Singapore, Singapore, March 13, 2024, Chainwire
SynFutures (https://www.synfutures.com), a number one decentralized derivatives change, at the moment introduced the Buying and selling Grand Prix (TGP), setting a brand new report for the most important stablecoin prize pool ever provided in decentralized finance (DeFi) historical past. With USDB 500,000 in prize cash, this competitors marks a monumental milestone following the launch of SynFutures V3 on Blast, which garnered over 300,000 registrations and over $24 million in TVL in only one week.
The TGP is designed to focus on SynFutures’ new Oyster AMM (oAMM), a fusion of automated market making with an on-chain order ebook mannequin, setting a brand new benchmark for capital effectivity in DeFi. Traditionally, the hole between DeFi and CeFi has been stark, with the latter typically trumping effectivity and person expertise. Powered by the brand new oAMM, SynFutures V3 bridges this hole and heralds a brand new period the place DeFi can instantly compete with its centralized counterparts.
An eight-week marathon of expertise and technique
Beginning on March 12, 2024 and ending on Could 7, 2024, the competitors invitations all merchants to navigate the uneven seas of decentralized perps buying and selling and leverage SynFutures unmatched effectivity to safe their place among the many legends of the commerce. Every match stands alone and presents new possibilities to win weekly USDB prizes, with the highest dealer awarded as much as 10,000 USDB.
TGP additionally presents a Masters Match that pulls personalities from the DeFi neighborhood and main companies. Members embody @jandx_, @RoofHanzo, @CMSholdings, @Awawat_Trades, @CL207, @keyboardmonkey3, @mattottik, @nanixbt, @izebel_eth, @_jaechung, @cryptoethan and @ResearchKronos. This elite gathering underlines the significance of the competitors and offers the very best alternative to showcase your methods in probably the most dynamic market circumstances.
Rachel Lin, co-founder and CEO of SynFutures, mirrored on the beginnings of the enterprise competitors. “After the good success of our launch of V3 at Blast, we wished to have fun this milestone by doing one thing unprecedented in DeFi. The Grand Prix is not only a competitors; it is a testomony to our perception that DeFi can supply buying and selling experiences as wealthy, if not richer, than CeFi. This competitors invitations the enterprise neighborhood to expertise the capabilities of our new platform for themselves.”
Because the Grand Prix beckons, all merchants are invited to take part on this historic occasion to compete for a share of USDB’s half million prize pool. It is greater than a contest; celebrates the steps in the direction of a decentralized future, underscored by SynFutures’ unwavering dedication to innovation, effectivity and neighborhood.
Along with TGP, customers can earn as much as thrice the reward potential on SynFutures by the Expanded Oyster Odyssey (OO) program. Merchants and liquidity suppliers will probably be rewarded with Blast, Blast Gold (Massive Bang builders airdrop allocation) and OO factors. You could find the distribution of rewards right here.
Customers can go to the SynFutures weblog for extra info on The Grand Prix Buying and selling Competitors, leaderboard updates and registration particulars.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that immediately facilitates open and clear buying and selling of any belongings and listings. V3 Oyster AMM launched the primary ever unified AMM and onchain order ebook mannequin.
Backers embody Tier 1 institutional buyers Web3 Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Commonplace Crypto and Framework Ventures, and the group has intensive expertise with international monetary establishments, fintech and blockchain corporations reminiscent of Alipay. , Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport and Nomura Securities.
Extra info:
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Contacts
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Mark Lee
SynFutures
(electronic mail protected)
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Greer Rodriguez
SynFutures
(electronic mail protected)
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