SynFutures, a prominent DeFi derivatives protocol, has recently announced its plans to broaden its reach by joining Base, Coinbase’s L2 network. This strategic move aims to enhance trading opportunities for users and support the growth of emerging token projects. The expansion to Base is part of SynFutures’ multichain strategy for V3, following its success on Blast, where it ranked as the top DeFi derivatives protocol by trading volume.
To celebrate its expansion to Base, SynFutures is launching the “Meme Perp Summer” campaign, a six-week initiative designed to increase community asset listings and reward meme communities that drive organic traction on Base. The campaign features a rewards pool of 100,000 USDC and future airdrop allocations, highlighting SynFutures’ dedication to nurturing vibrant community-driven projects.
During the “Meme Perp Summer” campaign, selected token projects can earn up to 10,000 USDC from the rewards pool. These funds can be utilized for purchasing the project’s token from their treasury or designated DEX and listing on SynFutures. Meme trading pairs will be available against WETH or USDC, offering diverse trading opportunities and liquidity for participants.
The campaign is set to run from June 18 to July 29, 2024, with key dates including the campaign launch, deadline for token project sign-ups, and tentative end date. Token projects interested in participating must meet certain eligibility criteria, such as having an ERC20 token on Base, an active community, and a history of driving organic traction. Requirements include a social media following of 5,000, $100K trading volume in the last 24 hours, and active engagement on social media and Uniswap v2.
Token projects keen on joining the Meme Perp Summer campaign can reach out to SynFutures’ official X account, @SynFuturesDeFi, to express their interest. A registration form will be provided, requiring project details, community metrics, and a commitment to meet the participation requirements. SynFutures aims to collaborate with projects that are genuine in their approach and contribute to the DeFi ecosystem positively.
SynFutures is a decentralized perpetual futures protocol that facilitates transparent trading on various assets and listings instantly. The V3 Oyster AMM introduced a unified AMM and onchain order book model to the industry. The protocol boasts backing from reputable Web3 institutional investors and a team with extensive experience in global financial institutions and blockchain technology companies.
SynFutures’ expansion to Base and the launch of the “Meme Perp Summer” campaign symbolize the protocol’s dedication to innovation and community growth in the DeFi space. By providing unique trading opportunities and rewarding projects that generate authentic engagement, SynFutures aims to establish itself as a leading platform for trading trending tokens and supporting emerging token projects.