Syn Futures Deploy to Optimism

SynFutures has announced plans to deploy to Optimism, a low-cost and efficient Ethereum Layer 2 blockchain. In the coming months, SynFutures will explore deployment on the chain. It expands the ecosystem to one of the fastest growing Ethereum scaling solutions in the field.

As outlined in the roadmap, SynFutures is committed to democratizing decentralized derivatives, and part of this vision is achieved through the multi-chain strategy. Optimism has become a clear pioneer in the Ethereum mainnet, providing security and decentralization while significantly reducing fees and increasing transaction efficiency.

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As of July 2022, the Total Locked Value (TVL) locked in Optimism is about $ 500 million. DeFi projects deployed at Layer 2 include Perpetual Protocol, Uniswap, Velodrome, Aave, Synthetix, and PoolTogether.

SynFutures V1 is currently deployed on Ethereum, Arbitrum, BSC and Polygon, and has recently been called the largest decentralized derivatives platform in the second Tier 2 chain. Optimism users have access to a large number of on-chain derivative products. These include lists of unauthorized assets, such as both traditional and permanent futures, coin-margined futures, and more features that are available through the trade platform.

About SynFutures

SynFutures is a new generation derivatives exchange aimed at creating an open and reliable derivatives market by making it possible to trade on any device with affordable price feeds. SynFutures is creating a fairer exchange market for digital assets by reducing the barrier to entry into the derivatives market by developing a free market and maximizing the diversity of tradable assets.

About Optimism

Optimism is a low-cost and lightning-fast Ethereum L2 blockchain. Optimism addresses the practical needs of developers and users. 

Reference

  • https://smartliquidity.info/
  • https://medium.com/synfutures

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