In the coming months, SynFutures will explore deploying on the chain. It’s expanding the ecosystem to one of the fastest-growing Ethereum scaling solutions in the space.
As outlined in roadmap, SynFutures is committed to democratizing decentralized derivatives and part of that vision is achieved through multi-chain strategy. SynFutures Deploys to Optimism, Optimism became a clear front-runner given its Optimistic rollup technology, which provides security and decentralization while significantly reducing fees and improving transaction efficiency on the Ethereum mainnet.
As of July 2022, the total value locked (TVL) locked in Optimism is approximately $500 million. DeFi projects deployed on the Layer 2 include Perpetual Protocol, Uniswap, Velodrome, Aave, Synthetix, and PoolTogether.
SynFutures V1 is currently deployed on Ethereum, Arbitrum, BSC, and Polygon, recently being named the biggest decentralized derivatives platformon the latter Layer 2 chain. SynFutures Deploys to Optimism, Optimism users can access a plethora of on-chain derivatives products. They are including permissionless asset listings, both traditional and perpetual futures, coin-margined futures, and more features available through our trading platform.
About SynFutures
SynFutures is a next-generation derivatives exchange to creating an open and trustless derivatives market by enabling trading on any device with proper price feeds. By cultivating a free market and maximizing the variety of tradable assets, SynFutures is lowering the barrier for entry in the derivatives market, creating a more equitable exchange market for digital assets.
About Optimism
Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Optimism addresses the practical needs of developers and users. Focusing on writing software that scales Ethereum technology, and scaling Ethereum’s values by creating the rails for highly impactful projects.
The Optimism Foundation is a nonprofit organization to growing the Optimism Collective. They are donating all profits from running a centralized sequencer. Towards scaling and sustaining public goods until Optimism is fully decentralizing.
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