DeFi Innovation: The Future Star of Derivatives Trading

After a period of development, Decentralized Finance has become one of the most successful applications in the blockchain field, fundamentally changing the landscape of the crypto market. Cryptocurrency trading has gradually shifted from off-chain to on-chain, evolving from simple exchanges to a wide ecosystem that includes lending, staking, and derivatives trading.

In the field of Decentralized Finance, a well-known DEX occupies 45% of the on-chain spot trading share, becoming a leader in the industry. Its pioneering centralized liquidity solution and permissionless listing mechanism provide users with efficient yield products and trading experiences, releasing a large amount of on-chain liquidity and laying an important foundation for the prosperity and diversity of the ecosystem.

In the derivatives space, SynFutures is rising with the same momentum, being hailed as the "new star in the derivatives field". This article will delve into the mechanisms of SynFutures and the innovations it brings to the derivatives space, as well as how to seize the opportunities presented by SynFutures.

Introduction to SynFutures

SynFutures is a decentralized perpetual contract protocol built on Blast, and it is the first derivatives protocol deployed on-chain after the launch of the Blast mainnet, currently iterated to version V3. The V3's Oyster AMM model is the first unified AMM and on-chain order book model in the derivatives space.

SynFutures' V1 and V2 are similar to a well-known DEX V2, both based on the xyk formula AMM model. This model suffers from low capital utilization and high slippage issues caused by insufficient depth.

In V3, SynFutures drew on the centralized liquidity model and permissionless token listing mechanism of a well-known DEX V3, launching the Oyster AMM model on the infrastructure of the SynFutures sAMM model. The oAMM model allows liquidity providers to concentrate their liquidity in specified price ranges, thereby maximizing capital efficiency and liquidity depth, providing traders with a smoother trading experience and minimizing trading losses.

SynFutures has raised a total of $38 million through three rounds of financing, with investors including several top investment institutions in the industry.

Data continues to rise, potential begins to emerge

According to official data, SynFutures has accumulated a trading volume of $65.9 billion, providing over 3 million transactions for more than 110,000 users, with trading volume continuously increasing, reaching a daily peak of $1.8 billion.

According to data from the platform, SynFutures currently has a TVL of $70 million, with a daily trading volume stable at over $1 billion. Based on annualized calculations from the data of the past 30 days, SynFutures' annual fee income is expected to exceed $125 million.

SynFutures demonstrates strong profitability, which is the foundation for the project's ability to operate healthily in the long term and continuously innovate and iterate.

Centralized Liquidity Solutions for Derivations

The Oyster AMM model of SynFutures allows liquidity to be added within a specified price range, enhancing capital efficiency through leverage. Unlike the liquidity model of the spot market, the Oyster AMM adopts a margin management and liquidation framework tailored for derivatives trading, ensuring the safety of liquidity providers and the protocol.

The oAMM model introduces bilateral liquidity, allowing the addition of liquidity using only one type of token, without needing to provide a 1:1 ratio of both assets. Liquidity providers can list any trading pairs, such as pairing meme coins with each other or pairing any assets. This mechanism brings more flexibility and options to the ecosystem.

The Oyster AMM model brings more advantages to liquidity providers and protocols, including improved capital efficiency, increased potential returns, better depth, and lower slippage.

Implementing True Decentralization - Permissionless Listing

SynFutures features the ability to add any liquidity without permission. This consistent decentralized design philosophy can further stimulate innovation and vitality within the ecosystem.

At SynFutures, anyone can list tokens in various ways at any time:

1. Add liquidity in 30 seconds
2. Permissionless on-chain order book

This free, flexible, and completely decentralized design can bring about more positive effects, including unleashing market potential, encouraging innovation, lowering entry barriers, activating liquidity, and enhancing market flexibility.

The Blast ecosystem is exploding, and SynFutures is welcoming opportunities

With the upcoming airdrop of Blast, as a highly anticipated Layer 2 project, Blast has attracted over 1 million users, with a peak total value locked (TVL) exceeding 3 billion USD. This level of enthusiasm and appeal will bring more attention and adoption during the Blast airdrop.

Currently, there are 115 DeFi protocols on the Blast chain, most of which have not yet released project tokens. With the airdrop of the Blast token, more on-chain protocols will start launching token issuance. SynFutures' permissionless listing and centralized liquidity mechanism will be able to provide rapid responses for the ecosystem, stimulating market potential and flexibility.

More projects will bring more users and liquidity to SynFutures, enhancing its trading volume and profitability, and bringing more expectations for SynFutures' future token issuance.

Future Outlook

Currently, over 98% of transactions in the crypto market are derivatives trading, generating hundreds of billions in trading volume daily, but most of these transactions occur on centralized exchanges. According to data, only 1% of perpetual trading happens on-chain. Decentralization is an unstoppable trend, and in the future, more and more users will shift their trading on-chain. The derivatives track will be a subfield with the strongest explosive power and wealth effect.

The on-chain activity, trading volume, and user count of SynFutures are continuously rising, setting new records. Its trading volume consistently ranks among the top three in the derivatives trading sector, especially demonstrating outstanding performance within the Blast ecosystem. These data not only show the high recognition of SynFutures by users but also indicate its strong competitiveness in the market.

With the launch of the Blast token, the ecosystem will explode, and SynFutures will also usher in stronger growth. In the future, SynFutures will carry out multi-chain deployment, allowing more ecosystems to benefit from this, further expanding its user base and market share, and bringing enormous growth potential.