SynFutures to Develop its Perp Markets to Base with New Memecoin Initiative

Singapore, Singapore, June nineteenth, 2024, Chainwire

SynFutures, the main DeFi derivatives protocol, at the moment introduced its plans to increase to Base, Coinbase’s L2 community. To mark this milestone, SynFutures is launching “Meme Perp Summer time,” a six-week marketing campaign blitz aimed toward increasing its neighborhood asset listings and rewarding the meme communities driving natural traction on Base. With a complete rewards pool of 100,000 USDC and future airdrop allocations, this marketing campaign underscores Synfutures’ dedication to fostering the expansion of rising token tasks.

“We’re extremely enthusiastic about our growth to Base. This transfer not solely reinforces our dedication to offering customers with distinctive buying and selling alternatives but additionally displays our dedication to supporting and rising vibrant community-driven tasks,” stated Rachel Lin, Co-founder and CEO of SynFutures.

This growth to Base is a key a part of SynFutures’ multichain technique for V3. Having seen immense success since launching V3 on Blast, the place the protocol persistently ranked because the primary DeFi derivatives protocol by buying and selling quantity, SynFutures is now bringing its onchain orderbook for perps to Base. In simply 4 months on Blast, the protocol has achieved practically $100 billion in cumulative quantity, with over 4 million transactions and 142,000 on-chain customers.

SynFutures will proceed to assist Blast whereas extending its attain, doubling down on its dedication to being the go-to vacation spot for buying and selling trending tokens, together with memecoins and altcoins. V3 has already supported perp pairs for trending tokens like PAC, DEGEN, YES, WIF, and ESE on Blast, and is now bringing this technique to Base.

Memecoin Perp Summer time

Working from June 18 to July 29, 2024, Meme Perp Summer time goals to highlight and reward rising token tasks that drive genuine traction and engagement. Chosen tasks can earn as much as 10,000 USDC from the reward pool, for use for buying the venture’s token from their treasury or designated DEX and itemizing on SynFutures. Meme buying and selling pairs might be listed towards WETH or USDC, providing extra buying and selling alternatives and liquidity.

• Timeline: June 18, 2024 – July 29, 2024
• Rewards Pool (NASDAQ:): 100,000 USDC plus future designated airdrop allocations

Key Dates:

• June 18: Marketing campaign launch and token venture sign-up begins
• June 25: Deadline for token venture sign-ups and announcement of eligible tasks and reward allocations
• June 26: Eligible token buying and selling pairs itemizing on SynFutures with one-day unique promotion on our social media channels
• July 29: Tentative finish date for the Meme Perp Summer time Marketing campaign

Eligibility and Participation: Token tasks considering taking part will need to have an ERC20 token on Base, an energetic and engaged neighborhood, and a confirmed observe document of driving traction with out the intent of rug-pull. Key necessities embrace:

• 5,000 followers on social media
• $100K buying and selling quantity within the final 24 hours
• Common and energetic social media engagement and occasions
• Buying and selling pairs listed on v2
• Willingness to co-market with SynFutures

Token tasks considering taking part in Meme Perp Summer time ought to ship a direct message to SynFutures’ official X account, @SynFuturesDeFi. A SynFutures group member will reply with the registration kind. The sign-up course of would require venture particulars, neighborhood metrics, and a dedication to fulfill the participation necessities.

About SynFutures

SynFutures is a decentralized perpetual futures protocol that facilitates open and clear buying and selling on any property and listings immediately. The V3 Oyster AMM launched the business’s first-ever unified AMM and onchain order ebook mannequin.

Backers embrace Tier 1 Web3 institutional buyers Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Customary Crypto, and Framework Ventures, and the group has intensive expertise at international monetary establishments, fintech corporations and blockchain know-how corporations comparable to Alipay, Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport, and Nomura Securities.

For extra data, customers can go to SynFutures: Web site | Twitter | Warpcast

ContactCMOMark LeeSynFuturesmark.lee@synfutures.com

This text was initially printed on Chainwire