SynFutures Releases 2022 Roadmap Ahead of V2 Launch

 SynFutures team has made great strides as they work to bring their decentralized derivatives products to markets around the world.

2021 saw some significant milestones: the public beta launch of SynFutures V1, the release of the world’s first Hash Rate Futures, and first steps toward DAO-style governance, for example. (Read the full 2021 recap here.) But with the release V2 quickly approaching and many other exciting releases in store, this year will be even more exciting.

And now they’re sharing their 2022 roadmap. While a roadmap is a living document and subject to change, the sections below offer an extensive overview of what their community can expect this year.

Q1 2022: V2 Testnet and Perpetual Futures

“One of our biggest updates is coming soon: the much-anticipated launch of SynFutures V2. (You can register for early access now.)”

They’ll begin with testnet launch in Q1, followed by a closed Alpha for most active users.

V2 product launches in Q1 will include:

• Perpetual Futures – Perpetual Futures is one of the most sought-after derivatives offerings in the current DeFi market. SynFutures’ offering will improve upon existing perpetual swaps products in the space while inheriting the advantages from SynFutures v1 term futures.

• Coin-margined Futures– When V1 launched, only USDC, USDT, DAI and ETH were allowed to be used as margin and later WBTC, MATIC and BNB were added to the list. Because SynFutures is embracing a multi-chain strategy, native network tokens will be allowed to be used as margin along with popular USD stablecoins on each network. Additionally, news tokens on any network SynFutures is deployed could be added to the margin token list by going through a DAO based governance process

Q2 2022: NFTures & Blockchain Deployment

The second quarter of 2022 will see several updates, including a Closed Alpha for V2. Product updates will include:

• NFTures –  offers a gamified user interface (UI) akin to dating apps like Tinder, allowing users to trade NFT derivatives with just a couple of taps.

• Limit Orders – SynFuture’s sAMM model will be enhanced with limit orders so that liquidity providers (LPs) could also provide liquidity with traditional market making algorithms. Limit orders will be enabled for perpetual and dated futures for every underlying, including long tail assets.  They also plan to launch on NEAR-Aurora and Fantom, respectively, based on the order of the voting results. SynFutures is currently deployed on Ethereum, Polygon, BNB Chain (formerly BSC) and Arbitrum.

Q3 2022: V2 Open Beta

Public beta for SynFutures V2 is expected to launch in Q3. During this period, the team will gather user feedback, address any issues, and improve the platform.

• Trading Programs — 2.0-  they will refresh these initiatives with expanded options to make them even more engaging, enjoyable and rewarding for the community. Expected updates include multi-chain trading options, term futures, and options for professional traders, and they’ll share more details in Q3.

• Anti-MEV– As more users enter the DeFi space, MEV attacks, which include front running, back running, and sandwich attacks, are becoming more prominent on Ethereum and other smart contract chains. These issues are especially common in spot DEXs but wreak havoc on users across multiple trading platforms.

Q4 2022: New AMM Model and Deployment on Non-EVM Chains

A new AMM model with ranged liquidity provision. This model is designed to further enhance capital efficiency and flexibility for advanced LPs regarding perpetual futures of major pairs with ample liquidity and market participants.

Q4 will also see the launch of Cross-chain Futures. Like Bitcoin Hash Rate Futures, Cross-chain Futures will use oracle data to support assets across multiple chains. The ultimate goal of the product’s release is to give traders the ability to trade popular, trending assets anywhere, i.e. on any chain.

Before the end of the year, SynFutures is also expected to expand to non-EVM chains, including Solana and Terra, among others.

About SynFutures

SynFutures is a next-generation derivatives exchange focused on creating an open and trustless derivatives market by enabling futures trading on anything, anytime, anywhere. By cultivating a free market and maximizing the variety of tradable assets, SynFutures is lowering the barrier to entry in the derivatives market, creating a more equitable derivatives market.

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SOURCE: https://medium.com/synfutures/synfutures-releases-2022-roadmap-4920d1f0829e