The Innovation of the DeFi Derivation Track: The Rise of SynFutures and Future Prospects

Decentralized Finance has become one of the most successful decentralized applications on blockchain after a development cycle, fundamentally changing the landscape of the cryptocurrency market. Cryptocurrency trading is gradually shifting from off-chain to on-chain, evolving from the initial simple Swap to a wide-ranging ecosystem covering lending, Staking, and derivation trading.

In the spot trading field, a certain DEX occupies 45% of the on-chain trading volume, becoming the undisputed leader in the industry. Its pioneering centralized liquidity solution and permissionless token 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 derivation track, SynFutures is rising with the same momentum, hailed as "the innovator of the derivation track." This article will delve into the mechanisms of SynFutures and the innovations it brings to the derivation track, as well as how to seize the opportunities brought by SynFutures.

Introduction to SynFutures

SynFutures is a decentralized perpetual contract protocol built on Blast, and it is the first derivation protocol deployed on-chain after the release of the Blast mainnet, currently iterated to V3. The V3 Oyster AMM model is the first unified AMM and on-chain order book model in the derivation track.

SynFutures V1 and V2 are similar to certain DEX V2, both based on the AMM model of the xyk formula, but this model has issues of low capital utilization and insufficient depth, leading to high slippage.

In V3, SynFutures draws on the concentrated liquidity model and permissionless listing mechanism of a certain DEX V3, and launches the Oyster AMM model based on the SynFutures sAMM model. The oAMM model allows LPs to concentrate liquidity in specified price ranges, maximizing capital efficiency and liquidity depth, providing traders with a smoother trading experience and minimizing trading losses.

SynFutures raised a total of $38 million in 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 USD, providing over 3 million transactions for more than 110,000 users, with trading volume continuously increasing, peaking at 1.8 billion USD in a single day.

The data platform shows that SynFutures currently has a TVL of $70 million, with a daily trading volume stable at over $1 billion. Based on data from the past 30 days, it is estimated that SynFutures' annual fee income will exceed $125 million.

SynFutures demonstrates strong profitability, laying the foundation for the long-term healthy operation and continuous innovation iteration of the project.

Centralized Liquidity Solution for Derivation

The Oyster AMM model of SynFutures allows for adding liquidity within specified price ranges, and improves capital efficiency through leverage. Unlike the liquidity model of the spot market of certain DEX V3, the Oyster AMM adopts a margin management and liquidation framework customized for derivation trading, ensuring the safety of LPs and the protocol.

The oAMM model introduces bilateral liquidity, allowing liquidity to be added using only one type of token, without the need to provide bilateral assets in a 1:1 ratio. LPs can list any trading pair, including meme coins paired with each other or any asset pairing, bringing more flexibility and options to the ecosystem.

The Oyster AMM model brings multiple advantages to LPs and the protocol:

1. Improve capital efficiency: Concentrated liquidity reduces the proportion of idle funds and increases the utilization rate of capital.

2. Increase potential earnings: By concentrating funds in a specific price range, trading frequency and available capital increase, allowing LPs to earn more fees.

3. Better depth, lower slippage: Markets with better depth attract more traders, creating a virtuous cycle that increases LP returns and enhances market stability.

4. Implement true decentralization: The permissionless listing mechanism is consistent with that of certain DEXs, further stimulating innovation and vitality within the ecosystem.

At SynFutures, anyone can list coins at any time through various methods:

• Add liquidity in 30 seconds: No complex communication and review before listing, anyone can add any trading pair at any time.

• Permissionless on-chain order book: oAMM combines the on-chain order book model, ensuring transparency while featuring permissionless and censorship-resistant characteristics.

This free, flexible, and completely decentralized design brings multiple positive effects, including liberating market potential, encouraging innovation, lowering barriers to entry, activating liquidity, and enhancing market flexibility.

The Blast ecosystem is booming, and SynFutures is seizing opportunities

Blast is about to airdrop, as a star Layer 2 project, it has attracted over 1 million users, with a peak TVL of over 3 billion USD. The Blast airdrop will bring more attention and adoption.

Data shows that there are 115 DeFi protocols on the Blast chain, most of which have not yet released project tokens. With the airdrop of Blast tokens, more on-chain protocols will launch TGE. The permissionless listing and centralized liquidity mechanism of SynFutures will provide quick responses for the ecosystem, stimulating market potential and flexibility.

More projects will bring more users and liquidity to SynFutures, increasing trading volume and profitability, and bringing more expectations for SynFutures' future TGE.

SynFutures is conducting the Odyssey event, where users can earn Blast Gold Points and SynFutures O_O Points by trading, providing liquidity, creating limit orders, inviting new users, and more, with a chance to participate in the Blast and SynFutures airdrops.

Future Outlook

Currently, over 98% of transactions in the crypto market are contract trades, generating hundreds of billions in daily transaction volume, but most occur on centralized exchanges. Data shows that only 1% of perpetual trades happen on-chain. Decentralization is an unstoppable trend, and in the future, more and more users will shift their trading on-chain. The derivation sector will become the most explosive and wealth-generating subfield.

The on-chain activity, trading volume, and user base of SynFutures continue to rise, reaching new highs. Its trading volume consistently ranks among the top three in the derivation sector, particularly excelling in the Blast ecosystem. These data not only demonstrate users' high recognition of SynFutures but also indicate its strong market competitiveness.

With the launch of Blast’s token and the explosion of its ecosystem, SynFutures will experience stronger growth. SynFutures is to Blast what some DEX is to Ethereum. In the future, SynFutures will also implement multi-chain deployment to benefit more ecosystems, further expand its user base and market share, and bring tremendous growth potential.