- The Perp Launchpad, which is based on Ethereum Layer 2 Base, would enable projects to establish everlasting futures markets for any asset, including memecoins.
SynFutures, a decentralized derivatives firm, unveiled its Perp Launchpad, the first platform designed specifically for the establishment of perpetual futures markets. The launch coincides with a $1 million award program designed to support blockchain-based new token initiatives.
Memecoins and other long-tail assets have recently become more popular in the cryptocurrency market, drawing interest from regular traders. SynFutures’ Perp Launchpad, which was created to supplement popular spot markets with transparent and effective derivatives markets, allows projects to access new token demand and usefulness, such as ways to manage risk through leveraged perpetual futures trading and passive compensation for liquidity providers.
The Perp Launchpad, which is based on Ethereum Layer 2 Base, will enable projects to establish permanent futures markets for any kind of asset. To maximize liquidity and produce profits for liquidity providers, it also has a vault feature. To put it another way, traders can now use a wider range of assets to potentially profit from arbitrage.
One kind of derivative contract that lets traders speculate on the price of cryptocurrencies without an expiration date is perpetual futures, sometimes referred to as perpetual swaps or perps.
With more than half of Base’s derivatives trading volume and $23 billion in deals since its July expansion, SynFutures has taken the lead.
We’re supporting DeFi’s expansion in addition to reacting to market changes. The $1 million grant will improve the firm’s market presence by providing new ventures with funding, liquidity, and marketing assistance.
This endeavor comes after a test program with Lido, Solv Protocol, and other tokens, as well as successful projects like the DAO Perps and Meme Perp Summer, which have already seen tokens like DEGEN and MEW flourish.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
