🧐 Research | What is the newly launched SynFutures Perp Launchpad and the $1 million prize pool sponsorship program? What is its significance?

I have previously followed SynFutures, this DEX, and I find it very interesting. If it weren't for some minor mistakes, I might have become one of its investors;

Unlike semi-decentralized solutions like dYdX and AEVO, SynFutures has consistently focused on building a fully decentralized and high-performance perpetual contract exchange.

In my view, it can be said to be a Perp DEX that continues the Uniswap gene;

The initially launched SynFutures V3's oAMM has the same permissionless features as Uniswap V3, allowing for the creation of contracts without permission, meaning "anyone can create a contract." What interests me the most is that any ERC20 token can be used as collateral, which is unimaginable in other Perp systems.

A few days ago, the SynFutures Perp Launchpad was launched, a new platform that provides cryptocurrency projects with the opportunity to create perpetual futures markets in the decentralized finance (DeFi) space, which is quite interesting—

The features of this platform include:

1) Innovation: It is the first Launchpad focused on the derivatives market, allowing any project to create a perpetual futures market for its native assets. This helps to promote innovation in the DeFi space, especially with the rise of memecoins and other long-tail assets.

2) Project Support: SynFutures offers a $1 million Perp Launchpad Grant program aimed at supporting emerging token projects. This support includes funding, liquidity provision, trading incentives, and joint marketing and promotional activities.

3) Ecosystem Growth: Since SynFutures expanded its V3 protocol to Base (an Ethereum Layer 2 network), it has contributed to over 50% of the derivatives trading volume in the Base ecosystem, with a cumulative trading volume exceeding $23 billion.

4) User Incentives: For traders, this platform offers more asset choices, including some popular tokens that may not be tradable on other platforms. Additionally, the platform provides extra incentives through trading competitions and other forms to increase user participation.

5) Technical Support: The Perp Launchpad supports concentrated liquidity perpetual contract markets based on a single token and provides a vault function to help optimize liquidity for sustained returns.

🚨 Why is the launch of the Perp Launchpad of significant importance?

Because the hottest trend right now is MeMe, as the first Launchpad focused on the derivatives market, SynFutures not only provides an innovative platform for cryptocurrency projects, allowing any project to create a perpetual futures market for its native assets.

SynFutures offers a $1 million Perp Launchpad Grant to emerging projects, which includes not only financial support but also liquidity provision, trading incentives, and marketing assistance. This will help new projects develop and gain greater visibility in the DeFi ecosystem.

This not only expands the tool choices for projects in the DeFi ecosystem, increases user returns, but also drives innovation across the entire market, especially in the areas of memecoins and long-tail assets.

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