The Good Tech Companies - SynFutures To Expand Its Perp Markets To Base with New Memecoin Initiative

Episode Date: June 20, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/synfutures-to-expand-its-perp-markets-to-base-with-new-memecoin-initiative. In just four months on Blast, the protocol has achieved nearly $100 billion in cumulative volume, with over 4 million transactions and 142,000 on-chain users. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #synfutures, #chainwire, #press-release, #synfutures-announcement, #memecoins, #crypto-derivatives-trading, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase’s L2 network. "Meme Perp Summer," a six-week campaign blitz aimed at expanding its community asset listings and rewarding the meme communities driving organic traction on Base.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. SYN Futures to expand its PERP markets to base with new MemeCoin initiative. By Chainwire, Singapore, Singapore, June 19, 2024, Chainwire, asterisk asterisk SYN Futures, the letting defy derivatives protocol, today announced its plans to expand to base, Coinbase's L2 network. To mark this milestone, Sin Futures is launching Meme Perp Summer, a six-week campaign blitz aimed at expanding its community asset listings and rewarding the meme communities driving organic traction on BASE. With a total rewards pool of 100,000 USDC and future airdrop allocations, this campaign underscores Sin Futures' commitment to fostering the growth of emerging token projects. Greater than. We are incredibly excited about our expansion

to base. This move not only greater than reinforces our commitment to providing users with unique trading opportunities greater than but also reflects our dedication to supporting and growing vibrant greater than community-driven projects, said Rachel Lin, co-founder and CEO of SinFutures. This expansion to base is a key part of SinFutures' multi-chain strategy for V3. Having seen immense success since launching V3 on Blast, where the protocol consistently ranked as the number one DeFi derivatives protocol by trading volume, SinFutures is now bringing its on-chain order book for PERPs to base. In just four months on Blast, the protocol has achieved nearly $100 billion in cumulative volume, with over 4 million transactions and 142,000 on-chain users. Sin Futures will continue to support Blast while extending its reach,

doubling down on its commitment to being the go-to destination for trading trending tokens, including memecoins and altcoins. V3 has already supported PERP pairs for trending tokens like PAK, DEGON, YES, WIF, and SA on Blast, and is now bringing this strategy to base. Meme coin PERP Summer running from June 18 to July 29, 2024. Meme PERP Summer aims to spotlight and reward emerging token projects that drive authentic traction and engagement. Selected projects can earn up to 10,000 USDC from the reward pool to be used for purchasing the project's token from their treasury or designated DEX and listing on SIN Futures. Meme trading pairs will be listed against WETH or USDC, offering additional trading opportunities and liquidity.

Timeline. June 18, 2024 to July 29, 2024. Rewards pool. 100,000 USDC plus future designated airdrop allocations. Key dates. June 18, campaign launch and token project sign-up begins. June 25. Deadline for token project sign-ups and announcement of eligible projects and reward allocations. June 26th. Eligible token trading pairs listing on SYN Futures with one-day exclusive promotion on our social media channels. July 29th. Tentative end date for the meme perp summer campaign. Eligibility and participation. Token projects interested in participating must have an ERC-20 token on base, an active and engaged community, and a proven track record of driving traction without the intent of rug pull. Key requirements include 5,000 followers on social media, $100,000 trading volume in the last 24 hours. Regular and active social media engagement and

events. Trading pairs listed on Uniswap version 2. Willingness to co-market with SinFutures. Token projects interested in participating in meme perp summer should send a direct message to SinFutures official ex-account at SinFutures.fi. A SinFutures team member will reply with the registration form. The sign-up process will require project details, community metrics, and a commitment to meet the participation requirements. About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMA launched the industry's first-ever unified AMM and on-chain

order book model. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group, SIG, Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. For more information, users can visit SynFutures website, Twitter, Warpcast contact CMO Mark LeesonFuturesMark.lee at SynFutures.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here.

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