SynFutures, a decentralized derivatives trading platform, has recently introduced its Perp Launchpad, which aims to assist crypto projects in establishing perpetual futures markets. This launchpad is a unique addition to the crypto space, as it focuses specifically on perpetual futures markets, allowing contracts to remain open indefinitely for leveraged trading purposes.
Unlike most launchpads that concentrate on spot trading, SynFutures’ Perp Launchpad provides a platform for projects to launch perpetual trading pairs for any crypto asset. To support these projects, SynFutures has allocated a $1 million grant program, offering financial support, liquidity, and marketing assistance to increase visibility and attract users.
Through the Perp Launchpad, projects can list tokens and provide additional opportunities for communities to engage through trading and liquidity provision. The platform will initially operate on Base, an Ethereum-based layer 2 network, enabling projects to create perpetual trading pairs for their tokens. Since July 2024, SynFutures has established partnerships with projects like Lido and Solv Protocol, expanding its ecosystem significantly.
Moreover, SynFutures’ launchpad is not limited to projects but also caters to individual traders by offering access to a wider range of tokens, including popular memecoins. To encourage trader engagement in on-chain derivatives markets, the platform provides incentives such as trading competitions.
Overall, the introduction of SynFutures’ Perp Launchpad and the accompanying $1 million grant program signify a step towards increasing trading access for lesser-known tokens and providing more opportunities for users to interact with a diverse range of digital assets. This initiative not only supports token projects but also benefits individual traders seeking to explore new trading options in the crypto space.
