Singapore, Singapore, June 19, 2024, Chainwire
SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase’s L2 network. To celebrate this milestone, SynFutures is launching “Meme Perp Summer” – a six-week campaign to expand community resource lists and reward the meme community with organic popularity on Base. With a total prize pool of 100,000 USDC and future airdrop allocations, this campaign highlights Synfutures’ commitment to supporting the development of emerging token projects.
“We are incredibly excited about our expansion into Base. This move not only reinforces our commitment to providing users with unique trading opportunities, but also reflects our commitment to supporting and developing vibrant community-led projects,” he said Rachel Lin, Co-founder and CEO by SynFutures.
This expansion to Base is a key part of SynFutures’ multi-chain strategy for v3. Following tremendous success since the launch of V3 on Blast, where the protocol has consistently ranked number one among DeFi derivatives protocols in terms of trading volume, SynFutures is now moving its order book onchain for the perpetrators to Base. In just four months on Blast, the protocol reached a total volume of almost $100 billion, with over 4 million transactions and 142,000 users on-chain.
SynFutures will continue to support Blast while expanding its reach by doubling down on its commitment to be the premier trading destination for popular tokens, including memecoins and altcoins. Version 3 already supported perp pairs for popular tokens such as PAC, DEGEN, YES, WIF, and ESE on Blast, and now brings this strategy to Base.
Memecoin Perp Summer
The Meme Perp Summer event, running from June 18 to July 29, 2024, aims to highlight and reward emerging symbolic projects that deliver original traction and engagement. Selected projects can earn up to 10,000 USDC from the prize pool, which will be used to purchase the project’s token from its vault or designated DEX and list on SynFutures. Meme trading pairs will be quoted against WETH or USDC, offering additional trading opportunities and liquidity.
- Timeline: June 18, 2024 – July 29, 2024
- Prize Pool (NASDAQ:): 100,000 USDC plus future airdrop allocations
Key dates:
- June 18: The campaign launch and token project registration begins
- June 25: Deadline for token project registration and announcement of eligible projects and prize allocation
- June 26: Eligible token trading pairs listed on SynFutures with one-day exclusive promotion on our social media channels
- July 29: Tentative end date for the Meme Perp summer campaign
Eligibility and participation: Token projects interested in participating must have an ERC20 token on their database, an energetic and engaged community, and proven experience in driving without the intention of pulling the rug. Key requirements include:
- 5,000 followers on social media
- Trading volume at the level of 100 thousand. dollars in the last 24 hours
- Regular and energetic social media engagement and events
- Trading pairs listed in version 2
- Willingness to cooperate with SynFutures
Token projects interested in participating in Meme Perp Summer should send a direct message to the official X SynFutures account, @SynFuturesDeFi. A member of the SynFutures team will send a registration form in response. The registration process will require project details, community metrics, and a commitment to meet participation requirements.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates instant open and limpid trading of any asset and quote. V3 Oyster AMM introduced the industry’s first unified AMM and onchain order book model.
Backers include Tier 1 institutional investors Web3 Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto and Framework Ventures, and the team has extensive experience in global financial institutions, fintech and blockchain companies such as such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport and Nomura Securities.
For more information, users can visit SynFutures website: Website | Twitter | Distortion
contactCMOMark LeeSynFuturesmark.lee@synfutures.com
