SynFutures launches an innovative Perptual Futures platform on Base

Recently, SynFutures launched the Perp Launchpad platform within the Base ecosystem, which is a brand new issuance model for Perptual Futures. Since entering Base, SynFutures has accumulated $26 billion in trading volume, accounting for more than half of the market share for Perptual Futures trading within the ecosystem.

In the current market environment, the growth of the Perptual Futures trading platform faces challenges. Major participants have already divided most of the profitable contract varieties, while the remaining ones either have low trading volumes or become arbitrage tools due to inefficient pricing. In the face of this predicament, SynFutures chooses to forge a new path.

Perp Launchpad: Simplified Perptual Futures Issuance

The innovation of the Perp Launchpad lies in its significant reduction of the entry barrier to the Perptual Futures market. The platform leverages the low gas fee advantage of Base, combined with ultra-thin spreads and efficient capital utilization, to provide liquidity and price discovery mechanisms for emerging areas such as Restaking and Meme tokens.

The main features of the platform include:

• Start Perptual Futures trading pairs without permission
• Quickly establish market depth through LP incentive mechanism
• Achieve quick deployment with low gas fees on the Base network

Taking Lido's wstETH/ETH Perptual Futures as an example, it achieved a cumulative trading volume of 260 million USD within just two months of launch, with a peak TVL of 918,000 USD, attracting nearly 2,000 users.

Investor Perspective: Opportunities and Risks

For on-chain traders, SynFutures offers multiple profit opportunities:

• LP market-making income (annualized up to 50% or more)
• Cooperative Community Revenue Sharing
• Potential token airdrops and points rewards

At the same time, the platform also provides new tools for managing Restaking assets and Meme token risks. However, investors need to be aware:

• The liquidity of the Perptual Futures market may be cyclical.
• Newly launched trading pairs may experience significant price volatility
• LP market making carries the risk of impermanent loss.

New Opportunities for Restaking Assets

The collaboration between SynFutures and major Liquid Staking providers has created new monetization channels for Restaking assets. This may bring:

• More Restaking assets entering the Perptual Futures market
• The improvement of LRT token liquidity
• The emergence of new Restaking derivatives

It is worth noting that BTC Restaking assets are becoming the new favorite in the Perptual Futures market. For example, pumpBTC/ETH and SolvBTC/ETH Perptual Futures have performed outstandingly, with 24-hour trading volume and TVL scale approaching that of mainstream currency pairs.

The Current Status of Meme Coin Perpetual Futures

Compared to the enthusiasm of the spot market, the performance of Meme coin Perptual Futures is relatively flat:

• BONK/USDC Perptual Futures: 24-hour trading volume is only 7.7K, market depth 405.3K
• PEPE Perptual Futures: Daily average trading volume is between 5K-10K, market-making depth is in the range of 300K-500K.
• Other Meme tokens performed more weakly.

This phenomenon may be attributed to the combination of high leverage and high volatility increasing risk, as well as the speculative nature unique to Meme coins causing perpetual futures rates to frequently become imbalanced.

Summary

The Perp Launchpad platform of SynFutures is reshaping the issuance model of Perptual Futures. It not only lowers the issuance threshold for Perptual Futures but also provides an important value discovery channel for various tokens. From "blue chip assets" like Restaking to "retail favorites" like Meme coins, market pricing can be found here.

This inclusive strategy, although risky, may be the necessary path for Perptual Futures to enter the mainstream market. In the current market environment, this innovative approach may create unexpected value.