to offering diverse trading options. Additionally, the platform’s collaboration with Router Protocol supports cross-chain interoperability, allowing seamless fund transfers and asset swaps across multiple networks. SynFutures has also integrated Chainlink’s Verifiable Random Function (VRF) to enhance transparency and fairness in reward distribution, reinforcing trust within its decentralized ecosystem.

On the investment front, SynFutures has attracted backing from prominent venture capital firms and investors, which has been pivotal for its growth and development. In October 2023, the platform secured $22 million in a Series B funding round led by Pantera Capital, with participation from Susquehanna International Group (SIG) and other influential players. This funding has enabled SynFutures to accelerate its roadmap, expand its feature set, and strengthen its infrastructure, ensuring it remains competitive in the rapidly evolving DeFi landscape.

Through these partnerships, investments, and integrations, SynFutures has established itself as a dynamic and innovative player in the DeFi space. By fostering collaboration and leveraging its resources effectively, the platform continues to create value for its users while driving the adoption of decentralized derivatives trading globally.

SynFutures Roadmap and Future Developments

SynFutures has outlined in its documentation a comprehensive roadmap aimed at advancing its decentralized derivatives trading platform by focusing on innovation, user experience, and ecosystem expansion. Recent developments include the launch of SynFutures V3 in June 2024, which introduced the Oyster Automated Market Maker model. This model combines concentrated liquidity with an on-chain order book, enhancing capital efficiency and creating a unified liquidity system for traders and liquidity providers. Additionally, SynFutures expanded its reach by integrating with the Base network, providing users access to a broader range of assets and trading opportunities. The introduction of the Perp Launchpad has further supported perpetual futures markets for native assets, offering coin-margined perpetual markets with single-token concentrated liquidity to optimize yields.

Looking ahead, SynFutures plans to refine its user interface to create a more intuitive trading experience for new and experienced users. The platform intends to enhance cross-chain interoperability by integrating with additional blockchain networks, offering users access to a wider variety of assets. Future updates also include introducing advanced risk management tools such as dynamic penalty fees and stabilized mark prices, ensuring market stability and protecting users from extreme volatility.

SynFutures aims to establish a decentralized governance framework by transitioning to a DAO structure. This shift will empower $F token holders to participate in governance decisions actively, shaping the platform’s future direction and fostering a more community-driven ecosystem. This move aligns with SynFutures’ commitment to decentralization and user empowerment.

The platform’s roadmap also emphasizes fostering innovation in decentralized finance by supporting new features and functionalities. SynFutures intends to continuously adapt to market demands while providing secure, efficient, and transparent derivatives trading options. By doing so, it aspires to remain a leader in the decentralized finance space.

Through these strategic initiatives, SynFutures demonstrates its dedication to providing a robust and user-friendly platform while contributing to the broader development of decentralized finance. This commitment positions SynFutures as a pioneer in perpetual derivatives trading and ensures its relevance in the evolving blockchain ecosystem.

Conclusion

SynFutures is a decentralized derivatives platform that provides users with a comprehensive and flexible trading environment. The platform’s mission is to democratize access to derivatives markets by enabling the creation and trading of futures contracts on a wide range of assets, including cryptocurrencies, NFTs, and real-world assets. SynFutures combines innovative technology, such as the Oyster AMM model, with a user-centric approach to address inefficiencies in traditional and DeFi derivatives markets.

The $F token is the backbone of the SynFutures ecosystem, facilitating governance, staking, and fee mechanisms. The platform’s robust architecture and operational mechanics ensure transparency, security, and efficiency in its trading processes. SynFutures has expanded its reach and functionality through its partnerships and integrations, enabling users to engage in cross-chain trading and access diverse asset classes.