SynFutures Introduces the First ‘Perp Launchpad’ with $1M Grant to Support Emerging Token Projects

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As a seasoned researcher with over a decade of experience in the financial industry and a deep-rooted passion for blockchain technology, I find myself consistently intrigued by the innovative solutions that are being developed to meet the evolving needs of the digital asset market. The recent announcement by SynFutures of their Perp Launchpad and $1 million Grant Program is no exception.

Hong Kong, Hong Kong, November 5th, 2024, Chainwire

This innovative new product empowers individuals to create everlasting future marketplaces for various assets, thereby encouraging creativity within the Decentralized Finance (DeFi) sector as memecoins and lesser-known assets gain popularity.

In simple terms, SynFutures – a prominent decentralized platform for futures contracts – has just introduced its Perp Launchpad, which is the very first product of its kind dedicated to derivative markets. This innovative tool enables any project to establish perpetual futures exchanges for their native assets. To boost emerging projects, SynFutures is also debuting a $1 million Perp Launchpad Grant scheme, providing support for these newcomers in listing their tokens and increasing their presence within the rapidly growing digital marketplaces.

As a crypto investor, I’ve noticed an uptick in memecoins and other long-tail assets recently. What piques my interest is SynFutures’ Perp Launchpad, which seems designed to enhance existing trending markets by offering open and efficient derivatives markets. This platform empowers projects to tap into new token demand and utility, rewarding liquidity providers within their communities. Additionally, it offers more opportunities for trading and managing risk through leveraged perpetual futures trading.

Through its innovative platform, Perp Launchpad is leading the way in the realm of on-chain derivative trading. It provides support for perpetual swap markets using just one coin for collateral, along with a liquidity concentrating mechanism. Additionally, it offers a vault function designed to enhance and optimize the availability of this liquidity.

Launching First on Base

The debut of Perp Launchpad will occur on Base, offering an opportunity for projects to introduce trading pairs for their native assets on the expanding L2 network. This launch is the result of a pilot program involving recognized projects such as LST, LRT, and stablecoins like Lido, Solv Protocol, and PumpBTC.

As a crypto investor, I’ve noticed that since the launch of Base V3 in July 2024, SynFutures has been a significant player in the growth of the Base ecosystem. In fact, it’s accounted for over half of the total derivatives trading volume on Base, reaching an impressive $23 billion in cumulative trading volume and attracting approximately 138,000 active users on-chain. This growth is a testament to SynFutures’ impact and potential within the crypto market.

$1 Million Grant Program for Emerging Projects

To bolster up-and-coming initiatives and foster a vibrant decentralized derivatives marketplace, SynFutures has set aside $1 million via the Perp Launchpad Grant. Eligible projects can secure grants through various means such as campaign assistance, liquidity provision, trading incentives, and co-marketing and promotional support to kickstart new listings.

Rachel Lin, co-founder and CEO at SynFutures, stated that it’s essential in today’s fast-changing trading landscape to make it possible for new digital tokens to enter derivative markets. By creating perpetual futures markets for up-and-coming and popular tokens, we are catering to the market’s needs while also fostering growth and variety within the Decentralized Finance (DeFi) sector. Our Perp Launchpad and Grant Program have been designed specifically to bolster these projects, providing them with essential tools and resources that will increase their token’s functionality and depth.

The Grant from Perp Launchpad further strengthens SynFutures’ history of aiding new cryptocurrencies. Previous endeavors such as the DAO Perps Program and Meme Perp Summer have provided assistance to numerous ventures like DEGEN and MEW since their additions to V3 in July and August 2024.

Unique Opportunities for Traders

For traders, the Perp Launchpad serves as a gateway to an expanded selection of assets, including popular tokens that might not be found elsewhere within both CeFi and DeFi sectors. As memecoins and long-tail assets remain prominent, traders can take advantage of leveraged trading to maximize profits from market fluctuations and potential arbitrage scenarios. The platform also presents exciting opportunities such as trading contests and promotional events, enabling traders to boost their potential earnings while actively engaging in the digital economy.

Applications Now Open

Applications for the Perp Launchpad Grant are now open and will be accepted on a rolling basis. Eligible projects are encouraged to submit applications via the application form, users can check eligibility requirements at http://launchpad.synfutures.com/. 

About SynFutures

1) In simple terms, SynFutures is a system for trading perpetual futures contracts, which are decentralized and available for any type of asset. This platform ensures swift and transparent trades. Meanwhile, the V3 Oyster Automated Market Maker (AMM) introduced an innovative model that combines AMM and on-chain order book features, setting a new standard in the industry.

The investment group is supported by top-tier Web3 venture capitalists like Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures. Their team boasts a wealth of expertise in global financial institutions, fintech firms, and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

Contact

Growth Lead
Suki Cheung
SynFutures
suki.cheung@synfutures.com

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2024-11-05 18:45