SynFutures Launches Perp Launchpad: Redefining the Perptual Futures Issuance Paradigm

In July, the Base ecosystem welcomed an important player, SynFutures. As of now, SynFutures has accumulated a trading volume of 26 billion USD on Base, capturing more than half of the market share in the Perptual Futures DEX track of the ecosystem.

Recently, SynFutures launched the Perp Launchpad platform on Base, creating a new model for Perptual Futures issuance. This innovation comes in the context of the current bottleneck in PerpDEX growth, where leading projects have already divided the main profitable varieties. In this situation, SynFutures has chosen to seek new growth opportunities through a different approach.

Perp Launchpad: One-stop Perptual Futures Launch Platform

Perp Launchpad provides liquidity and price discovery channels for Restaking and Meme tokens through low gas fees, high capital efficiency, and substantial subsidies, aiming to attract on-chain speculative users. The platform allows any token to launch perpetual futures trading pairs without permission.

The main advantages of this model include:

• Lower the market access threshold for Perptual Futures
• Quickly establish depth through LP incentives
• Utilize Base's low Gas characteristics for fast deployment

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

Investor Perspective: New Sources of Revenue and Risk Management Tools

For on-chain speculators, SynFutures offers a triple revenue opportunity:

• LP market making收益（annualized up to 50%+）
• Cooperative Community Revenue Sharing
• Possible future token airdrops and points rewards

At the same time, it also provides risk management tools for Restaking assets and Meme coins.

However, investors should be cautious:

• The periodicity of liquidity in the Perptual Futures market
• The fluctuations during the price discovery process of newly launched trading pairs.
• The impermanent loss risk faced by LP market making

New Opportunities for Restaking Assets

SynFutures collaborates with the leading Liquid Staking platform to provide new monetization channels for Restaking assets. This could bring:

• More Restaking assets enter the Perptual Futures market
• LRT token liquidity enhancement
• New Restaking derivatives gameplay

Data shows that BTC Restaking assets are becoming the new favorites in the Perptual Futures market. For example, the pumpBTC/ETH and SolvBTC/ETH Perptual Futures have performed outstandingly, with 24-hour trading volumes reaching 429.3K and 341.8K respectively, and TVL sizes of 12M and 5M respectively.

Possible reasons for this phenomenon include:

• The BTC Restaking track is highly popular, and hedging tools are needed.
• The price correlation between BTC and ETH provides a pricing benchmark for trading pairs.
• Competition among Restaking protocols intensifies, increasing speculative demand

Meme Coin Perptual Futures performance is mediocre

Unexpectedly, the performance of Meme coin Perpetual Futures is not outstanding:

• BONK/USDC Perptual Futures 24-hour trading volume is only 7.7K
• The daily average trading volume of PEPE Perptual Futures is between 5K and 10K.
• Other Meme tokens perform worse

Possible reasons include:

• The risk of high leverage and high volatility combinations is too high.
• The speculative nature of Meme coin spot trading leads to an imbalance in the Perptual Futures funding rate.
• LPs face a higher risk of impermanent loss.

Summary

The innovative essence of SynFutures is to reshape the issuance model of Perptual Futures, opening the door to the derivatives market for various tokens. This not only lowers the issuance threshold but also provides an important value discovery channel for various assets.

This inclusive strategy, while risky, may be the inevitable path for Perptual Futures to enter the mainstream market. In a bear market environment, innovative thinking may create unexpected value.