SynFutures launches Perp Launchpad on Base with a $1M grant, expanding perpetual futures access and liquidity for emerging DeFi projects
To Derivatives Markets on Base
The initial rollout of SynFutures’ Perp Launchpad is set on Base, an Ethereum Layer 2 network known for its low transaction costs and scalability. Consequently, SynFutures will enhance access to derivatives markets for new tokens in a growing DeFi ecosystem. This launch offers projects the capability to establish trading pairs directly on Base, where trading demand for various DeFi tokens continues to grow.
As a part of its ongoing development, the decentralized derivatives protocol has forged partnerships with projects like Lido and Solv Protocol, contributing to over $23 billion in cumulative trading volume on Base. This integration facilitates liquidity and diverse trading options within derivatives markets for its user base.
Additionally, the Perp Launchpad will open the door for a wider range of assets, including long-tail tokens and popular memecoins. More so, the decentralized derivatives protocol enables emerging projects to access additional trading opportunities and liquidity channels. The launchpad is particularly attractive to tokens that may not have established liquidity in traditional markets.
In addition, SynFutures has included incentives such as trading competitions, designed to attract users to its on-chain derivatives markets.
Since the expansion of its V3 protocol, SynFutures has supported initiatives like the DAO Perps Program and the Meme Perp Summer to enhance its DeFi footprint.
