SynFutures, a decentralized derivatives trading platform, has launched its Perp Launchpad, designed to help crypto projects establish perpetual futures markets.
The platform’s goal is to increase access to trading for lesser-known tokens, providing more opportunities for users to interact with a diverse range of digital assets, according to to a press release from SynFutures.
https://twitter.com/SynFuturesDefi/status/1853800446223098238
What sets this launch pad apart is that it focuses specifically on perpetual futures, a type of derivative market. Perpetual futures are contracts that remain open indefinitely and are often used for leveraged trading.
This launchpad is also unique because most launchpads in the crypto space focus on spot trading or direct asset trading.
$1 million grant for symbolic projects
As part of this initiative, SynFutures is introducing a $1 million grant program to support token projects by providing financial support, liquidity and marketing assistance, helping new projects increase their visibility and attract users.
By expanding access to derivatives, SynFutures enables these projects to list tokens and provide additional ways for communities to engage through trading and providing liquidity.
Initially, the Perp Launchpad will work on Basean Ethereum (ETH) based on a layer 2 network, allowing projects to create perpetual trading pairs for their tokens. SynFutures has already partnered with established projects like Lido and Solv Protocol, significantly growing its ecosystem since July 2024.
The SynFutures launchpad also caters to individual traders, providing access to a wider range of tokens, including popular memecoins. The platform offers incentives to encourage trader engagement in on-chain derivatives markets, such as trading competitions.