SynFutures Introduces Groundbreaking Perp Launchpad with $1M Grant for Emerging Token Projects
SynFutures Launches the First Perp Launchpad
Hong Kong, Hong Kong, November 5th, 2024, Chainwire — SynFutures, the leading decentralized derivatives protocol, has unveiled its first-ever Perp Launchpad, designed to revolutionize perpetual futures trading. This launchpad empowers any project to establish perpetual futures markets for a range of native assets, facilitating innovation within the DeFi ecosystem.
$1 Million Grant Program to Support New Tokens
Accompanying the launch is a $1 million grant initiative aimed at supporting emerging token projects. This program provides opportunities for enhanced visibility and a platform for projects to list their tokens in a rapidly growing on-chain market.
Amplifying Trading Opportunities
With the rise of memecoins and long-tail assets, SynFutures' Perp Launchpad stands as a significant addition, allowing projects to capture new token demand while offering traders innovative means to trade, providing liquidity provider rewards and efficient risk hedging through leveraged perpetual futures.
Initial Launch on Base Layer 2
The Perp Launchpad will initially launch on the Base layer 2 network, enhancing opportunities for a host of projects to leverage the platform’s capabilities. SynFutures aims to further bolster the growth of the Base ecosystem, having accounted for over 50% of total derivatives trading volume on the network recently.
Supporting the Next Generation of DeFi
“Providing access to derivatives markets for emerging tokens is crucial for today’s dynamic trading landscape,” stated Rachel Lin, co-founder and CEO of SynFutures. This launch aims to empower projects by supplying essential tools and resources while tapping into the growing demand for diverse trading options.
Unique Trader Opportunities
Listeners and traders are encouraged to explore a broader range of assets through Perp Launchpad, including trending tokens that enhance their trading potential and open doors for arbitrage opportunities in the evolving blockchain economy. Applications for the grant are now open, inviting eligible projects to submit their proposals.
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