{"id":177580,"date":"2023-10-20T04:35:47","date_gmt":"2023-10-19T23:05:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177580"},"modified":"2023-10-20T04:35:47","modified_gmt":"2023-10-19T23:05:47","slug":"derivatives-platform-synfutures-raises-22-million-led-by-pantera-capital-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/derivatives-platform-synfutures-raises-22-million-led-by-pantera-capital-crypto-news\/","title":{"rendered":"Derivatives Platform SynFutures Raises $22 Million Led By Pantera Capital &#8211; Crypto News"},"content":{"rendered":"<div>\n<p>SynFutures, the derivatives-focused decentralised exchange, has raised $22 million in a Series B investment round\u00a0to expand its derivatives trading platform. The round was led by VC giant Pantera Capital, with other key contributors being\u00a0SIG DT Investments and HashKey Capital. The DEX intends to use the funds to support\u00a0the development\u00a0of new products and the rollout of the project across many blockchains.<\/p>\n<p>The latest funding round brings the total funding for SynFuture to $38 million. SynFuture runs an\u00a0order book-based protocol, which\u00a0can operate independently of privileged administrators. This guarantees that any possible hidden backdoors are shut. Ultimately, this enables\u00a0consistent access to the system and establishes\u00a0a strong case\u00a0against censorship.<\/p>\n<h2 class=\"wp-block-heading\">SynFutures and its quest to enhance DeFi\u2019s institutional appeal<\/h2>\n<p>The gap between DeFi and the institutional players who rely on derivatives largely for financial strategies is widening, despite the fact that demand for DeFi is on the rise. In light of this limited derivatives capability, it is possible that institutions will be unable to fully embrace DeFi.<\/p>\n<p>SynFuture believes that DeFi\u2019s aspirations would be hampered even further by its existing insufficient capital and liquidity efficiency should the crypto markets experience a major growth explosion. Therefore, SynFutures has released v3 of its platform in anticipation of this and\u00a0expects it to\u00a0provide the support needed for\u00a0the future. The comprehensive on-chain order book also stands out, in the eyes of the SynFuture team due to its inherent transparency and dependability.<\/p>\n<p>To improve liquidity and capital efficiency, the V3 platform now has an Oyster automated market maker (Oyster AMM), a hybrid of the orderbook and AMM models. SynFuture plans to fully deploy Oyster AMM on-chain by the time it launches on the mainnet in Q4 of 2023.<\/p>\n<p>SynFutures\u2019s\u00a0v3 is an improvement to v2, which added \u201cDAO futures\u201d that let companies create pools of liquidity for their tokens versus ether, USDC, and USDT.\u00a0 SynFuture says that Oyster AMM\u2019s distinctive feature is\u00a0its fast on-chain integration of concentrated liquidity. In addition to reducing reliance on centralised administrators and off-chain technologies, it enables\u00a0AMMs to leverage\u00a0liquidity that is concentrated within specified price ranges.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SynFutures, the derivatives-focused decentralised exchange, has raised $22 million in a Series B investment round\u00a0to expand its derivatives trading platform. The round was led by VC giant Pantera Capital, with other key contributors being\u00a0SIG DT Investments and HashKey Capital. The DEX intends to use the funds to support\u00a0the development\u00a0of new products and the rollout of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":177581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-177580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177580"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177580\/revisions"}],"predecessor-version":[{"id":177582,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177580\/revisions\/177582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177581"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}