SynFutures, a derivatives protocol, is getting ready to launch its V2 version of decentralized exchange. This version will initially launch on Polygon, with plans to extend to other platforms such as Arbitrum and zkSync later. The main features of the V2 will include perpetual swaps, perpetual derivatives, improved UI/UX and modified automated market makers. This version of DEX is unique in the sense that it will focus on the long-tail assets, i.e., not just the major tokens like BTC and ETH, but also any obscure tokens that are becoming popular. There will also be the introduction of “DAO futures”, which will allow projects to create liquidity pools for their token against other major currencies such as ETH, USDC or USDT. As a result, users don’t need to pair it with these tokens. Liquidity providers will be able to extract 5:1 ratio of trading fees from the total pool. V2 will also come with the improved user interface, allowing even non-DeFi native users to easily get started. SynFutures is thus trying to expand the DeFi ecosystem beyond the current DeFi degens.
Dorothy Reyes
- 2023-05-04
SynFutures V2 Ready to Launch on Polygon
SynFutures is getting ready to launch its V2 version of decentralized exchange with added features such as perpetual swaps, perpetual derivatives, improved UI/UX and modified automated market makers. This protocol will focus on the long-tail asset classes and will also introduce DAO futures for liquidity pools.
