Skip to main content

Featured Story

Saga Origins: Revolutionizing Web3 Game Publishing

Saga's Bold Move into Game Publishing: A New Era for Web3 The landscape of gaming is ever-evolving, and at the forefront of this transformation is Saga, a layer 1 blockchain network that has recently made headlines with the announcement of its new game publishing division, Saga Origins . This initiative, unveiled at the Game Developers Conference on Tuesday, is poised to redefine how games are brought to market within the burgeoning realm of Web3. By adopting a comprehensive and collaborative approach, Saga aims to support developers in ways that have traditionally been overlooked in the industry. Key Highlights of Saga Origins Full-Service Publishing : Saga Origins promises to provide developers with a robust support system that includes: User acquisition strategies Community building initiatives Promotional efforts tailored to their games No Games Announced Yet : Although no specific titles have been disclosed under the Saga Origins label, the company is showcasing...

SynFutures Secures $22 Million Funding for V3 Platform Release, Revolutionizing DeFi Perpetual Futures Trading

CEO of SynFutures, expressed her excitement about the latest funding round and the upcoming release of the V3 platform. She highlighted the importance of Oyster AMM in enhancing liquidity and capital efficiency in the realm of decentralized finance (DeFi). With the inclusion of major crypto assets, stablecoins, NFTs, and indices, SynFutures aims to provide a comprehensive and efficient trading experience for its users. The integration of Polygon blockchain network ensures fast and cheap transactions, while the presence of two-sided liquidity simplifies the process for users. This latest development is a significant step forward for SynFutures and the broader DeFi ecosystem as they continue to pave the way for mainstream adoption.

The recent funding round for SynFutures has not only brought in an impressive $22 million but has also pushed the total funding of the Singapore-based decentralized exchange (DEX) to $38 million. Spearheaded by Pantera Capital, a renowned venture capital firm, and with participation from SIG DT Investments and HashKey Capital, this funding round signifies the confidence and support that SynFutures has garnered from industry leaders.

Perpetual futures, the focus of SynFutures, are a type of financial derivative commonly used in cryptocurrency and commodities trading. Unlike traditional futures contracts that have a specified maturity date, perpetual futures do not have a fixed expiration date and can be traded with leverage. This allows traders to control a larger position than their initial capital would allow, providing greater flexibility and potential profits.

Alongside the funding announcement, SynFutures has unveiled the V3 of its platform, with the mainnet release scheduled for the fourth quarter of 2023. The upgraded V3 platform incorporates an Oyster automated market maker (Oyster AMM) that is fully deployed on-chain. Oyster AMM combines attributes of orderbook and AMM models in a single approach, enhancing liquidity and capital efficiency in the realm of decentralized finance (DeFi).

In the world of decentralized exchanges, Uniswap is perhaps the largest and most well-known automated market maker (AMM) on the market. Orderbook models, on the other hand, are essentially how centralized exchanges match buy and sell orders. By combining these two models, SynFutures aims to provide a seamless and efficient trading experience for its users.

Built on the Polygon blockchain network, which boasts fast and cheap transactions, SynFutures ensures the presence of two-sided liquidity. This means that users can provide liquidity with just a single token of a trading pair, simplifying the process and eliminating unnecessary complexities.

The ability of DeFi to reinvigorate and fortify its derivatives ecosystem is crucial for the mainstream adoption of cryptocurrencies. SynFutures' V3 platform, with its Oyster AMM and comprehensive range of trading options, is a significant step forward in achieving this goal. As the crypto industry continues to evolve, SynFutures is at the forefront of driving innovation and providing users with a seamless and efficient trading experience. With its latest funding round and upcoming platform release, SynFutures is well-positioned to lead the charge in the ever-expanding world of decentralized finance.

Comments

Trending Stories