Difference between revisions of "SynFutures (F)"
(Created page with "* From a commissioned Messari [https://messari.io/report/state-of-synfutures-q2-2024 report] (30-7-2024): ''"SynFutures V3 is a decentralized derivatives exchange on several L2 networks, most notably Blast and Base. The SynFutures team recently secured $22 million in a Series B funding round led by Pantera Capital. SynFutures V3 utilizes the Oyster AMM, which integrates fea...") |
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* From a commissioned [[Messari]] [https://messari.io/report/state-of-synfutures-q2-2024 report] (30-7-2024): | * [https://medium.com/synfutures/introducing-synfutures-foundation-and-the-f-token-207bf843f0eb Announced] their F token (26-11-2024). | ||
*From a commissioned [[Messari]] [https://messari.io/report/state-of-synfutures-q2-2024 report] (30-7-2024): | |||
''"SynFutures V3 is a [[decentralized]] [[derivatives]] exchange on several [[Layer Two|L2]] networks, most notably [[Blast (BLAST)|Blast]] and [[Coinbase (COIN)|Base]]. The SynFutures team recently secured $22 million in a Series B funding round led by [[Pantera Capital]]. SynFutures V3 utilizes the Oyster [[Automated Market Makers (AMM)|AMM]], which integrates features of an [[On Chain|onchain]] order book, moving away from the traditional matching process from [[AMMs]]. With single-[[token]] [[liquidity]] provision, this [[permissionless]] model allows listing pairs with any asset as collateral and enables users to trade any quote asset against any collateral asset. Theoretically, users could pair any combination of assets against each other. In addition, order management, matching, and executions occur fully [[onchain]], unlike alternative models that depend more heavily on offchain controls.'' | ''"SynFutures V3 is a [[decentralized]] [[derivatives]] exchange on several [[Layer Two|L2]] networks, most notably [[Blast (BLAST)|Blast]] and [[Coinbase (COIN)|Base]]. The SynFutures team recently secured $22 million in a Series B funding round led by [[Pantera Capital]]. SynFutures V3 utilizes the Oyster [[Automated Market Makers (AMM)|AMM]], which integrates features of an [[On Chain|onchain]] order book, moving away from the traditional matching process from [[AMMs]]. With single-[[token]] [[liquidity]] provision, this [[permissionless]] model allows listing pairs with any asset as collateral and enables users to trade any quote asset against any collateral asset. Theoretically, users could pair any combination of assets against each other. In addition, order management, matching, and executions occur fully [[onchain]], unlike alternative models that depend more heavily on offchain controls.'' | ||
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''As of writing, SynFutures does not have a [[native token]], but the team has considered it. SynFutures V3 distinguished itself as the second-highest performing [[Perpetual Contract|perp]] DEX for the quarter, with over $98 billion in trading volume. SynFutures captured 68% of Blast's volume market share by the end of Q1. V3 reached a TVL of $72 million, partly due to incentive programs like Oyster Odyssey and Blast Gold points."'' | ''As of writing, SynFutures does not have a [[native token]], but the team has considered it. SynFutures V3 distinguished itself as the second-highest performing [[Perpetual Contract|perp]] DEX for the quarter, with over $98 billion in trading volume. SynFutures captured 68% of Blast's volume market share by the end of Q1. V3 reached a TVL of $72 million, partly due to incentive programs like Oyster Odyssey and Blast Gold points."'' | ||
It generated ~$30M in [[fees]] in Q2 2024. Up from $132k in Q2 2023 and $6.8M in Q1 2024. | It generated ~$30M in [[fees]] in Q2 2024. Up from $132k in Q2 2023 and $6.8M in Q1 2024. Numbers of the above were all different in a [https://messari.io/report/state-of-synfutures-q3-2024 subsequent report] by Messari, where fees in Q2 were close to $60m AND $4.9m in Q1, now claiming fees in Q3 are $14.3M. | ||
[[Category:Coin]] | [[Category:Coin]] | ||
[[Category:Exchange]] | [[Category:Exchange]] | ||
Latest revision as of 04:01, 28 November 2024
"SynFutures V3 is a decentralized derivatives exchange on several L2 networks, most notably Blast and Base. The SynFutures team recently secured $22 million in a Series B funding round led by Pantera Capital. SynFutures V3 utilizes the Oyster AMM, which integrates features of an onchain order book, moving away from the traditional matching process from AMMs. With single-token liquidity provision, this permissionless model allows listing pairs with any asset as collateral and enables users to trade any quote asset against any collateral asset. Theoretically, users could pair any combination of assets against each other. In addition, order management, matching, and executions occur fully onchain, unlike alternative models that depend more heavily on offchain controls.
As of writing, SynFutures does not have a native token, but the team has considered it. SynFutures V3 distinguished itself as the second-highest performing perp DEX for the quarter, with over $98 billion in trading volume. SynFutures captured 68% of Blast's volume market share by the end of Q1. V3 reached a TVL of $72 million, partly due to incentive programs like Oyster Odyssey and Blast Gold points."
It generated ~$30M in fees in Q2 2024. Up from $132k in Q2 2023 and $6.8M in Q1 2024. Numbers of the above were all different in a subsequent report by Messari, where fees in Q2 were close to $60m AND $4.9m in Q1, now claiming fees in Q3 are $14.3M.
