SynFutures (https://www.synfutures.com), a number one decentralized derivatives change, right this moment introduced the Buying and selling Grand Prix (TGP) Competitors, setting a brand new document with the biggest stablecoin prize pool ever supplied in decentralized finance (DeFi) historical past. With 500,000 USDB in rewards, the competitors marks a monumental milestone following the launch of SynFutures V3 on Blast, which garnered over 300,000 registrations and greater than $24M in TVL in only one week.
The TGP is designed to highlight SynFutures’ new Oyster AMM (oAMM), a fusion of automated market-making with an onchain order ebook mannequin, setting a brand new benchmark for capital effectivity in DeFi. Traditionally, the hole between DeFi and CeFi has been pronounced, with the latter usually outpacing in effectivity and person expertise. Powered by the novel oAMM, SynFutures V3 bridges this divide, heralding a brand new period the place DeFi can compete head-on with its centralized counterparts.
An Eight-Week Marathon of Ability and Technique
Starting March 12, 2024, and ending Could 7, 2024, the competitors invitations all merchants to navigate the risky seas of decentralized perps buying and selling, leveraging SynFutures’ unmatched effectivity to safe their spot among the many legends of the commerce. Every event stands alone, providing contemporary probabilities to win weekly USDB prizes, with as much as 10,000 USDB awarded to the highest dealer.
TGP additionally contains a Masters Event, drawing in luminaries from the DeFi neighborhood and main companies. Contributors embody @jandx_, @RoofHanzo, @CMSholdings, @Awawat_Trades, @CL207, @keyboardmonkey3, @mattomattik, @nanixbt, @izebel_eth, @_jaechung, @cryptoethan, and @ResearchKronos. This elite gathering underscores the competitors’s significance, offering an onchain stage for the very best to showcase their methods underneath essentially the most dynamic of market situations.
Rachel Lin, Co-founder and CEO of SynFutures, mirrored on the inception of the buying and selling competitors. “Having seen a lot success with our V3 launch on Blast, we wished to rejoice this milestone by doing one thing unprecedented in DeFi. The Grand Prix is not only a competitors; it is a testomony to our perception that DeFi can supply a buying and selling expertise as wealthy, if not richer, than CeFi. This competitors invitations the buying and selling neighborhood to expertise our new platform’s capabilities firsthand.”
Because the Grand Prix beckons, all merchants are invited to partake on this historic occasion, vying for a bit of the half-million USDB prize pool. It is greater than a contest; it celebrates strides towards a decentralized future, underscored by SynFutures’ unwavering dedication to innovation, effectivity, and neighborhood.
Along with the TGP, customers on SynFutures can earn as much as 3x the rewards potential via the Expanded Oyster Odyssey (OO) program. Merchants and liquidity suppliers can be rewarded with Blast, Blast Gold (Huge Bang developer airdrop allocation), and OO factors.
Customers can go to the SynFutures weblog for extra info on The Grand Prix Buying and selling Competitors, leaderboard updates, and registration particulars.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and clear buying and selling on any property and listings immediately. The V3 Oyster AMM launched the business’s first-ever unified AMM and onchain order ebook mannequin.
Backers embody Tier 1 Web3 institutional buyers Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Customary Crypto, and Framework Ventures, and the workforce has intensive expertise at international monetary establishments, fintech corporations and blockchain know-how corporations equivalent to Alipay, Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport, and Nomura Securities.
SynFutures (https://www.synfutures.com), a number one decentralized derivatives change, right this moment introduced the Buying and selling Grand Prix (TGP) Competitors, setting a brand new document with the biggest stablecoin prize pool ever supplied in decentralized finance (DeFi) historical past. With 500,000 USDB in rewards, the competitors marks a monumental milestone following the launch of SynFutures V3 on Blast, which garnered over 300,000 registrations and greater than $24M in TVL in only one week.
The TGP is designed to highlight SynFutures’ new Oyster AMM (oAMM), a fusion of automated market-making with an onchain order ebook mannequin, setting a brand new benchmark for capital effectivity in DeFi. Traditionally, the hole between DeFi and CeFi has been pronounced, with the latter usually outpacing in effectivity and person expertise. Powered by the novel oAMM, SynFutures V3 bridges this divide, heralding a brand new period the place DeFi can compete head-on with its centralized counterparts.
An Eight-Week Marathon of Ability and Technique
Starting March 12, 2024, and ending Could 7, 2024, the competitors invitations all merchants to navigate the risky seas of decentralized perps buying and selling, leveraging SynFutures’ unmatched effectivity to safe their spot among the many legends of the commerce. Every event stands alone, providing contemporary probabilities to win weekly USDB prizes, with as much as 10,000 USDB awarded to the highest dealer.
TGP additionally contains a Masters Event, drawing in luminaries from the DeFi neighborhood and main companies. Contributors embody @jandx_, @RoofHanzo, @CMSholdings, @Awawat_Trades, @CL207, @keyboardmonkey3, @mattomattik, @nanixbt, @izebel_eth, @_jaechung, @cryptoethan, and @ResearchKronos. This elite gathering underscores the competitors’s significance, offering an onchain stage for the very best to showcase their methods underneath essentially the most dynamic of market situations.
Rachel Lin, Co-founder and CEO of SynFutures, mirrored on the inception of the buying and selling competitors. “Having seen a lot success with our V3 launch on Blast, we wished to rejoice this milestone by doing one thing unprecedented in DeFi. The Grand Prix is not only a competitors; it is a testomony to our perception that DeFi can supply a buying and selling expertise as wealthy, if not richer, than CeFi. This competitors invitations the buying and selling neighborhood to expertise our new platform’s capabilities firsthand.”
Because the Grand Prix beckons, all merchants are invited to partake on this historic occasion, vying for a bit of the half-million USDB prize pool. It is greater than a contest; it celebrates strides towards a decentralized future, underscored by SynFutures’ unwavering dedication to innovation, effectivity, and neighborhood.
Along with the TGP, customers on SynFutures can earn as much as 3x the rewards potential via the Expanded Oyster Odyssey (OO) program. Merchants and liquidity suppliers can be rewarded with Blast, Blast Gold (Huge Bang developer airdrop allocation), and OO factors.
Customers can go to the SynFutures weblog for extra info on The Grand Prix Buying and selling Competitors, leaderboard updates, and registration particulars.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and clear buying and selling on any property and listings immediately. The V3 Oyster AMM launched the business’s first-ever unified AMM and onchain order ebook mannequin.
Backers embody Tier 1 Web3 institutional buyers Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Customary Crypto, and Framework Ventures, and the workforce has intensive expertise at international monetary establishments, fintech corporations and blockchain know-how corporations equivalent to Alipay, Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport, and Nomura Securities.
