SynFutures, a prominent DeFi derivatives protocol, has recently revealed its plans to broaden its reach to Base, Coinbase’s L2 network. This strategic move marks a significant milestone for SynFutures as it aims to provide users with unique trading opportunities and support vibrant community-driven projects. The expansion to Base underscores the protocol’s commitment to growth and innovation in the DeFi space.
Launching “Meme Perp Summer” Campaign
To celebrate its expansion to Base, SynFutures has introduced the “Meme Perp Summer” campaign. This six-week initiative is designed to increase community asset listings and reward meme communities that contribute to organic growth on Base. With a generous rewards pool of 100,000 USDC and future airdrop allocations, the campaign demonstrates SynFutures’ dedication to fostering the development of emerging token projects. Rachel Lin, Co-founder and CEO of SynFutures, expressed her excitement about the expansion to Base and the opportunities it presents for the protocol and its users.
SynFutures’ expansion to Base is part of its multichain strategy for V3. Following the success of V3 on Blast, where the protocol emerged as the top DeFi derivatives protocol by trading volume, SynFutures is now bringing its onchain orderbook for perpetuals to Base. With nearly $100 billion in cumulative volume, over 4 million transactions, and 142,000 on-chain users on Blast, SynFutures is poised to replicate this success on Base. The protocol will continue to support Blast while expanding its reach and solidifying its position as a premier destination for trading trending tokens.
Running from June 18 to July 29, 2024, the Meme Perp Summer campaign aims to highlight and reward token projects that drive authentic traction and engagement. Selected projects can earn up to 10,000 USDC from the rewards pool to support token purchases from their treasury or designated DEX and list on SynFutures. Meme trading pairs will be available against WETH or USDC, providing traders with additional opportunities and liquidity. Key dates for the campaign include the campaign launch, deadline for token project sign-ups, eligible token trading pairs listing, and the campaign end date.
Token projects interested in participating in Meme Perp Summer must meet specific requirements, including having an ERC20 token on Base, an active community, and a track record of driving traction without rug-pulling. Key eligibility criteria include social media followers, trading volume, social media engagement, Uniswap v2 trading pairs, and willingness to co-market with SynFutures. Interested projects can reach out to SynFutures via their official X account for registration details and participation requirements.
SynFutures is a decentralized perpetual futures protocol that enables transparent trading on a wide range of assets. The V3 Oyster AMM introduced the industry’s first unified AMM and onchain order book model, setting a new standard for decentralized trading platforms. With backing from top-tier Web3 institutional investors and a team comprised of experienced professionals from leading financial and blockchain companies, SynFutures is poised for continued growth and innovation in the DeFi space.